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People I (Mostly) Admire

64. How Larry Miller Went from Prison Valedictorian to Nike Executive

People I (Mostly) Admire

Freakonomics Radio + Stitcher

Society & Culture

4.61.9K Ratings

🗓️ 26 February 2022

⏱️ 37 minutes

🧾️ Download transcript

Summary

Climbing the corporate ladder to become head of Nike’s Jordan brand, he kept his teenage murder conviction a secret from employers. Larry talks about living in fear, accepting forgiveness, and why it was easier to be bookish behind bars.

Transcript

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0:00.0

My guest today, Larry Miller, has had an incredible career in business.

0:10.7

He started as an entry-level accountant for the Campbell Soup Company, eventually rising

0:15.3

up to run the Jordan brand at Nike.

0:18.2

He took it over, at perhaps the worst possible time.

0:21.2

The year Michael Jordan retired from the NBA, and yet somehow, he grew the Jordan brand

0:25.8

from $150 million in annual revenues to more than $3 billion.

0:30.8

But that's only part of the story.

0:34.2

I was in my cell, and the guy who had administered the test came out and I said, hey, did I pass?

0:39.6

He said, not only did you pass, but you got one of the highest grades I've seen.

0:45.0

And we'd like for you to be the valedictorian for the graduating class.

0:52.6

Welcome to People I mostly admire, with Steve Levitt.

0:58.5

Larry Miller's story is unlike anyone else in the upper echelon of corporate America.

1:04.0

You've heard about people who defied the odds, not the way Larry did.

1:08.0

And once you've heard this story, it just might make you rethink some of your fundamental

1:12.7

beliefs.

1:20.8

Larry, you have a remarkable story.

1:23.4

So how about we just started the beginning?

1:26.0

It's 1959, you're 10 years old, you live in Philadelphia, your family nickname, with

1:32.5

the champ.

1:33.5

How come?

1:34.5

My uncle nicknamed me that.

1:36.8

He always pumped me up to tell me that I could do whatever I wanted to do.

...

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