Dry Powder: The Private Equity Podcast
How to Recruit and Retain a Team of All-Stars w/ Bain Capital’s Stephen Pagliuca
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.
15:43
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Quick takeaways
- Recruiting and retaining all-star talent in the private equity industry requires creating a culture that values teamwork and aligns compensation with contributions.
- ESG considerations, driven by societal change and the new generation's values, are becoming increasingly important in the private equity industry.
Deep dives
Building a Winning Team
Steve Paliukka, a senior advisor at Bing Capital, shares his insights on building a winning team. He emphasizes the importance of teamwork and leadership skills in both sports and business. Drawing from his experience with the Boston Celtics and Atalanta soccer club, Steve highlights the value of having a long-term perspective, sticking to a plan, and supporting the players. In business, he suggests that leaders need to have a thick skin and not be swayed by short-term opinions. The key is to attract and retain all-star talent by creating a culture that values teamwork and aligns compensation with contributions.
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