Dry Powder: The Private Equity Podcast How to Recruit and Retain a Team of All-Stars w/ Bain Capital’s Stephen Pagliuca
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Aug 31, 2023 Stephen Pagliuca, executive at Bain Capital, discusses recruiting and retaining a team of all-stars, emphasizing servant leadership, long-term planning, and team-centric culture. The significance of fostering a respectful culture in the private equity sector is explored, along with the impact of ESG on future strategies. They also talk about changing societal values and the need for businesses to adapt.
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Teamwork Over Individual Achievements
- Teamwork beats individual performance for winning success in sports and business alike.
- Long-term leadership and support create championship teams and investment returns.
Long-Term Faith In Management
- After a losing season with injuries, the Celtics stuck with their management and won a championship the next year.
- The team maintained continuity with only a few long-term coaches and general managers in 20 years.
Practice Servant Leadership
- Embrace credible servant leadership and long-term planning to build successful teams.
- Leaders should look in the mirror and take responsibility instead of blaming the team when things go wrong.