1 00:00:02,520 --> 00:00:07,000 Speaker 1: Bloomberg Audio Studios, podcasts, radio news. 2 00:00:07,960 --> 00:00:11,680 Speaker 2: You're listening to Bloomberg Business Week with Carol Masser and 3 00:00:11,760 --> 00:00:14,160 Speaker 2: tim Stenoveek on Bloomberg Radio. 4 00:00:14,640 --> 00:00:18,319 Speaker 1: Maybe I'm just kind of excited because we have a 5 00:00:18,600 --> 00:00:20,720 Speaker 1: super favorite person in town. 6 00:00:20,800 --> 00:00:21,840 Speaker 3: She's normally in London. 7 00:00:22,560 --> 00:00:25,680 Speaker 1: She has known all over the world for her coverage 8 00:00:25,680 --> 00:00:30,160 Speaker 1: of food, beverage and restaurants. Knows that space so well. 9 00:00:30,240 --> 00:00:32,960 Speaker 1: But now CEOs are also dishing it out to her. 10 00:00:33,200 --> 00:00:35,880 Speaker 2: We're talking about Kay Creator. She's Bloomberg Pursuits Food editor. 11 00:00:36,040 --> 00:00:38,640 Speaker 2: She's behind the CEO Diet. It's a monthly series in 12 00:00:38,960 --> 00:00:41,560 Speaker 2: Bloomberg Business Week in which executives from around the world 13 00:00:41,560 --> 00:00:44,959 Speaker 2: tell Kate how they manage their time in You love 14 00:00:45,120 --> 00:00:46,000 Speaker 2: out of the office. 15 00:00:46,240 --> 00:00:46,840 Speaker 4: It is fun. 16 00:00:46,920 --> 00:00:48,120 Speaker 3: It's become really fun. 17 00:00:48,159 --> 00:00:51,440 Speaker 4: You feel like there you feel like a CEO therapist, psychiatrist, 18 00:00:51,520 --> 00:00:53,400 Speaker 4: like telling you. You know, they're telling you, like how 19 00:00:53,440 --> 00:00:55,320 Speaker 4: they get through their day, what their size. 20 00:00:55,480 --> 00:00:58,520 Speaker 2: Some of them are taking mushrooms. That's what I like. 21 00:00:58,560 --> 00:01:01,120 Speaker 2: I had to google those mushrooms. Those are the legal 22 00:01:01,200 --> 00:01:03,840 Speaker 2: kind of mushrooms. Yeah, exactly that you wrote about with 23 00:01:03,880 --> 00:01:04,600 Speaker 2: this one CEO. 24 00:01:04,840 --> 00:01:09,119 Speaker 3: Yeah, he was the true true I think that's right. 25 00:01:09,200 --> 00:01:11,280 Speaker 4: Yeah, that's exactly right. And I think what was that 26 00:01:11,280 --> 00:01:13,960 Speaker 4: that was? Like, how what was that his meditation? 27 00:01:14,280 --> 00:01:16,200 Speaker 2: Yeah, that was how he psyched up for a big 28 00:01:17,640 --> 00:01:18,399 Speaker 2: for a big moment. 29 00:01:18,440 --> 00:01:20,320 Speaker 3: Oh my god, him, you're gonna have to become the 30 00:01:20,400 --> 00:01:21,360 Speaker 3: editor of CEO. 31 00:01:21,200 --> 00:01:21,880 Speaker 4: Diet now. 32 00:01:23,840 --> 00:01:26,360 Speaker 2: Really stuck with me because some of them need to 33 00:01:26,400 --> 00:01:27,640 Speaker 2: get pretty candid. 34 00:01:27,440 --> 00:01:27,560 Speaker 1: You know. 35 00:01:27,600 --> 00:01:29,960 Speaker 4: It's one was a big like it was. It was 36 00:01:30,000 --> 00:01:32,000 Speaker 4: actually kind of fun also because it came with a picture. 37 00:01:32,240 --> 00:01:34,320 Speaker 4: We did a really good one a couple of months ago. 38 00:01:34,400 --> 00:01:37,080 Speaker 4: Like what was your first job and what did you 39 00:01:37,200 --> 00:01:41,120 Speaker 4: learn from it? And David Solomon his first job was 40 00:01:41,160 --> 00:01:44,959 Speaker 4: scooping ice cream in New Jersey, New York, No. In 41 00:01:44,959 --> 00:01:49,080 Speaker 4: the Westchester County at Bascom Robbins, and he said it 42 00:01:49,120 --> 00:01:52,000 Speaker 4: taught him to interface with people, Like he realized how 43 00:01:52,080 --> 00:01:54,760 Speaker 4: much he enjoyed talking to people, but also getting the 44 00:01:54,840 --> 00:01:58,040 Speaker 4: order right, so he knew he had to respond, you know, 45 00:01:58,200 --> 00:01:59,960 Speaker 4: he had to like know what people were saying. 