| 00:00:33 |
Unidentified Speaker
RUN TWO ICONIC AMERICAN COMPANIES AT&T AND GENERAL MOTORS AND IS ALSO THE AUTHOR OF THE NEW MEMOIRS, SUBFOR REINVENTING AT&T AND GM AND THE WAY WE...
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| 00:01:01 |
Unidentified Speaker
YOU STEPHANIE, IT'S NICE TO BE HERE. >> Host: YOU
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| 00:01:04 |
Unidentified Speaker
BECAME CHAIRMAN OF GENERAL MOTORS IMMEDIATELY AFTER THE COMPANY FILED FOR BANKRUPTCY HERE YOU CAME OUT OF HER TIME TO TAKE THE JOB. WHY DID YOU DO IT?...
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| 00:01:14 |
Unidentified Speaker
I BECAME CHAIRMAN WHEN IT CAME OUT OF BANKRUPTCY. THE DAY CAME OUT OF BANKRUPTCY. IT'S A GOOD QUESTION WHY I TOOK IT BECAUSE WHEN FIRST ASKED I SAID...
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| 00:01:57 |
Unidentified Speaker
Host: BEFORE YOU ACCEPTED THE CHAIRMANSHIP, DID YOU HAVE A POINT OF VIEW ABOUT THE GOVERNMENT'S BAILOUT OF GENERAL MOTORS? >> Guest: WELL I
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| 00:02:05 |
Unidentified Speaker
JUST KNEW GENERAL MOTORS SHOULDN'T GO AWAY AND FRANKLY I DIDN'T FOLLOW IT CLOSELY IN THE NEWS. BUT I KNEW IN MY HEART THE GENERAL MOTORS COULDN'T GO...
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| 00:02:18 |
Unidentified Speaker
Host: HOW MUCH OF YOUR DECISION WAS BASED ON SOMETHING THAT WAS MORE VISCERAL AND EMOTIONAL, THE IDEA THAT GENERAL MOTORS SHOULDN'T GO WAY AND THEN THE...
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| 00:02:32 |
Unidentified Speaker
THE EMOTIONAL FEELING THAT GENERAL MOTORS COULDN'T GO WAY. ONCE YOU COPY ON THAT FEELING YOU COULD THINK ABOUT THE IMPACT IT WOULD HAVE ON JOBS, SUPPLIERS...
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| 00:02:46 |
Unidentified Speaker
THE BAILOUT ALSO TRIGGERED A LOT OF EMOTIONAL REACTION AMONG THE AMERICAN PUBLIC. WHY DO YOU THINK THAT THE PEOPLE REACTED SO STRONGLY TO THE IDEA OF...
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| 00:02:58 |
Unidentified Speaker
I THINK IT WAS A LOT OF MONEY FOR A STARTER AND TWO THERE WERE A LOT OF PEOPLE, PUNDITS THAT SAID YOU KNOW THAT SHOULDN'T HAPPEN WITH TAXPAYER MONEY,...
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| 00:03:26 |
Unidentified Speaker
HEAR PEOPLE CRITICIZING THE GOVERNMENT FOR THE BAILOUT AND I AM SURE YOU DO AS WELL. HAVE YOU BEEN ABLE TO CHANGE ANYBODY'S MIND WHO PERHAPS WERE OPPOSED...
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| 00:03:41 |
Unidentified Speaker
Guest: YOU KNOW WE BECAME KNOWN AS GOVERNMENT MOTORS TO A LOT OF PEOPLE AND THERE IS NO QUESTION THAT HER GM AND CONTINUES TO HURT IT TODAY. THOUGH...
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| 00:04:15 |
Unidentified Speaker
YOU TALK A LOT ABOUT WHAT YOU FOUND WHEN YOU ARRIVED AT GENERAL MOTORS. A LOT OF IT WAS NOT NECESSARILY APPARENT TO THE PUBLIC. THE FINANCIAL RESULTS...
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| 00:04:43 |
Unidentified Speaker
EXPECTED CERTAIN THINGS AND I SAW SOME OF THEM AND SOME THEM I DIDN'T. THE MORALE WAS QUITE LOW AS YOU MIGHT IMAGINE, BUT I SAW A CONFUSED COMPANY THAT...
