Kaminsky's Call: Top Reasons To Watch Pete Rose
Morgan Stanley, Vice Chairman
Top Ten Reasons You Need To Watch Pete Rose on The Strategy Session Today:
10. Rose is the CEO of Expeditors International of Washington , a member of my "One-Decision Stock Club," and has been so for 22 years.
9. When investors pressed Rose to cut jobs to improve the top line after 2008, he refused, ensuring 12,300 jobs in the process.
8. The culture Rose has created is unique, one without conference calls, analyst reports, or equity offerings.
7. When EXPD went public with its IPO in 1984, they spent none of the proceeds.
6. Rose and EXPD have turned away countless suitors for their business, proud to say, "We're not for sale."
5. Rose and EXPD's 8K's have become widely known for their wacky nature, including one that compared all business matters to hockey.
4. Rose encouraged business in China in the early 90's, before the masses' rush, and now operates 53 offices there.
3. Rose knows how to integrate deals the right way.
2. Rose is one of the most dynamic CEO's I have ever known.
1. This will be my last show before I take my oldest son to Chapel Hill for his freshman year.
Enjoy The Strategy Session in the hands of my colleague, David Faber, and these days of summer as the end of the season nears. The K-Call will return Monday, August 30th. But first, let's watch and learn from one of the masters of business leadership today in Peter Rose.
Programming note: "The Strategy Session," hosted by David Faber and Gary Kaminsky, airs weekdays at Noon ET on CNBC.
Gary Kaminsky does not hold any equity positions.
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