Showing posts with label CNBC. Show all posts
Showing posts with label CNBC. Show all posts

26 January 2008

A word or two about Revenge

In my last post, Trump Traits, I included a list of traits as defined by CNBC on their series The Millionaire Inside about Donald Trump's Traits to Success. One of the traits listed, REVENGE, seems to be one that needs a little more defining.

In the TMI episode, Donald Trump said this of Revenge:
"There are a lot of bad people out there..if you have a problem with someone you have to go after them. And it's not necessarily to teach that person a lesson, it's to teach all of the people that are watching a lesson, that you don't take crap. And if you take crap you're just not gonna do well. So Be sharp, Be Smart. It's all about this (points to his head/brain) you have to have this to start off with. But you can't take a lot of nonsense from people. You have to go after them. I have always believed it."

My definition of Revenge goes a little like this:
There will always be people that will say you can't do it. That you don't have the pedigree, education, or the connections to do what others have done. I say that it is up to you to reach deep down inside and say to yourself that you are better than what others say about you. Always remember that every morning you wake up with yourself and the only person you have to impress is yourself. You be a better person today than you were yesterday and everything is good. By being better than yesterday you will soon find yourself doing much better than anyone expected or believed.

After all, isn't doing it your own way and humbling people along the way the best revenge?

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20 January 2008

Trump Traits

A couple of months ago a blog post titled "Rhythm is the Power" was about what Joseph Jaffe, Duran Duran and Donald Trump have in common. This week I was cleaning out the TIVO and ran across an episode of the CNBC's The Millionaire Inside with Donald Trump as the only guest. In the episode he mentioned key points that were critical to what he saw as success.

Now we can all sit here and say "Well, he can afford to follow the traits because he has millions to fall back on should something go wrong." While that may be true, you and I cannot let that kind of thinking hold us back. If we cannot totally wrap ourselves around these "Trump Traits" then we are doomed to "working for the man" until we retire believing that spending more hours in office will define our legacy. I personally do not see my legacy as a plaque on a desk that reads "Dave sat here for 20 years, did his job, and never asked for a new chair."

I see my legacy as one that my children and their children will pass on to their kids. So as I watched that episode of Millionaire Inside nee Billionaire Inside, the things that he talked about were concepts and ideas that are rooted in common sense. Just like Tom Peters, Dr. Stephen Covey, and others like them, teach the use of common sense is the prime factor for success. No need to get fancy and paint a pretty "touchy, feely" picture of success because they don't work unless of course, the picture is painted on a canvas based on common sense. So as the show progressed it was interesting to see that as The Donald got into talking about the path to his success he kept underscoring (albeit covertly) the role common sense played in his success. While I am not saying anything new, I am saying what others, to include Trump, have said over and over again.

Therefore, for many of us, we now have to ask; How long will it take to ensure that these "Trump Traits" sink into our thick noggins? How often do we have to be told these things? Then how long before we make that change? The answer my friends is real simple: AS LONG AND AS OFTEN AS IT TAKES.

Here are the Trump Traits as mentioned in the CNBC series: The Millionaire Inside
  • Find Your Passion
  • Be Tenacious
  • Don't Fear Risk
  • Revenge Can Be Good (don't take crap from people)
  • Know Your Subject
  • Negotiate Face to Face
  • Build Your Brand (by being persistent)
  • Get in the game (Real Estate...hmmmm)
  • Think Globally (the world is truly flat)
  • Negotiate a new deal
  • Have a killer idea
  • Implement your idea well
  • Have Confidence
  • Never Lose Focus
Each one of these traits has had volumes written about them. So I will not get too much into them now but I will revisit them from time to time. However, between now and then I invite you to think about this list and see how they apply to you and your situation. Also, figure out how by applying the traits you can create a legacy that can be passed along to future generations.

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12 July 2007

One Bad Organic Apple or One Bad Organic Narcissist

Yesterday on CNBC, I heard about the CEO of "Whole Foods Market posted messages on a Yahoo! chat forum under an alias for years, talking up his own company while predicting a bleak future for Wild Oats Markets, the rival it has since sought to acquire." (CNBC.com, 2007)

It seems that this guy took a play on his wife's name and made it his screen name. Then he proceeded to rip apart Wild Oats Markets while under that other persona.

What was this guy thinking?

He had a great thing going on at Whole Foods and he shot himself in the foot. Seems like some people are not happy unless they are stirring the pot. I personally LIVE for the stirring the pot. However, I do it when it has to be done and not for the sake of just doing it.

Moving on, so you ask how did he shoot himself in the foot?
Well it seems that he wants Whole Foods Market to acquire Wild Oats Markets. OK, so what's the big deal one company wants another company? The big deal is that this guy got caught making statements about a company that he wants to acquire. Why? To drive down the value thus drive down the price.

Isn't this the American way?
It may have been in your father's day but in a post- Enron world you can bet your ass it ain't the American Way. The American Way is to be open, transparent, and be above board with everything you do. Failing to do that, as John Mackey is finding out will lead him down a difficult path. The FTC has sued to prevent the acquisition from going through. Whole Foods Markets stakeholders, both internal and external, are wondering if his actions were illegal because they most certainly were unethical.

So where is the narcissism?
This guy really thought he would not get caught. Now that he is caught he acts like the FTC trapped him, was out to get him, and he should not be held accountable for the something he wrote in private. He event as far as saying "posted on Yahoo! under a pseudonym because I had fun doing it. Many people post on bulletin boards using pseudonyms."(CNBC.com, 2007) Sounds like he truly believes he has done nothing more than have a little fun. Meanwhile, this just proves that one bad ORGANIC apple does spoil the whole bunch.

Nice try buddy, next time how about recruiting some of the competition's customers and let them sink that ship, if it is as bad as you say.

You can check out the story at: http://www.cnbc.com/id/19700361