
Welcome to the Arena from ICR – Conversations with Today's Innovators & Business Leaders
In the increasingly crowded and competitive corporate and financial ecosystem, it’s harder than ever for companies to break through the clutter and be heard. The media, investors, agenda-driven influencers, even customers and competitors, are defining your business story on their terms. Therefore, it is imperative that companies take control and proactively drive the conversation with stakeholders in an effort to build & maintain equity value.
In Welcome to the Arena from ICR, Co-Founder & CEO of ICR, Tom Ryan, interviews key business and financial players who influence the fate of public or aspiring public companies in the capital markets. As a former Wall Street Journal ranked sell-side equity analyst and the founder of one of the largest strategic communications firms in the world, Tom understands what it takes to navigate this complex environment.
This is a forum for CEOs, CFOs, institutional investors, sell-side analysts, financial journalists, private equity professionals and other financial community participants to share their stories and give advice in an open and candid conversation.
For more information, visit http://www.icrinc.com
Latest episodes

Jul 2, 2025 • 25min
Michael Benstock, Chairman and CEO, Superior Group of Companies – Through Adversity with Diversity: Building recession-resilience using smart acquisitions
Investors often talk about the desire for companies to diversify. Well, you'd be hard pressed to find a firm who's done that better than the Superior Group of Companies (SGC), which operates in three distinct buckets: healthcare apparel, branded products and contact centres. Our guest today is Michael Benstock, the Chairman and CEO of SGC. Michael takes us through the evolution of SGC since its founding more than a century ago, and its successful diversification efforts over the years. We also discuss SGC's adeptness at pivoting, as well as their commitment to service quality, advanced technology, and omnichannel commerce. Highlights:The SGC Story (1:51)Michael's journey (4:40)SGC's Global Footprint (6:03)Total Addressable Markets (8:25)Pivoting (11:32)Acquisitions (13:43)Leveraging tech (16:13)Divestment (19:29)Philosophy on Capital Allocation (20:34)Legacy (22:26) Links:Michael's LinkedInSGC LinkedInSGC WebsiteICR LinkedInICR TwitterICR Website Feedback:If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, joe@lowerstreet.co.

Jun 25, 2025 • 24min
Christopher Ruddy, CEO, Newsmax – Breaking News: How an independent digital outlet grew into a global multimedia empire
Summary: At this point, most Americans will probably be familiar with the media company, Newsmax. Their political slant has garnered the company its fair share of criticism, but their growth in recent years has been undeniable. Chris Ruddy is the CEO of Newsmax Media, which trades under the symbol NMAX. Chris began his career as a journalist at the New York Post and Pittsburgh Tribune-Review before founding Newsmax in 1998. Since then, it's grown into one of the nation's leading broadcasting and digital media companies. Chris joins us today to talk about the public perception of NewsMax, the rationale behind their recent IPO and their plans to leverage their massive reach into future growth. Highlights:Founding Newsmax (2:06)Product offerings and reach (3:14)Political leanings (5:23)Attracting younger viewers (8:14)IPO (9:59)Capital allocation (11:16)Avenues for growth (12:24)Podcasting (14:38)International expansion (15:52)AI (18:21)What do investors get wrong about Newsmax? (19:34) Links:Christopher Ruddy LinkedInNewsmax LinkedInNewsmax WebsiteICR LinkedInICR TwitterICR Website Feedback:If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, Joe@lowerstreet.co.