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| 00:05:15 |
Unidentified Speaker
YOUR APPROACH TO UNTANGLING THE MASS? WALK US THROUGH METHODICALLY WITH THE FIRST AND SECOND AND THIRD THINGS YOU DID WORD. >> Guest: WELL, TO
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| 00:05:25 |
Unidentified Speaker
SHORTEN THAT I WILL DO MY BEST, BUT THE FIRST THING IS YOU HAVE TO DETERMINE WHAT YOU ARE IN BUSINESS WAS, WHAT YOUR OBJECTIVE IN YOUR AIM WAS AND WHAT...
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| 00:07:15 |
Unidentified Speaker
KEY. >> Guest: . >> Host:
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| 00:07:16 |
Unidentified Speaker
BASED ON YOUR EXPERIENCES THERE AND TALKING TO EMPLOYEES AND MANAGEMENT TEAMS, HOW WAS IT THE GM CAME TO LOSE ITS WAY LEX NOT JUST ON THE FINANCIAL AND...
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| 00:07:41 |
Unidentified Speaker
I'VE HEARD A LOT AND I SAW SOME OF THIS. I ASKED SEVERAL TOP-LEVEL PEOPLE WHEN I GOT THERE, HOW DID WE GET IN THIS MASS? WHAT WENT WRONG HERE? I GOT...
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| 00:08:32 |
Unidentified Speaker
A COMMON AFFLICTION AMONG VARIOUS ORGANIZATIONS AND I WANT TO SPEND A LITTLE TIME TALKING ABOUT THE OTHER BIT BIG ORGANIZATION YOU RAN WHICH IS AT&T,...
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| 00:09:02 |
Unidentified Speaker
THAT ALL HAS TO COME BACK TO MANAGEMENT BUT I THINK ONE OF THE PROBLEMS IS THAT MAYBE YOU GET TO THINKING YOU ARE BETTER THAN YOU ARE. YOU ARE UNWILLING...
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| 00:09:51 |
Unidentified Speaker
REAL CHALLENGE TO BE ABLE TO SEE BOTH BIG AND NOBLE AND BIG AND FLEXIBLE. TALK A LITTLE BIT ABOUT YOUR EXPERIENCES AT AT&T WHICH STARTED OUT AS THE...
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| 00:10:13 |
Unidentified Speaker
290. >> Host:
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| 00:10:15 |
Unidentified Speaker
AND IT RAN THROUGH ITS EXPANSION FROM A BELL OPERATING COMPANY TO A MAJOR WIRELESS PLAYER TO A GLOBAL DATA COMPANY. HOW DID YOU TRY TO KEEP AT&T FLEXIBLE...
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| 00:11:40 |
Unidentified Speaker
THAT NOT THAT WE WERE TOTALLY FREE OF BUREAUCRACY, WE WEREN'T BUT I THINK IT KEEPS PEOPLE INTERESTED OUR OBJECTIVE IS TO BE THE BIGGEST IN THE BEST...
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| 00:12:01 |
Unidentified Speaker
YOU ALSO DID A NUMBER OF SMALLER DEALS, VENTURES AND ALLIANCES OFTEN WITH TECHNOLOGY COMPANIES ARE COMPANIES THAT WERE INNOVATORS. CAN YOU TALK A LITTLE...
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| 00:12:20 |
Unidentified Speaker
FAILED ON SOME OF THOSE INCIDENTALLY. THEY WEREN'T ALL SUCCESSFUL BUT I WILL GIVE YOU AN EXAMPLE. WE HAVE A LARGE COMPANY AND WE FORMED A PARTNERSHIP...
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| 00:13:35 |
Unidentified Speaker
ARE SOME OF THE EXAMPLES THAT DIDN'T WORK OUT SO WELL? >> Guest:
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| 00:13:40 |
Unidentified Speaker
WE MADE SEVERAL ACQUISITIONS. DO I HAVE TO TALK ABOUT THAT STEPHANIE? >> Host: AND THAT CATEGORY
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| 00:13:47 |
Unidentified Speaker
OF LESSONS LEARNED. >> Guest: WE HAD
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| 00:13:50 |
Unidentified Speaker
SEVERAL. WE MADE ADVENTURE OR TWO IN SOUTH AMERICA THAT DIDN'T WORK WELL. ONE IN CABLE TELEVISION. THEY DIDN'T WORK. WE HAD MANY MORE SUCCESSES BUT...
