Episode 22: Steve Starks on selling the Jazz, wealth vs. happiness & DWade coming to Utah
May 25, 2021
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Steve Starks, former president of Utah Jazz, discusses work-life balance, mental health, learning from Larry H. Miller, and the myth that money equals happiness. The sale of the Jazz and the importance of finding the right buyer are also discussed. The podcast explores Gail's philanthropic efforts and the transition of leadership in Utah for progress and inclusivity.
True happiness comes from within and is not dependent on external circumstances or material possessions.
The podcast aims to foster compassion and emotional well-being by highlighting the similarities between ordinary people.
Steve Starks credits his close-knit family's strong bond to their parents' teachings of togetherness, openness, and deep conversations.
Deep dives
Importance of Managing Expectations
The podcast episode emphasizes the danger of putting too much hope in external factors like money or material possessions, such as a dream house, to bring happiness and fulfillment. Studies show that people often experience a decrease in happiness after obtaining something they believed would bring them joy. The main message is that true joy and contentment come from within and are not dependent on external circumstances.
Purpose of the Podcast
The podcast aims to remind listeners that despite our differences, we are all ordinary people capable of extraordinary things. It seeks to share stories from various individuals to highlight the similarities between us and cultivate compassion and emotional well-being. The host expresses concern about the emotional toll that the past year has taken on individuals and hopes that the podcast will encourage a more compassionate and less judgmental approach towards others.
Close-knit Starks Family
The podcast features an interview with Steve Starks, CEO of the Larry H. Miller Group, who discusses his close-knit family and attributes their strong bond to their parents' teachings. He explains that his parents fostered togetherness and openness in their home, encouraging deep conversations and vulnerability. The Starks siblings, including Steve, maintain a close relationship despite their differences. Steve credits their upbringing for their love and support for each other.
How Steve Starks Joined the Larry H. Miller Companies
Steve Starks reveals how he began his journey with the Larry H. Miller Group. After college, he initially worked in politics, running campaigns for political candidates. He later joined the transition team for Governor Jon Huntsman and was involved in a project to improve state government efficiency and effectiveness. Larry Miller, impressed by Starks' work, offered him a position within the company, despite the undefined role and salary. Starks accepted the opportunity, drawn to Larry Miller's character, values, and vision.
Larry Miller's Legacy and Lessons
The podcast delves into Larry H. Miller's character and leadership style. It highlights his authenticity, vulnerability, and commitment to doing what was right. Although initially deemed a tough leader, his employees respected and didn't leave the company due to the genuine love and fair treatment they felt from him. Larry Miller's unorthodox intelligence, risk tolerance, and focus on numbers also contributed to the company's success. Overall, Larry's enduring legacy lies in his genuine care for others, values-driven leadership, and desire to do right by his employees and the community.
Steve Starks, CEO of the Larry H. Miller Group of Companies and former president of the Utah Jazz joins Jeff on this third episode of season 2 of Extraordinary US. We discuss work balance, mental health, what Steve learned from Larry H Miller, new owner of the Utah Jazz Ryan Smith, and the myth that money equals happiness. It’s only when we allow ourselves to live in the moment and acknowledge the many blessings surrounding us that we experience true wealth.
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