Jun 18, 2025 • 32min
Julie Masino, President & CEO, Cracker Barrel – Leveraging Legacy: Fusing tradition with transformation to drive growth (Re-broadcast)
Back in January, we had on Julie Masino, the President and CEO of Cracker Barrel, who walked us through her strategy for transforming the brand, and gave great insights into general trends in the restaurant industry. Since it's summer time, and patio season is in full swing, we thought now would be a good time to revisit this gem. Summary: What does it take to revitalize a legacy brand, while maintaining its identity? By balancing tradition and transformation, any company can breathe new life into its business and consistently evolve to meet the changing expectations of customers and employees alike.Today's guest is Julie Masino. Julie is President and CEO of Cracker Barrel, a role she took on just over a year ago in November of 2023. Since then, she's led the company with a focus on innovation and growth drawing on her over 30 years of experience in the restaurant and retail industries. Previously, Julie served President of International at Taco Bell and before that, President of North America. She's also held senior leadership positions at Sprinkles Cupcakes, Mattel, Starbucks, and began her career at iconic brands like Godiva, Coach, J. Crew, and Macy's. In this episode, Julie shares her vision for the brand and the five-pillar transformation strategy she is implementing aimed at enhancing market share, guest experience, and profitability.Highlights:Julie explains the opportunity she saw for Cracker Barrel (2:58)Julie's fiver pillar strategy for Cracker Barrel's transformation (4:25)Why dinner remains a key area for increasing market share (9:23)What updates are being made to Cracker Barrel's pricing strategy? (12:39)Improving facilities and team satisfaction (15:44)Julie highlights the metrics correlated with sales growth (18:48)Digital and off-premises growth (23:00)How Cracker Barrel is engaging younger consumers (27:05)Links:Julie Masino on LinkedInCracker Barrel on LinkedInCracker Barrel WebsiteICR LinkedInICR TwitterICR WebsiteFeedback:If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, marion@lowerstreet.co.

Jun 11, 2025 • 16min
Dash Miller, Attitude of Gratitude – From Grief to Giving Back: How one teen is using LinkedIn to honor his brother's legacy
Dash Miller may not be a CEO, but like many of the people we feature on this show, he is a true leader, he has a vision, and he's executing on his plan.Sometimes life forces you to grow up quickly, and that's exactly what happened to Dash. He lost his 16-year-old brother Callum after a five year battle with cancer. And out of that tragedy, dash started a unique corporate outreach campaign on LinkedIn making inspiring and grateful videos about companies that touched his family's life while Callum was in treatment.Dash joins us to discuss the inspirations behind the campaign and the incredible responses he's received from both individuals and companies.Highlights:Callum's Story (2:16)Dash' work at UCSF (2:58)Dash' work with LLS (4:08)Why LinkedIn? (5:23)Biggest Challenges (7:33)Nestlé (9:55)Hasbro (10:50)What's next? (12:19)Links:Dash Miller LinkedInFundraiser WebsiteICR LinkedInICR TwitterICR Website Feedback:If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, joe@lowerstreet.co

Jun 4, 2025 • 26min
Stuart Haselden, CEO, Arc'teryx – Built to Last: How authenticity strengthened Arc'teryx’s brand and customer loyalty (re-broadcast)
Summary: Back in February, we were joined on the show by Stuart Haselden, CEO of outdoor apparel company, Arc'Teryx. Hearing about his retail philosophy and personal story was absolutely fascinating, so we decided to revisit the episode for listeners who may have missed it the first time around. You’ve heard it before: "The customer is always right." For many businesses, that’s sound advice. But for premium brands, the road to success often takes a different route. Rather than reacting to every shift in demand, it’s about staying rooted in a philosophy: delivering quality, staying authentic, and fostering relationships that stand the test of time. Today’s guest has fully embraced this approach, leveraging his brand’s strengths to set a new standard of excellence in the technical apparel market. Stuart Haselden has been the CEO of Arc'teryx since 2021 and brings over 20 years of global experience in retail and premium brands to the company, having worked in North America, Europe, Asia, and Australia for brands such as Away Travel, Lululemon, J.Crew, and Saks Fifth Avenue. His career began in the United States Army where he served as a Cavalry Officer—a defining experience for him that has shaped his views on leadership. It was also the beginning of a lifelong love of mountain and alpine sports, as Stuart learned to ski in the Austrian Alps while stationed in Germany. In this episode, Stuart shares how Arc'teryx has expanded its direct-to-consumer model while preserving the brand’s authenticity. He explains how a relentless focus on performance and innovation has fueled the company’s growth and set it apart in the competitive technical apparel space. Stuart also talks about the leadership strategies that have guided Arc'teryx’s evolution—and how they’re shaping its future. Highlights:Background on Arc'teryx and the road to becoming a premium brand (2:43)Stuart's history in retail and how he was introduced to the opportunity at Arc'teryx (4:19)Stuart discusses Arc'teryx's position in the Amer Sports portfolio (7:18)Competition in the technical apparel field and what differentiates Arc'teryx (8:35)Stuart describes how Arc'teryx maintains its authenticity while it grows (10:17)How Arc'teryx evolved from a retail model to a direct-to-consumer approach (13:07)Current scale of the business (15:15)Stuart discusses future expansion opportunities (16:55)The senior team at Arc'teryx (18:43)Stuart's management style and the leadership techniques he learned from Mickey Drexler (20:37)Stuart's predictions for retail in 2025 (20:54)Arc'teryx's unique sustainability efforts (21:54)How Arc'teryx adapts its retail spaces when entering new communities (23:21) Links:Stuart Haselden on LinkedInArc'teryx on LinkedInArc'teryx WebsiteICR LinkedIn ICR Twitter ICR Website Feedback:If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, marion@lowerstreet.co.

