Tony Pasquarello
Showing 16–16 of 16 transcripts.
- Goldman Sachs20 min
Ken Langone on Values, Culture and Founding The Home Depot
Following a Wall Street career marked by military service and the collapse of his first venture, Ken Langone co-founded Home Depot in 1974 with former J.C. Penney executives Bernie Marcus and Arthur Blank, providing the crucial $2 million seed capital and strategic guidance that propelled the retailer to a $230 billion market capitalization. Langone attributes the company's return of $110 billion to shareholders to an "inverted triangle" management philosophy that empowers frontline employees to drive innovation, a cultural model he continues to advocate for at NYU Langone Medical Center. This approach balances strict ethical accountability with a deep commitment to respect and recognition, allowing individual initiative—such as the successful implementation of store-level display experiments—to flourish without fear of punishment.