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| 00:14:04 |
Unidentified Speaker
TIME WHEN IT SEEMED A LOT OF THE TELECOMMUNICATION COMPANIES WERE MOVING IN A LOT OF DIFFERENT DIRECTIONS. WE HAD SOME COMPANIES INVESTING HEAVILY IN...
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| 00:14:52 |
Unidentified Speaker
Guest: WELL I THINK I WAS MOSTLY ME AND THE MANAGEMENT TEAM COMMON SENSE. WE KNEW HOW TO RUN A TELEPHONE COMPANY. WE HAVE DONE THAT FOR A NUMBER OF YEARS...
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| 00:15:36 |
Unidentified Speaker
Host: HOW MUCH OF MANAGEMENT IS COMMONSENSE? THE THEME THAT RUNS TO THE BOOK AND CERTAINLY YOUR COMMENTS SUBSEQUENT TO THE BOOK, DO YOU THINK A LOT...
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| 00:15:53 |
Unidentified Speaker
THAT IS THE TERM I APPLY TO IT AND I THINK IT'S MOSTLY COMMON SENSE. I THINK IT'S MOSTLY COMMON SENSE IF IT LOOKS LOGICAL AND MAKE SENSE AND YOU CAN...
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| 00:16:13 |
Unidentified Speaker
BOOK YOU TALK A LOT ABOUT THE DIFFERENCE IN MANAGERS WHO HELPED YOU ALONG IN YOUR CAREER IN THE DIFFERENT PEOPLE YOU ENCOUNTERED AS YOU WERE COMING...
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| 00:16:37 |
Unidentified Speaker
I AM NOT SURE I HAVE EVER BEEN ASKED THAT QUESTION BUT SINCE YOU HAVE FASTED, I THINK YOU LEARN AS MUCH FROM THE GOOD ONES AS YOU DO FROM THE BAD ONES....
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| 00:17:06 |
Unidentified Speaker
YOU FEEL THROUGHOUT YOUR CAREER BUT THAT AT&T AND SUBSEQUENTLY A GENERAL MOTORS WITH BAD MANAGERS IN THE ROLE OF CEO? WHEN YOU SAW PEOPLE WHO WEREN'T...
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| 00:17:27 |
Unidentified Speaker
WELL I THINK YOU HAVE TO SORT OF GET A FEELING OF WHY. MAYBE IT'S THEY JUST DON'T KNOW. MAYBE THEY DON'T UNDERSTAND. MAYBE THEY ARE GOOD PEOPLE BUT I...
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| 00:18:21 |
Unidentified Speaker
AT THE OUTSET OF THE CONVERSATION, YOU SAID THAT ONE OF YOUR, ONE OF THE REASONS YOU ARE RELIED AND TO CHANGE HER JOB AT GENERAL MOTORS WAS BECAUSE...
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| 00:18:47 |
Unidentified Speaker
THERE WERE A LOT OF PEOPLE AT AT&T AND A LOT OF PEOPLE AT GM. THERE WERE ORGANIZATIONS IN THEIR REUNION FORCES TO CONSIDER THERE WERE A LOT OF SIMILARITIES....
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| 00:19:27 |
Unidentified Speaker
Host: WHAT WERE SOME OF THE THINGS YOU DID TO GET UP TO SPEED ON MANUFACTURING AND SPECIFICALLY AUTO MANUFACTURING? >> Guest: WELL, I KNEW
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| 00:19:39 |
Unidentified Speaker
NOTHING SO I WAS REALLY ON THE STEEP LEARNING CURVE. THESE PEOPLE WERE ALL SMARTER THAN ME FOR EXAMPLE. THIS CAR IS INCREDIBLY COMPLEX. YOU CAN'T...
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| 00:20:27 |
Unidentified Speaker
THEN IN TERMS OF THE TURNAROUND PORTION OF THE BUSINESS, WERE THERE OTHER EXECUTIVES WHO HAD BEEN THROUGH A SIMILAR TURNAROUND OR HAD TURNED AROUND ON...
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| 00:20:45 |
Unidentified Speaker
Guest: >> Guest: NOT REALLY
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| 00:20:46 |
Unidentified Speaker
IN THAT DOESN'T MEAN I WOULDN'T BUT I DIDN'T KNOW WHAT IT CALLED. I DIDN'T KNOW WHAT TO DO. INSIDE GM OF COURSE EVERYBODY WAS KIND OF UNDER T.A.R.P....
