Joel Peterson on Leadership, Betrayal, and the 10 Laws of Trust

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4.7 • 4.3K Ratings

🗓️ 7 May 2018

⏱️ 73 minutes

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Summary

How did the CEO of a real estate development company become chairman of an airline? How can a competent manager learn to trust his subordinates? Joel Peterson, chairman of the Board at JetBlue Airways and author of The 10 Laws of Trust, talks with EconTalk host Russ Roberts about his career at Trammell Crow and JetBlue and how the concept of trust, outlined in his book, has helped his career. He closes the conversation with a discussion of how he overcame his personal weaknesses that would have handicapped his career--or as he puts it, how he "rewrote his operating system."

Transcript

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0:00.0	Welcome to Econ Talk, part of the Library of Economics and Liberty.
0:08.0	I'm your host, Russ Roberts of Stanford University's Hoover Institution.
0:12.6	Our website is econtalk.org where you can subscribe, comment on this podcast, and find
0:17.6	links and other information related to today's conversation.
0:20.5	We'll also find our archives where you can listen to every episode we've ever done going
0:24.8	back to 2006.
0:27.0	Our email address is mailadycontalk.org.
0:29.0	We'd love to hear from you.
0:31.0	Today is April 13th, 2018, and my guest is Joel Peterson.
0:37.8	He is the chairman of the board of JetBlue, the chairman of the board of overseers of Stanford
0:42.7	University's Hoover Institution.
0:45.0	He's the former CEO and CFO of Tramwell Crow, one of the world's largest and most successful
0:49.7	real estate companies.
0:51.4	He's the Robert L. Joss Adjun, professor of management at Stanford's Graduate School of
0:55.2	Business where he's taught for over 25 years.
0:58.0	And he's the author of the Ten Laws of Trust.
1:00.8	A book we'll be talking about today.
1:02.2	Joel, welcome to Econ Talk.
1:03.7	Nice to be with you, Russ.
1:05.2	I want to start with your career.
1:07.8	Tramwell Crow is an extraordinary company that a lot of people have never heard of, and
1:12.9	they also don't have really a good idea of what a real estate company does, other than
	...

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