May 28, 2025 • 25min
Andy Rothman, Founder and CEO, Sinology – Ignorance is Not Bliss: Why American firms can't just ignore China
Given the new administration's tariff policy and the global unease we've seen in recent months, we felt it was a good time to pick the brain of someone who's spent decades studying China's economy and its evolving relationship with the United States.Andy Rothman is the founder and CEO of Sinology, a consulting firm that provides advice to institutional investors and companies on the opportunities and risks presented by China's economy and on the impact of changes in US China relations. Previously, Andy spent 11 years working as China strategist for Matthews Asia, one of the largest active US based investors in China's equity markets. That comes after a 17-year China-focused career as US foreign service officer that included serving as the Taiwan desk officer at the State Department in the mid-nineties, and serving as head of the Macroeconomics and Domestic Policy Office at the American Embassy in Beijing. Andy shares his thoughts on the current trade dispute and the economic situation within China, and discusses what he's heard from Chinese business people and political officials during recent visits to the country. Highlights:Andy's history with China (1:57)The situation within China (4:08)Exports vs. domestic demand (7:09)Where negotiations go from here (8:41)Supply chain impacts (11:29)The tech race (13:33)Taiwan (14:48)Consumer sentiment in China (16:40)China's demographic challenges (20:07)China's capital markets (21:19)Planning for the future (22:45) Links:Andy Rothman LinkedInSinology WebsiteICR LinkedInICR TwitterICR Website Feedback:If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, marion@lowerstreet.co.

May 21, 2025 • 27min
Chris Constant, CEO, Getty Realty – No Vacancy: Building a real estate empire, one convenience store at a time
When you stop to fill up your car with gas, you might also pop into the store to grab a quick bite, or a gatorade, or that carton of milk you forgot to get at the supermarket. One company has managed to leverage that common retail experience into a real-estate empire.Chris Constant is the president and Chief Executive Officer of Getty Realty Corp, which trades under the symbol GTY on the New York Stock Exchange. Chris joined the company in November of 2010 as Director of Planning and Corporate Development, and was later promoted to treasurer in May of 2012, Vice President in May of 2013, CFO also in 2013 and CEO in 2016. Today, Chris walks us through the surprising origins of Getty Realty, discusses developments in the convenience store and automotive sectors, and explains why Getty has found such incredible success working with those industries. Highlights:Getty Realty origins (4:50)What's a 'Net Lease REIT?' (7:07)Why C-stores and Auto-service? (8:00)How convenience stores have changed (9:48)Getty's advantage in the market (11:25)Sourcing new assets (12:48)Occupancy and rent (15:07)Potential for growth in other sectors (16:40)Uncertain macro environment (18:13)Impact of EVs (20:25)Dividends (21:49)What people miss about Getty (23:32)Links:Chris Constant LinkedInGetty Realty LinkedInGetty Realty WebsiteICR LinkedInICR TwitterICR Website Feedback:If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, marion@lowerstreet.co.

