Thriving in the New Economy: Lessons from Today's Top Business Minds

307 Pages·2009·1.84 MB·English

by  Lori Ann LaRocco

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“Thriving in the New Economy is a must-read for anyone who wants
With a Foreword by H. Wayne Huizenga, founder
“ . . . a compelling, page-turning book.”
to think big. Leaders are people who can look at a crisis and act
of Waste Management, Inc., Blockbuster Video, and
The world’s top business
AutoNation and owner of the Miami Dolphins and accordingly. This book has strategies from business leaders who do just T DONALD TRUMP, Chairman and President, The Trump Organization
leaders help you survive
with an Afterword by former New York City mayor
that. Lori Ann LaRocco sits down with some of the biggest and brightest
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Rudy Giuliani, Thriving in the New Economy offers and thrive in today’s
minds on Wall Street and has them open up and tell their stories in a
the kind of business and leadership wisdom you’ll
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economy
fi nd nowhere else. If you’re struggling to stay afl oat compelling, page-turning book.”
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in these rough economic waters, this book offers safe —DONALD TRUMP, Chairman and President, The Trump Organization
passage—and a competitive advantage. LV These are make-or-break times for business leaders
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and their organizations. Economic contraction and
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s plummeting consumer confi dence have made this a
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“Lori Ann’s book is a fast read and gives some interesting perspectives n defi ning moment in the new economy. Whether you’re
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on the disaster that we’re currently coming out of and some predictions G a business owner, a manager, or a team leader—in any
f
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industry—you face unprecedented conditions and
for the calamity that we are now facing.” o

m I tough challenges daily.
—BERNIE MARCUS, cofounder of Home Depot and Chairman, Marcus Foundation N
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Thriving in the New Economy gives you a unique
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a look at what some of today’s best economic and
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“A fascinating analysis of the recent American fi nancial markets directly ’ business minds are doing to stay ahead of the pack.
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Filled with profi les of top industry leaders, the book
from the mouths of major participants, all of whom are unusually T
oE offers inspirational personal stories, useful advice,
articulate and able to convert complex issues into easily understood p
and actionable strategies you can use immediately to

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concepts. A must-read for both the novice and the professional, skirt fi nancial peril, seize opportunities, and fl ourish
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LORI ANN LAROCCO yet in a style that makes for easy and enjoyable reading.” si in today’s economy.
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is Senior Talent Producer at CNBC —LEONARD STERN, Chairman and CEO, Hartz Group e
s Take a tour inside the heads of some of the biggest
and one of the producers of the sC
names in business, including:
CNBC show Squawk Box. M
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i • Financial publisher Steve Forbes
“Lori Ann LaRocco has edited and written a compendium from n
dN • Vanguard Group founder Jack Bogle
a group of successful innovators and investors . . . s
• Former director of the National Economic
it is a very worthwhile read. Our thanks to her for doing this.” O Council Larry Lindsey
—JOHN GUTFREUND, former CEO, Salomon Brothers M • Saks CEO Steve Sadove
JACKET DESIGN: PAUL McCARTHY and President, Gutfreund & Company
• Toyota Motor Sales U.S.A. President Jim Lentz
Lori Ann LaRocco
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• Renowned economist David Malpass
• Real estate industry leaders Don Peebles,
CNBC
Richard LeFrak, and Ron Peltier
• And many more!
A F T E R W O R D B Y R U D Y G I U L I A N I
( CONTINUED ON BACK FLAP )
E1FFIRS 11/16/2009 9:29:15 Page4
E1FFIRS 11/16/2009 9:29:15 Page1
THRIVING
IN THE
NEW
ECONOMY
Lessons
fromToday’s
Top Business Minds
L A L R
ORI NN A OCCO
JohnWiley&Sons,Inc.
E1FFIRS 11/16/2009 9:29:15 Page2
Copyright#2010byLoriAnnLaRocco.Allrightsreserved.
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ISBN:978-0-470-55731-0
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10 9 8 7 6 5 4 3 2 1
E1FFIRS 11/16/2009 9:29:15 Page3
Thisbookisdedicatedtomytruecompanion—
myhusband,Michael—
andmythreewonderfulchildren:
Nicholas,Declan,andAbigail.
Thankyouforunderstandingmommy’sevencrazierschedule.
E1FFIRS 11/16/2009 9:29:15 Page4
E1FTOC 11/17/2009 9:13:41 Page5
Contents
FOREWORD H.WAYNEHUIZENGA ix
PREFACE xiii
PartOne TheEconomy 1
Chapter1 LarryLindsey 3
Chapter2 SteveForbes 25
Chapter3 DavidMalpass 31
Chapter4 JackBogle 37
Chapter5 BobDoll 47
Chapter6 AbbyJosephCohen 59
Chapter7 PaulMcCulley 71
Chapter8 RonBaron 79
Chapter9 KenLangone 91
Chapter10 PeterCohen 99
Chapter11 115
Chapter12 JerryYork 117
v
E1FTOC 11/17/2009 9:13:41 Page6
vi CONTENTS
PartTwo Banking 123
Chapter13 KellyKing 125
Chapter14 DonaldPowell 141
Chapter15 CamFine 149
Chapter16 DonaldMarron 165
PartThree RealEstate 177
Chapter17 RichardLeFrak 179
Chapter18 DonPeebles 189
Chapter19 RonPeltier 199
PartFour Autos 207
Chapter20 MikeJackson 209
Chapter21 JimLentz 215
Chapter22 GeraldGreenwald 225
PartFive Retail 239
Chapter23 SteveSadove 241
PartSix Opportunities 249
Chapter24 WilburRoss 251
E1FTOC 11/17/2009 9:13:41 Page7
CONTENTS vii
EPILOGUE 265
AFTERWORD MAYORRUDYGIULIANI 267
ACKNOWLEDGMENTS 271
ABOUTTHEAUTHOR 273
INDEX 275
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