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Motley Fool Money
Intangible Greatness
Apr 6, 2024
Former CEO of Ashley Stewart, James Rhee, shares insights on turning around a retailer for plus-sized black women, leading with kindness, rewiring accounting principles, and the significance of goodwill in business. He discusses the discrepancies between real-world goodwill and accounting goodwill, promoting values of agency and accountability in business and society.
28:53
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Quick takeaways
- Kindness is essential for effective corporate leadership, emphasizing empathy and honesty in decision-making.
- Redefining assets and liabilities challenges traditional accounting principles, highlighting the need for a 'lemonade stand economics' approach.
Deep dives
Challenging Conventional Leadership Norms with Kindness and Math
The podcast episode delves into James Reid's new book, 'Red Helicopter', which advocates for leading change through kindness and mathematical honesty. Reid, a former CEO, shares lessons learned from his time at Ashley Stewart, focusing on the importance of kindness in corporate leadership. He emphasizes the need for truth-seeking and kindness in navigating challenging business situations, highlighting the power of empathy and honesty in decision-making.
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