Founders cover image

#61 Malcom McLean: The Box: How the Shipping Container Made the World Smaller and the World Economy Bigger

Founders

00:00

Malcolm McLean's Leveraged Buyout

Malcolm McLean created an entirely new company to circumvent rules requiring ICC approval for a truck line to own a ship line. He cleared $14 million in the sale of McLean Trucking, his net worth in 1995, which $25 million are the equivalent of $220 million today. The country's best known trucking magnet walked away from the business he had built in order to build a new one based on some untested idea about shipping.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app