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The Corp

Barry Sternlicht, Founder Starwood Capital Group

The Corp

Barstool Sports

Sports

510.7K Ratings

🗓️ 6 December 2018

⏱️ 37 minutes

🧾️ Download transcript

Summary

Co-Founder and CEO of Starwood Capital Group, Barry Sternlicht talks about his path in business and creating the W hotel brand. Barry recounts the story of being fired from his first real estate job, creating a cool desirable brand, building a successful business, and how he leads his employees.

Transcript

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0:00.0

Hey, barstool listeners, you can find every episode of this show on Apple Podcasts, Spotify, or YouTube.

0:05.3

Prime members can listen ad-free on Amazon Music.

0:14.4

On this episode of the Corp, we talked to Barry Sternleck, who is the CEO of Starwood Capital.

0:19.8

He also founded, created the W Hotel brand.

0:23.4

If you've ever stated it at W Hotel, you have Barry to thank.

0:26.9

He manages billions of dollars, and we have a really interesting conversation coming up with Barry.

0:33.3

Before we do that, though, a quick shout out to our presenting sponsor, the Cash App.

0:39.0

They have basically created the Corp. They are the biggest backer of the Corp podcast, and we want to thank them.

0:46.8

And you need to thank us for thanking them by downloading the Cash App right now.

0:51.4

There's the number one app in Finance, and they've rolled out their powerful new debit card.

0:55.5

The Cash Card comes with boost discounts that allow you to swipe and save 10% or more at Whole Foods, Shake Shack, Chipotle, Taco Bell, Chick-fil-A, Coffee Shops around the country, and tons more.

1:08.5

It's basically free money. We're giving you free money if you want to be financially frugal. No, no, frugal is a bad word.

1:14.6

But financially stringent. No, that's also financially wise.

1:19.8

Yeah, why is financially wise, download the Cash App, save 10% on all these places that you go to anyway.

1:25.7

They continue to hook it up, so people you need to go download the Cash Card, the Cash App, download it, download it, download it, the Cash App.

1:34.2

Thank you to them. They are a great presenting sponsor.

1:37.9

Okay, so Barry Sternlecht, like I said, manages billions of dollars.

1:43.7

And the theme that I took away from our conversation with Barry is how great he is at managing people more than money, and being a team player and business, and working with different type of people, and adapting, and making sure that everyone can kind of come along with him.

2:02.6

So you've worked in, you know, you've been with teams both in sports and business.

2:07.7

What's the biggest piece of, you know, getting a team, rallying a team together, and getting everyone kind of pulling on the same side of the rope?

2:15.8

How do you get people to do that?

2:17.9

First of all, is people selection, right? Is you have to bring in people that have high-acumen, people that understand, that have high energy, that understand teamwork.

...

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