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| 00:21:27 |
Unidentified Speaker
BIT ABOUT YOUR RELATIONSHIP WITH THE BOARD OF DIRECTORS BECAUSE YOU STARTED OUT AS CHAIRMAN AND ULTIMATELY BECAME INTERIM CEO AND THEN CEO AND AT EVERY...
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| 00:21:49 |
Unidentified Speaker
FEW HOLDOVERS. SOME OF THE BOARD MEMBERS LEFT DURING THE GM BANKRUPTCY BUT THERE WERE A SMALL NUMBER OF HOLDOVERS AND THEN WE APPOINTED MORE TO GET...
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| 00:23:08 |
Unidentified Speaker
Host: TALK A LITTLE BIT ABOUT THE URGENCY IN YOUR MIND FOR GETTING OUT FROM UNDERNEATH T.A.R.P.. YOU ALLUDED TO PEOPLE BEING UNDER THE UMBRELLA OF T.A.R.P....
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| 00:23:33 |
Unidentified Speaker
THE EMPLOYEE MORALE WAS NOT THE BEST IT COULD BE AS YOU CAN IMAGINE. I THINK SOME WERE SHUNNED BY THEIR NEIGHBORS. I THINK SOME FELT DEFEATED AND BEATEN...
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| 00:23:50 |
Unidentified Speaker
Host: IT WAS A LITTLE BIT OF A SMALL TOWN, RIGHT? >> Guest: RIGHT,
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| 00:23:59 |
Unidentified Speaker
THERE WAS FORD ON ONE SIDE AND CHRYSLER ON THE OTHER SIDE. SO THAT WAS A BIG FACTOR. THE OTHER FACTOR WAS, WE WERE LABELED GOVERNMENT MOTORS. THAT...
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| 00:25:26 |
Unidentified Speaker
TO THAT WAS THE AIKIDO. YOU WOULD HAVE NEVER BEEN CEO OF A COMPANY THAT DID AN IPO SO WHAT WAS THAT EXPERIENCE LIKE AND THEN I WANT TO TALK A LITTLE...
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| 00:25:59 |
Unidentified Speaker
Guest: WE HAD FOR STOCKHOLDERS, THE GOVERNMENT, THE CANADIAN GOVERNMENT, SOME OF THE BONDHOLDERS AND THE UNION PORTION. WE ONLY HAD FOR STOCKHOLDERS....
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| 00:28:12 |
Unidentified Speaker
BUT TO GET THERE THERE WAS A LITTLE BIT OF A STRUGGLE. YOU WRITE IN THE BOOK THAT BY GROWING INTERNAL CONCERNS TO BE PERFECTLY HONEST THAT WAS THAT ...
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| 00:28:27 |
Unidentified Speaker
Guest: I DON'T KNOW WHAT I MEANT BY THAT BUT IT MUST HAVE BEEN SOMETHING. THE GOVERNMENT LET US RUN GM. WE DIDN'T GET ANY DAY-TO-DAY OVERSIGHT. WE HAD...
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| 00:29:58 |
Unidentified Speaker
MENTIONED THAT THEY GAVE YOU QUITE A LOT OF LATITUDE, THE FEDERAL GOVERNMENT. AT THE SAME TIME IT SOUNDS LIKE IN THE BOOK YOU WERE A LITTLE BIT SURPRISED...
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| 00:30:29 |
Unidentified Speaker
AT? >> Guest: WHEN I REFLECTED BACK ON THAT THERE WERE OTHER T.A.R.P. COMPANIES TOO. THERE WERE OTHER THINGS GOING ON THERE WERE SEVERAL COMPANIES...
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| 00:31:03 |
Unidentified Speaker
Host: WHEN I LOOK BACK ON THAT PERIOD AND AMERICAN BUSINESS, I AM STRUCK BY HOW LOW THE CONFIDENCE LEVEL IN THE TRUST LEVEL BETWEEN THE AMERICAN PUBLIC...
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| 00:31:42 |
Unidentified Speaker
BET. I THINK GM IS AN EXAMPLE OF THE LARGEST MANUFACTURER IN THE U.S., LOST FAITH IN GM AND ITS QUALITY PRODUCT. I THINK THE CORPORATION HAS TO BE TRUSTED...