46 00:02:00,520 --> 00:02:01,800 Speaker 3: And then this. 47 00:02:01,760 --> 00:02:05,160 Speaker 4: Guy, Billy Halt, I think he's at trade Web. He 48 00:02:05,240 --> 00:02:08,360 Speaker 4: worked at an off track betting and he learned so 49 00:02:08,400 --> 00:02:10,360 Speaker 4: he learned like to count money really quickly. 50 00:02:10,680 --> 00:02:11,240 Speaker 3: Isn't that funny? 51 00:02:11,280 --> 00:02:14,520 Speaker 1: How these things that like you do young when you're younger. 52 00:02:14,639 --> 00:02:17,679 Speaker 1: That really kind of maybe kind of way the groundwork 53 00:02:17,720 --> 00:02:18,880 Speaker 1: for where you end up and you. 54 00:02:18,840 --> 00:02:22,480 Speaker 3: Never know, right like the path you never ever know, Yeah, exactly. 55 00:02:22,720 --> 00:02:23,760 Speaker 3: So there's a bunch of stories. 56 00:02:23,800 --> 00:02:25,680 Speaker 1: K go where you want because it's you and you 57 00:02:25,680 --> 00:02:28,480 Speaker 1: can do whatever you want. But there's how twelve bosses 58 00:02:28,560 --> 00:02:31,560 Speaker 1: use AI for time saving, productive, productivity and success. How 59 00:02:31,600 --> 00:02:34,840 Speaker 1: thirteen CEOs and bosses psyched themselves up for their big moments, 60 00:02:34,840 --> 00:02:37,280 Speaker 1: which is kind of interesting because I think I think 61 00:02:37,480 --> 00:02:41,120 Speaker 1: sometimes you assume somebody gets to a certain position and 62 00:02:41,160 --> 00:02:43,320 Speaker 1: they can they just go for it, but they still 63 00:02:43,360 --> 00:02:45,600 Speaker 1: kind of have to get themselves somewhere, and then there's 64 00:02:46,040 --> 00:02:47,640 Speaker 1: biggest money regrets in their careers. 65 00:02:48,000 --> 00:02:51,800 Speaker 4: Those were those were fantastic. I do think psyching yourself 66 00:02:51,880 --> 00:02:54,040 Speaker 4: up for a big moment is so helpful. There is 67 00:02:54,320 --> 00:02:58,399 Speaker 4: one and the answers arranged like taking psychedelic in mushrooms 68 00:02:58,720 --> 00:03:01,600 Speaker 4: to like having that same sort of some of it 69 00:03:01,639 --> 00:03:03,760 Speaker 4: is like is not surprising, right, you know that you 70 00:03:03,919 --> 00:03:06,240 Speaker 4: just have to like know you're you have to. It's 71 00:03:06,280 --> 00:03:08,400 Speaker 4: as if you're going on stage for a concert, you know, 72 00:03:08,440 --> 00:03:10,000 Speaker 4: as if you're a BTS and you're going on stage 73 00:03:10,000 --> 00:03:11,920 Speaker 4: for a concert, and you want to like just know 74 00:03:12,080 --> 00:03:15,840 Speaker 4: everything backwards and forwards and make sure that you know 75 00:03:15,919 --> 00:03:17,280 Speaker 4: there's no room for error. 76 00:03:17,639 --> 00:03:19,079 Speaker 3: And then another. 