Innovation and Leadership with Jess Larsen

The Incredible Business Turnaround of Prologis

Feb 1, 2024

Walt Rakowich, a seasoned executive, shares his inspiring journey of leading Prologis from the brink of bankruptcy to an astounding $80 billion valuation. He emphasizes the power of strong management teams and the necessity of trust in turbulent times. Walt discusses insights from his book, "Transfluence," focusing on partnership and purpose as keys to success. He also explores the impact of rising interest rates on real estate and how innovation can redefine industry standards, offering valuable lessons for current and aspiring leaders.

47:32

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Episode guests

Walt Rakowich

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Episode notes

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Quick takeaways

Walt Rakowich illustrates how a strong management team and teamwork are essential for successfully navigating a company's turnaround from crisis to stability.

He emphasizes the significance of transparency and trust in leadership, which fosters strong relationships and mitigates risks during challenging times.

Deep dives

Turning Around a Stagnant Company

The discussion centers on the challenges faced by leaders when taking over struggling companies. Walt Rakowich describes the moment he was asked to return as CEO of Prologis when the company had hit rock bottom, with its stock price plummeting to $2 and a total market cap reduced to $500 million. Despite the daunting task ahead, he emphasizes that these difficult experiences ultimately serve as crucial learning opportunities for leaders. The significance of relying on a strong and capable management team is highlighted, illustrating how collaboration can lead to successful turnaround strategies.

Intro

2min

Leadership in Times of Crisis

11min

Innovative Construction: Redefining Tiny House Building with Non-Traditional Materials

4min

Real Estate in a Rising Rate Environment

24min

Navigating Asset Valuation Risks in Financial Negotiations

2min

Navigating Financial Instability with Trust and Leadership

4min

Explore leadership and resilience with Jess Larsen as he hosts Walt Rakowich, the seasoned executive who steered Prologis from the brink of bankruptcy to $80 billion in value. Walt shares the harrowing yet triumphant tale of navigating one of the most challenging periods in the company's history, confronting fears, and the pivotal role of a strong management team.

Walt touches upon his book, "Transfluence," which delves into the leadership philosophies that guided him through tumultuous times. Hear firsthand how partnership, purpose, and people played a central role in the company's dramatic recovery and how his strategies can inspire current and aspiring leaders.

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