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| 00:32:37 |
Unidentified Speaker
SAID AT THE OUTSET, THIS BOOK IS ULTIMATELY VERY OPTIMISTIC ABOUT AMERICAN BUSINESS. WHERE DOES YOUR OPTIMISM COME FROM? WHAT ARE THE MOMENTS IN YOUR...
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| 00:32:56 |
Unidentified Speaker
REMEMBER I AM FROM AT&T AND GM, AND I SAW THE POWER OF PEOPLE AND WHAT PEOPLE CAN DO WHEN THEY ARE RESPONSIBLE AND HAVE AUTHORITY AND YOU LET THEM GO....
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| 00:34:13 |
Unidentified Speaker
ALSO THE LONG-STANDING TRADITION OF INNOVATION AND CONTRIBUTIONS TO BOTH OF THOSE
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| 00:34:21 |
Unidentified Speaker
COMPANIES. >> Guest: ABSOLUTELY. >>
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| 00:34:22 |
Unidentified Speaker
Host: IT'S REALLY REMARKABLE -- >>
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| 00:34:24 |
Unidentified Speaker
Guest: PEOPLE DO THAT STEPHANIE, PEOPLE ARE EMPOWERED TO DO THOSE SORTS OF THINGS. IT'S A HUGE RESOURCE. >> Host: YOU WRITE
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| 00:34:32 |
Unidentified Speaker
IN THE BOOK QUITE A BIT ABOUT YOUR CHILDHOOD, GROWING UP IN TEXAS AND IT'S STRIKING TO ME BECAUSE YOU COME FROM A VERY MODEST BACKGROUND. YOU REALLY...
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| 00:35:10 |
Unidentified Speaker
DID. I THINK MY FAMILY UPBRINGING HAD A LOT TO DO WITH IT. MY MOTHER WAS NOT THE MOST OPTIMISTIC PERSON IN THE WORLD, BUT SHE SAID YOU JUST KEEP GOING...
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| 00:36:10 |
Unidentified Speaker
QUITE A BIT OF ENCOURAGEMENT ALONG THE WAY. YOUR MOTHER. >> Guest: SHE MADE ME GO
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| 00:36:16 |
Unidentified Speaker
TO COLLEGE. SHE MADE ME GO TO COLLEGE. I SAID ONE NIGHT, THINK OF GO TO WORK FOR THE RAILROAD AT THE DINNERTIME CONVERSATION AND SHE LOOKED ME IN THE...
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| 00:36:42 |
Unidentified Speaker
HAD DROPPED OUT OF COLLEGE. >>
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| 00:36:44 |
Unidentified Speaker
Guest: SHE DID. SHE WAS IN THERE DURING THE DEPRESSION AND HER FATHER WAS IN THE DEPRESSION. HE HAD A BUSINESS AND HE LOST IT BECAUSE HE EXTENDED TO MUCH...
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| 00:36:57 |
Unidentified Speaker
BECAME A SCHOOLTEACHER. DID SHE REMAIN AN EDUCATOR FOR LONG? >> Guest: NO, SHE ONLY
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| 00:37:02 |
Unidentified Speaker
TALKED FOR A RELATIVELY SHORT TIME, I GUESS IT WAS A COUPLE OF YEARS. SHE DIDN'T STAY IN EDUCATION BUT SHE WAS SMART WOMAN. >> Host: AND
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| 00:37:12 |
Unidentified Speaker
CLEARLY VALUED EDUCATION FOR HER FAMILY. >>
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| 00:37:16 |
Unidentified Speaker
Guest: VERY MUCH SO. >>
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| 00:37:17 |
Unidentified Speaker
Host: AND THEN WHILE YOU WERE IN COLLEGE YOU GOT A SUMMER JOB AND THE REST IS HISTORY. >> Guest:
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| 00:37:24 |
Unidentified Speaker
THE REST IS HISTORY. THAT IS AN INTERESTING STORY TOO TO SHOW YOU HOW THINGS TURN, THEY HIRED SOME ARE PEOPLE AND I WAS AT TECHNICAL TECH DURING MY...
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| 00:38:29 |
Unidentified Speaker
IN THE BOOK YOU WRITE ABOUT BEING SOMEWHAT BASHFUL. HOW DID YOU OVERCOME YOUR SHYNESS TO BE ABLE TO MARCH INTO AN EMPLOYMENT OFFICE AND REALLY FIGHT...