77 00:03:18,840 --> 00:03:21,440 Speaker 4: CEO said, she gets a blow out, she just makes 78 00:03:21,480 --> 00:03:24,239 Speaker 4: sure she's like got her best face forward and that's 79 00:03:24,280 --> 00:03:25,880 Speaker 4: what you that's how you do it. 80 00:03:26,760 --> 00:03:28,079 Speaker 3: But we had this last the most. 81 00:03:28,200 --> 00:03:30,720 Speaker 1: I have to just tell you, I officiated. I've done 82 00:03:31,160 --> 00:03:35,160 Speaker 1: two of my nieces Claudia and also Sarah have gotten 83 00:03:35,240 --> 00:03:38,240 Speaker 1: married and I officiated, and I really I've been. 84 00:03:38,880 --> 00:03:44,680 Speaker 4: Alable for hiring, but it was it's been an honor 85 00:03:44,680 --> 00:03:46,880 Speaker 4: and it's people I love tremendously. 86 00:03:47,360 --> 00:03:50,360 Speaker 1: But the second one, I'm like, I need to get 87 00:03:50,360 --> 00:03:53,760 Speaker 1: a blowout because I'm used to like feeling my workface 88 00:03:53,840 --> 00:03:56,400 Speaker 1: and my you know kind of and it was really 89 00:03:56,400 --> 00:03:59,840 Speaker 1: important me to get a blowout to for my wedding Sarah. 90 00:04:00,440 --> 00:04:03,680 Speaker 2: And you know now I know that's the secret. All right, 91 00:04:03,720 --> 00:04:06,640 Speaker 2: You'll see me on Monday with broads. 92 00:04:06,760 --> 00:04:08,080 Speaker 3: You could conquer the world. 93 00:04:08,160 --> 00:04:09,920 Speaker 4: Now, you really do feel like she was. What she 94 00:04:10,000 --> 00:04:11,640 Speaker 4: said is that you have your best face for me. 95 00:04:11,880 --> 00:04:15,080 Speaker 4: She felt like, if you're presenting with your best you know, 96 00:04:15,120 --> 00:04:17,200 Speaker 4: with a f you know what, not with with an 97 00:04:17,200 --> 00:04:20,719 Speaker 4: appearance that you feel really confident in that you've worked 98 00:04:20,760 --> 00:04:23,160 Speaker 4: on than you really are, then you're game ready. 99 00:04:23,520 --> 00:04:26,120 Speaker 1: There's one person I think who talked about they have 100 00:04:26,160 --> 00:04:27,560 Speaker 1: to make sure they get time to go to the gym. 101 00:04:27,640 --> 00:04:28,520 Speaker 3: I think about you. 102 00:04:28,520 --> 00:04:31,279 Speaker 1: You love your workout and whether we're on a remote 103 00:04:31,360 --> 00:04:32,840 Speaker 1: or something like I'm going to get a workout. 104 00:04:33,000 --> 00:04:34,839 Speaker 3: Yeah, sorry, I sharing. 105 00:04:35,880 --> 00:04:37,719 Speaker 2: So you could go do that by yourself. 106 00:04:39,240 --> 00:04:42,720 Speaker 1: I'm getting my work out. 107 00:04:42,920 --> 00:04:45,400 Speaker 2: Yeah. It is important though, and I think for I 108 00:04:45,480 --> 00:04:47,200 Speaker 2: think a lot of people can can relate to that. 109 00:04:47,839 --> 00:04:50,240 Speaker 2: I want to talk to about some money mistakes, Yeah, 110 00:04:50,279 --> 00:04:53,520 Speaker 2: because like this was I like these ones because a 111 00:04:53,520 --> 00:04:55,479 Speaker 2: lot of them are relatable. Some of them are not 112 00:04:55,520 --> 00:04:58,039 Speaker 2: relatable at all. Letting you know, selling a huge chunk 113 00:04:58,080 --> 00:05:01,400 Speaker 2: of California Pizza Kitchen to PepsiCo for what almost one 114 00:05:01,440 --> 00:05:02,239 Speaker 2: hundred million dollars. 115 00:05:03,240 --> 00:05:04,080 Speaker 3: I did that last week. 116 00:05:04,480 --> 00:05:07,480 Speaker 2: But that I mean, I think everybody remembers the well, 117 00:05:07,520 --> 00:05:09,280 Speaker 2: if you have a certain age, you remember how hot 118 00:05:09,760 --> 00:05:13,000 Speaker 2: CPK was. Pepsi bought into it. Then Pepsi was like, 119 00:05:13,000 --> 00:05:15,160 Speaker 2: we're getting out of the food business and what that 120 00:05:15,279 --> 00:05:17,360 Speaker 2: meant for the folks. Yeah. 121 00:05:17,480 --> 00:05:20,640 Speaker 4: This guy, Rick Rosenfield was a co founder of it 122 00:05:20,680 --> 00:05:24,360 Speaker 4: and he comes from he was really forthcoming with this information. 