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Motley Fool Hidden Gems Investing

Intangible Greatness

Motley Fool Hidden Gems Investing

The Motley Fool

Business, Investing

4.33.1K Ratings

🗓️ 6 April 2024

⏱️ 28 minutes

🧾️ Download transcript

Summary

James Rhee is the former CEO of Ashley Stewart, a professor, entrepreneur, and the author of “red helicopter―a parable for our times: lead change with kindness (plus a little math).” Mary Long caught up with Rhee for a conversation about: - An unlikely turnaround at a retailer serving plus sized, moderate income black women. - Being kind versus being nice. - When liabilities can become assets and vice versa. - Real world goodwill versus the accounting version.  Companies mentioned: NVDA Host: Mary Long Guest: James Rhee Producer: Ricky Mulvey Engineer: Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

What did I have? And so from my stomach I said, well, I may be the least qualified person

0:07.0

to run this company. True. I'm the last thing you all needed. True. I've never done this before. True. And then I said, but maybe if we can be kind

0:19.3

and mathematically honest, we can figure out a way to get out of this.

0:25.0

I'm Mary Long and that's James Rhee, a professor,

0:30.0

entrepreneur, and the former CEO of Ashley Stewart.

0:33.0

I caught up with Rhee for a conversation about his new book,

0:36.0

Red Helicopter, a parable for our times,

0:39.0

lead change with kindness, plus a little math.

0:42.0

We had a conversation about leaving a

0:44.8

company on the verge of liquidation, what corporate leaders often neglect to do

0:48.8

when they make hard decisions, and what goodwill can tell investors.

0:53.0

James, you recently wrote a book,

0:57.8

it's called Red Helicopter, and it's,

1:00.0

it tells a lot of stories.

1:01.1

As I was reading, I was trying to categorize it myself, and it's part business story, part memoir, part manifesto, I'd say.

1:08.0

And I want to talk about all three of those pieces and like the intersection of them all.

1:12.0

But maybe we start with the title

1:14.3

and kind of use that as a framework for the rest of our conversation and time

1:17.4

together. So why a red helicopter? What does that represent to you?

1:21.4

For me it was a story of just absolute clarity.

1:26.0

And I spent most in my life as a human being,

1:29.0

investor, teacher, CEO.

...

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