Founders

#327 Ted Turner

397 snips
Nov 14, 2023
Explore the duality of triumph and turmoil in founders' lives, particularly through Ted Turner's challenging journey from tragedy to media mogul. Discover how he revolutionized broadcasting with the launch of CNN, navigating fierce competition and legal battles. Delve into the crucial importance of hiring, featuring insights from industry titans like Warren Buffett and Steve Jobs. Plus, learn how a founder's personality shapes company culture and the strategies needed for successful recruitment.
Ask episode
AI Snips
Chapters
Books
Transcript
Episode notes
ANECDOTE

Ted's Father's Rise and Fall

  • Ted Turner's father built Turner Advertising into one of the South's largest billboard companies through a merger.
  • After the merger, his father's mental health declined, leading to his suicide.
ANECDOTE

Ted's Inheritance and Growth

  • Ted Turner inherited his father's company at 24, growing it from $15 million to an $8 billion sale to Time Warner.
  • Later, his Time Warner stock reached $10 billion before dropping $8 billion over two and a half years.
ADVICE

Business Lessons from Ted's Father

  • Learn business principles through hands-on experience and illustrative stories.
  • Adopt the motto "Early to bed, early to rise, work like hell, and advertise."
Get the Snipd Podcast app to discover more snips from this episode
Get the app