123 00:05:24,520 --> 00:05:28,040 Speaker 4: He was a former attorney defense attorney, and then he 124 00:05:28,200 --> 00:05:31,720 Speaker 4: decided to help America discover gourmet pizza. And you're right, 125 00:05:31,839 --> 00:05:34,800 Speaker 4: like in the eighties, California Pizza Kitchen was huge, and 126 00:05:34,839 --> 00:05:36,320 Speaker 4: I think it was in ninety two they sold it 127 00:05:36,320 --> 00:05:39,520 Speaker 4: to PepsiCo for I think ninety two million dollars and 128 00:05:40,360 --> 00:05:43,400 Speaker 4: like a huge amount, and they realized they thought they 129 00:05:43,480 --> 00:05:45,680 Speaker 4: had a blank check and they thought they could expand 130 00:05:45,760 --> 00:05:49,360 Speaker 4: super quickly, and it ended up, you know, they lost 131 00:05:49,360 --> 00:05:50,960 Speaker 4: the confidence of a lot of employees. 132 00:05:51,120 --> 00:05:51,520 Speaker 3: Things. 133 00:05:51,640 --> 00:05:54,200 Speaker 4: You know, you might have seen it coming. Things went wrong, 134 00:05:54,880 --> 00:05:55,960 Speaker 4: and that was one of is Reelly. 135 00:05:56,040 --> 00:05:57,240 Speaker 3: It was a huge. 136 00:05:57,480 --> 00:06:02,159 Speaker 4: Obviously literally huge, huge regret he has about a huge 137 00:06:02,160 --> 00:06:05,000 Speaker 4: amount of money. But there was somebody else, another ceo 138 00:06:05,160 --> 00:06:08,240 Speaker 4: regrets that he didn't buy Tesla stock in what twenty ten, 139 00:06:08,360 --> 00:06:10,719 Speaker 4: Like he has the number down, Like he would be 140 00:06:11,000 --> 00:06:14,640 Speaker 4: several million dollars richer right now if he's the CEO 141 00:06:14,680 --> 00:06:16,919 Speaker 4: of Red Savannah. I think it's. 142 00:06:16,800 --> 00:06:18,920 Speaker 1: Nice to know that they have those regrets, right because 143 00:06:18,920 --> 00:06:20,400 Speaker 1: I think there's still like about. 144 00:06:20,320 --> 00:06:22,800 Speaker 2: Yeah, George Morgan Grenville was that CEO. 145 00:06:23,040 --> 00:06:26,520 Speaker 4: Yeah, but yeah, that's the fact that he knows exactly 146 00:06:26,560 --> 00:06:28,159 Speaker 4: how much he was going to buy and what that 147 00:06:28,240 --> 00:06:30,440 Speaker 4: stock was, you know, would have been worth when he 148 00:06:30,520 --> 00:06:31,120 Speaker 4: cashed out. 149 00:06:31,320 --> 00:06:33,679 Speaker 2: It was like, well, Mark Pink has shared that story 150 00:06:33,720 --> 00:06:35,599 Speaker 2: with us, his story. He was an early he was 151 00:06:35,600 --> 00:06:38,680 Speaker 2: like a seed investor in what is now Meta and 152 00:06:38,839 --> 00:06:41,599 Speaker 2: he would he's a very wealthy man because of Zinga. 153 00:06:41,720 --> 00:06:44,000 Speaker 2: But he said, that was the best investment I ever made. 154 00:06:44,040 --> 00:06:45,479 Speaker 2: I just sold it too early. And he you know, 155 00:06:45,520 --> 00:06:47,479 Speaker 2: he would have had more than a billion dollars worth 156 00:06:47,480 --> 00:06:48,400 Speaker 2: of shares of Facebook. 157 00:06:48,520 --> 00:06:50,720 Speaker 1: It's like knowing when to SELLO knowing when to hold. 158 00:06:51,760 --> 00:06:53,480 Speaker 3: I don't know. It's really kind of wild. 159 00:06:54,320 --> 00:06:56,560 Speaker 1: Yeah, go where We've got about a minute. 