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| 00:39:02 |
Unidentified Speaker
Guest: I THINK IT WAS SOMEWHAT LACK OF CONFIDENCE AND I THINK I'M STILL SHY. I HEART BEATS FAST IN SOME SITUATIONS STILL, LIKE IF I HAVE TO TALK TO...
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| 00:39:46 |
Unidentified Speaker
Host: TALK A LITTLE BIT ABOUT HOW YOU EVOLVED AS A LEADER. HE BECAME CEO OF SOUTHWESTERN BELL IN 1990. DO YOU THINK THAT GUY COULD HAVE STEPPED INTO...
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| 00:40:05 |
Unidentified Speaker
SO. I THINK ALL THOSE YEARS AT AT&T, 17 AS CHAIRMAN I THINK, HELPED PREPARE ME BETTER FOR THAT. I LEARNED A LOT IN THOSE THE 17 YEARS. WE DID A LOT...
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| 00:40:38 |
Unidentified Speaker
YOU HAD A LOT OF INTERACTION WITH GOVERNMENT, STATE, LOCAL AND FEDERAL GOVERNMENT. NOT ALL OF IT POSITIVE. AND THEN OF COURSE I GENERAL MOTORS YOU HAD...
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| 00:41:22 |
Unidentified Speaker
YOU KNOW I THINK THE ANSWER TO THAT IS IT'S COMPLICATED BUT THE SHORT ANSWER IS YES BECAUSE I AM AN OPTIMIST. I THINK A LOT OF THINGS GOING ON IN GOVERNMENT...
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| 00:42:04 |
Unidentified Speaker
THE NUMBER OF PEOPLE YOU MENTIONED IN THE BOOK THAT YOU DEALT WITH WHO CAME FROM THE WORLD OF BUSINESS, PEOPLE LIKE STEVE RATTNER AND A NUMBER OF THESE...
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| 00:43:45 |
Unidentified Speaker
HAD COMMON NOT EVEN THE WIRELESS WORLD BUT THE ENTIRE WORLD OF MEDIA AND CONSUMER ELECTRONICS. THAT WAS A RISKY MOVE THAT THE TIME WHAT INSPIRED YOU...
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| 00:44:07 |
Unidentified Speaker
SAID EARLIER MANAGEMENT'S FIRST DUTY IS TO DO WELL FOR THE STOCKHOLDERS. IT CONTINUES TO MAKE INVESTMENT BETTER THROUGH DIVIDENDS, A GROWTH, INCREASED...
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| 00:45:49 |
Unidentified Speaker
iPHONE WORKED. >>Host: WITH THE NEGOTIATION PROCESS I REALIZED YOU DELEGATED DAY TO DAY OF AT&RE TAKING A RISK PUSH THE CHIPS OUT ON THE TABLE AND SEE...
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| 00:45:56 |
Unidentified Speaker
WORKED. >>Host: WITH THE NEGOTIATION PROCESS I REALIZED YOU DELEGATED DAY TO DAY OF AT&T WIRELESS. TELECOMMUNICATIONS COMPANIES WANTED TO CONTROL THE...
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| 00:46:16 |
Unidentified Speaker
PRETTY GOOD. >>Host: NOW LOT
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| 00:46:27 |
Unidentified Speaker
OF PROFIT IF I RECALL. THEN COMES STEVE JOBS AND HE WANTS TO CONTROL THE CONSUMER EXPERIENCE WITH THE FRONT AND CENTER PERSON WITHOUT RELATIONSHIP. THERE...
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| 00:46:49 |
Unidentified Speaker
OF LOT OF DISCUSSION AROUND THAT ISSUE. WE WERE JUST AS CONVINCED WE WOULD CONTROL THE NETWORK AS HE WAS. AND THERE WAS A LOT OF BACK-AND-FORTH. MAN...
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| 00:47:46 |
Unidentified Speaker
ULTIMATELY IT DID UNLEASH NOT JUST AT&T BUT A NEW MENTALITY AROUND HE DID NOT HAVE TO BUILD THE SOFTWARE FOR BUILDING GAMES OR PROVIDE THE WEATHER SO...
