In this podcast, Walt Rakowich discussed his book Tranfluence, the insights it carries, and shared how his journey has helped him save his company that took a nosedive from $70 share to $3 share. He shared how the art of transfluence has helped him and could help many other businesses stay afloat and thriving through transformative times.
2:09 Walt’s journey.
8:30 Getting a company back from failure.
13:57 When the tide goes out, everybody is exposed.
20:30 Tips for navigating into unchartered waters.
26:07 Empathtic leadership.
30:41 CFO and CEO.
37:37 Resolving issues in larger companies.
43:30 Reasons for companies to be a transparent company.
48:19 The real people behind numbers.
50:35 Changing culture of companies and leadership.
53:50 Seeing your company as a girlfriend or a kid?
56:20 Ideal reader of Transfluence.
57:57 Walt’s success mantra.
1:01:15 Walt’s favorite read.
1:03:50 Closing remark.
Transfluence: How to Lead with Transformative Influence in Today’s Climates of Change by Walt Rakowich amzn.to/31O4ssS
Walt’s Recommended Read:
1776 by David McCullough amzn.to/31PxNmK
John Adams by David McCullough amzn.to/3hXoQ0f
The Purpose Driven Life: What on Earth Am I Here For? by Rick Warren amzn.to/31TNmKk
Halftime: Moving from Success to Significance by Bob P. Buford (Author), Jim Collins (Foreword) amzn.to/2DoXQb3
Walt Rakowich is a leadership speaker and former executive of Prologis, a global real estate company that was near collapse when he took over as CEO in 2008. During the economic downturn, the Prologis stock had dropped from over $70 per share to approximately $2 per share in 10 months, making it the third-worst performing company in the S&P 500. After Walt joined as CEO, he quickly implemented a change in culture through transparency, orchestrating a dramatic turnaround and restoring its position in the industry.
He is the author of TRANSFLUENCE: How to Lead with Transformative Influence in Today’s Climates of Change (Post Hill Press, September 29, 2020). In addition to speaking to audiences on a range of leadership topics, Walt also serves on a number of corporate and philanthropic boards.
Before starting his business career, Walt attended Pennsylvania State University where he received his BS in accounting. He went on to earn his MBA from Harvard Business School. In his free time, Walt enjoys traveling, mentoring youth, and participating in a wide range of community service initiatives. He and his wife Sue have two adult children and reside in Colorado.
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