May 14, 2025 • 26min
Adam Goldenberg, Co-founder and CEO, Fabletics – Form Fitting: How to curate individualized retail experiences
When you're shopping for clothes, there's a checklist of things you look for: you want them to look and feel good, you want them to last a long time, you might want them ethically and sustainably sourced, and probably most importantly, you don't want them to break the bank. In 2011 one active wear company emerged that ticked pretty much all those boxes. Adam Goldenberg is the CEO and co-founder of Fabletics. Adam is a seasoned entrepreneur and leader in the e-commerce industry with a proven track record of building multiple-billion dollar brands. In fact, alongside co-founder Don Ressler, Adam has generated over $10 billion dollars in sales through his company, TechStyle Fashion Group, which in addition to Fabletics, has launched other digitally-native fashion brands like Savage X Fenty, Just Fab, Fab Kids, Shoedazzle and Yitti. Adam launched his first company at 16, at 19 he became the youngest ever COO of a public company. He joins us to share his thoughts on e-commerce, customer retention, sustainability, and opportunities to grow the Fabletics brand. Highlights:Fabletics origins (2:50)Fabletics' customer base (4:48)Tech and personalization (5:55)Celebrity partnerships (7:32)Membership model (8:37)E-commerce vs. Brick and mortar retail (11:23)Amazon (13:54)Plans for growth (15:27)Sustainability (19:09)Lesson's learned (20:58)What's next for Fabletics (23:19)Links:Adam Goldenberg LinkedInFabletics LinkedInFabletics WebsiteICR LinkedInICR TwitterICR Website Feedback:If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, marion@lowerstreet.co.

May 7, 2025 • 28min
Jereme Kent, Founder and CEO of One Power Company — High Voltage: Bringing America's electrical grid into the 21st century
The world has changed a lot in the last century, but it might surprise you to learn that the US power grid has remained pretty much the same. In this country, energy is by and large controlled by regional utilities with de-facto monopolies, and no real incentive to innovate. That inertia impacts the entire economy, as industrial projects are starved of the power they need to get off the ground. Jereme Kent is the founder and CEO of One Power Company. Under his leadership, One Power is trailblazing the creation of the customer-centric power grid of the future. Before founding One Power in 2009, Jereme led the construction of some of the world's premier wind projects. As a field engineer, erection superintendent and site manager, he has overseen more than a billion dollars in wind turbine construction. Jereme joins us to discuss how and why current US power infrastructure is falling short, and how the One Power model could both energize and decarbonize America's efforts to re-industrialize. Highlights:The state of the grid (3:09)Why we need fixes now (7:04)One Powers services (9:03)Vertical Integration (11:30)Digital Substations (13:54)Fundamental Industries (15:20)Sustainability (16:55)Net Zero (19:45)10 year outlook (21:02)Culture of innovation (23:36)One Power's priorities (25:30)Links:Jereme Kent LinkedInOne Power LinkedInOne Power WebsiteICR LinkedInICR TwitterICR Website Feedback:If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, marion@lowerstreet.co.

Apr 30, 2025 • 25min
Dan Galpern, CEO, DanceOne – Making Moves: What it takes to build a global dance juggernaut
Summary: We may not talk about them the same way we talk about basketball or baseball players, but make no mistake, dancers are elite athletes. Their training is intense, and the competition is fierce. And with Breakdancing at the Olympics, dance content flooding TikTok, and dance competition shows all over TV, there's never been more interest in the art-form. So how do you take that global phenomenon, and harness it into a global business? Dan Galpern is the CEO of DanceOne. In 2023, the company was formed out of the merger between Break The Floor Productions and Star Dance Alliance, and it has become the premier producer of educational and competitive dance events, as well as the largest family of dance brands in the world. Dan joins us to discuss DanceOne's plans for future expansion and growth, and how their global community is raising up the next generation of world-class dancers. Highlights:The origins of DanceOne (3:48)Path from investor to CEO (5:41)DanceOne infrastructure (6:46)Building the DanceOne experience (8:11)The global appeal of dance (9:20)DanceOne event offerings (10:30)Growth opportunities (11:43)The power of dance (15:29)The DanceOne community (17:52)Goals for the future (20:00)Links:Dan Galpern LinkedInDanceOne LinkedInDanceOne WebsiteICR LinkedInICR TwitterICR Website Feedback:If you have questions about the show, or have a topic in mind you'd like discussed in future episodes, email our producer, marion@lowerstreet.co.