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Our American Stories

EP160: Offering To Resign Because You’re Accountable For A Failure and Ford v. Ferrari II

Our American Stories

iHeartPodcasts

Documentary, Society & Culture

4.6817 Ratings

🗓️ 6 January 2022

⏱️ 38 minutes

🧾️ Download transcript

Summary

On this episode of Our American Stories, former Best Buy CEO Brad Anderson on this rare response to an ethical dilemma. Jon Elfner brings us this new Ferrari-slayer's story through the eyes of industry legends Neil Ressler, Scott Ahlman, and Mark McGowan.

Support the show (https://www.ouramericanstories.com/donate)


Time Codes:

00:00 - Offering To Resign Because You’re Accountable For A Failure

23:00 - Ford v. Ferrari II

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Transcript

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0:00.0

This is Lee Habib, and this is Our American Stories, and we tell stories about everything here on this show,

0:17.0

including your stories, send them to Our American Stories.com.

0:21.6

They're some of our favorites.

0:23.3

And we continue now with our Do the Right Things series about ethical dilemmas,

0:28.5

and it's sponsored as always by the great folks at the Daniels Fund.

0:33.0

Our own Alex Cortez brings us this latest edition.

0:38.3

Today we hear from Brad Anderson, who was a sales clerk at Best Buy in its earliest days,

0:43.7

and grew along with it to become CEO,

0:47.2

helping grow the company to $50 billion in annual revenue and 180,000 team members.

0:56.0

But what Brad's most proud of are the innovations and ethics of those on the front line,

1:01.0

like Sherry Ballard.

1:03.0

I think this is a good parable sort of for Sherry's story,

1:07.0

somebody I'm close with today, is a good parable of what can be the best

1:15.0

inside of business.

1:19.4

I first heard about Sherry because we were completely disorganized group.

1:25.6

We basically did everything hand to mouth and when we

1:28.3

started to grow we had to formalize things and virtually nothing had been

1:32.8

formalized up to that point in time. So we hired a division of Accenture

1:39.8

Consulting to come in and they did a plan and they put a sort of order to the

1:44.0

stores as we were growing the stores.

1:46.0

And I went out along with two other executives to teach this new order structure that everybody would then comply with into the system.

1:56.0

So we went out, we spent weeks going all over the country, every store, teaching people how to do this.

...

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