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| 00:48:03 |
Unidentified Speaker
MORE. >>Guest: THEY DO. WE LIKE THE NETWORK BEING USED. >>Host: DID YOU
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| 00:48:10 |
Unidentified Speaker
EVER IMAGINE A WORLD LIKE THIS COMING UP THROUGH SOUTHWESTERN BELL WE SAW WRAPS TO THE FUTURE, VERY FUTURISTIC VISIONS WHAT THE CONSUMER WOULD EXPERIENCE...
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| 00:48:46 |
Unidentified Speaker
AS IT IS TODAY? >>Guest: NO. MAY BE OTHER PEOPLE. I LEFT THAT UP TO THEM. I SAID LET'S TAKE US THE NEXT UP AND IT LED US HERE AND WILL LEAD US TO MORE...
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| 00:49:06 |
Unidentified Speaker
SEE YOUR TO OLD BUSINESS WORLD'S COLLIDING THE CAR BECOMES MORE LIKE A SMART PHONE, THE DASHBOARD IS BECOMING VERY SOPHISTICATED. WHAT WAS THE LEVEL...
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| 00:49:52 |
Unidentified Speaker
LOT GOING ON, MORE THAN I THOUGHT, PUTTING FATAH INTO THE TECHNOLOGY TO BE THOUGH WIFE I HOTSPOT THAT YOU DON'T GO AWAY FROM. THERE ARE SOME INTERESTING...
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| 00:50:47 |
Unidentified Speaker
WHAT ARE THE MOST EXCITING THINGS YOU SAW ON THE VEHICLE'S SIDE OR THE TECHNOLOGY SIDE WITH YOUR FINAL? >>Guest: IN MY DAYS
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| 00:50:54 |
Unidentified Speaker
WHEN THERE WERE SPARK PLUGS, CARBURETORS, THAT IS GONE AND NOW THEY'VE RUN BY COMPUTER, AND MAYBE MOST PEOPLE DON'T KNOW THAT, BUT THAT IS EXCITING...
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| 00:52:46 |
Unidentified Speaker
EXECUTIVES AND CEOs BALANCE CONTINUED INVESTMENT WITH R&D AND INNOVATION WITH PRESSURES OF EARNINGS PER SHARE AND STOCK PRICE AND STOCKHOLDER PRESSURE....
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| 00:52:53 |
Unidentified Speaker
ONE DUTY IS TO PERPETUATE THE COMPANY. IF YOU TAKE THAT YOU POINT MAY BE YOU HAVE TO BE PREPARED FOR UP AND DOWN EARNINGS BUT HE MUST PERPETUATE FOR...
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| 00:53:47 |
Unidentified Speaker
THEY WOULD LIKE TO HAVE DAILY EARNINGS. [LAUGHTER] >>Guest:
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| 00:53:49 |
Unidentified Speaker
WE ALWAYS LOOKED TO THE FUTURE TO UNDERSTAND YOU HAVE TO TAKE SOME LUMPS TO PERPETUATE THE BUSINESS WHICH IS THE MOST IMPORTANT. >>Host: YOU HAD AN
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| 00:54:00 |
Unidentified Speaker
IMPACT AND CLEARLY CHANGED AT&T AND A GM TELL ME HOW EACH CHANGE TO. HOW DO YOU THINK HOW DID YOU LEAVE AT&T DIFFERENTLY THAN WHEN YOU CAME IN? I HAD...
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| 00:56:01 |
Unidentified Speaker
BY NOW? >>Guest: NOT
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| 00:56:04 |
Unidentified Speaker
TECHNICALLY BUT I KNOW A LOT MORE NOW THAN I DID AND I NOTICE ON THE ROAD SO FROM THAT STANDPOINT. >>Host: WHAT YOU
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| 00:56:17 |
Unidentified Speaker
DRIVING? >>Guest: CP AS THE CADILLAC. I'VE OF IT. >>Host: THANK YOU
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| 00:56:33 |
Unidentified Speaker
ED WHITACRE "AMERICAN TURNAROUND" REINVENTING AT&T AND GM AND THE WAY WE DO BUSINESS IN THE USA." >>Guest:
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| 00:56:42 |
Unidentified Speaker
IT HAS BEEN MY PLEASURE, STEPHANIE. THANK YOU VERY MUCH. PLEASURE, STEPHANIE. THANK YOU VERY MUCH. [APPLAUSE] WE
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NOTE: The transcript for this program was compiled from uncorrected Closed Captioning.