AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
The Challenges of Going Public as a CEO
As the company did better, as I assume responsibility, my father kept trying to sell the company. By his 30th birthday, which is 1968, the company was worth something like $120 or $150 million. At first, the stock opened at $20 a share and by the end of the first month in February of 1968, it was selling at something like $38 or $40. And we were intent on trying to keep the same beat up of growing earnings at an unsustainable rate of 50% a year.