160 00:06:56,400 --> 00:06:57,120 Speaker 3: Or so left here. 161 00:06:57,520 --> 00:07:02,320 Speaker 4: Yeah. This guy jb Aricia, who has a tech platform 162 00:07:02,440 --> 00:07:06,560 Speaker 4: called Savvy Money, which does credit scores. 163 00:07:07,480 --> 00:07:08,839 Speaker 3: He was actually fascinating. 164 00:07:08,880 --> 00:07:12,800 Speaker 4: So he I think he produced a movie called Rock 165 00:07:12,880 --> 00:07:16,560 Speaker 4: Slide Slyde that you've never heard of it, I know 166 00:07:16,640 --> 00:07:19,160 Speaker 4: you never saw. And he said, no, that's not my 167 00:07:19,240 --> 00:07:21,760 Speaker 4: biggest money regret because I went into it with my 168 00:07:21,880 --> 00:07:25,400 Speaker 4: eyes open. I knew it probably wasn't going to be success, 169 00:07:25,440 --> 00:07:27,920 Speaker 4: but it's something that I wanted to do. And what 170 00:07:28,040 --> 00:07:31,200 Speaker 4: he said people should focus on is the kind of 171 00:07:31,240 --> 00:07:33,440 Speaker 4: things you talk about doing but don't do, like buying 172 00:07:33,480 --> 00:07:35,280 Speaker 4: a house, Like if you sort of are like, oh, 173 00:07:35,320 --> 00:07:38,080 Speaker 4: we should get you know, or refinancing your mortgage even 174 00:07:38,280 --> 00:07:39,920 Speaker 4: and you talk about it and talk about it, and 175 00:07:39,920 --> 00:07:41,640 Speaker 4: all of a sudden it's too late, Like now right 176 00:07:41,760 --> 00:07:45,080 Speaker 4: mortgage mortgage prices are climbing, And if you don't put 177 00:07:45,120 --> 00:07:46,840 Speaker 4: a date on it, if you don't go into something 178 00:07:46,840 --> 00:07:49,640 Speaker 4: with your eyes wide open, that's the regret that you'll have. 179 00:07:49,880 --> 00:07:52,480 Speaker 1: I love that idea of like not locking in a mortgage, 180 00:07:52,640 --> 00:07:55,760 Speaker 1: like you think these folks have figured it all out right, 181 00:07:55,800 --> 00:07:58,120 Speaker 1: We've all been there. It's like, ah, why did I wait? 182 00:07:58,280 --> 00:08:00,200 Speaker 1: It's just kind of kind of amazing. 183 00:08:00,280 --> 00:08:05,680 Speaker 2: Matt Navarro of Stanley nineteen thirteen regrets not studying abroad 184 00:08:05,680 --> 00:08:06,120 Speaker 2: in college. 185 00:08:06,200 --> 00:08:09,120 Speaker 4: Yeah, that's you know, that's one we can all relate to, right, 186 00:08:09,280 --> 00:08:11,040 Speaker 4: Like he was like, I need to stay here, I 187 00:08:11,040 --> 00:08:13,800 Speaker 4: need to build up my bank account. My fraternity brothers 188 00:08:13,840 --> 00:08:16,240 Speaker 4: are going away to France, but I'm going to stay here. 189 00:08:16,400 --> 00:08:18,080 Speaker 3: And now, like it is that, I really feel like 190 00:08:18,120 --> 00:08:18,920 Speaker 3: that's inspiring. 191 00:08:19,200 --> 00:08:21,000 Speaker 1: I feel like I'm talking about my family. It's exactly 192 00:08:21,000 --> 00:08:23,360 Speaker 1: why my daughter went abroad because I didn't do it. 193 00:08:23,400 --> 00:08:24,920 Speaker 1: There was a school I wanted to go to and 194 00:08:24,960 --> 00:08:26,680 Speaker 1: she's like, I'm going to do that, and. 195 00:08:26,680 --> 00:08:27,160 Speaker 4: She did it. 196 00:08:27,240 --> 00:08:29,120 Speaker 2: You can you can still, he Carol. 197 00:08:30,680 --> 00:08:33,880 Speaker 3: Kay creator, So good to see you guys. No regrets, 198 00:08:33,920 --> 00:08:35,120 Speaker 3: no money regrets for us 199 00:08:35,320 --> 00:08:38,680 Speaker 1: No Kay creator Bloomberg pursuits food editor, and so much more.