1 00:00:00,480 --> 00:00:03,760 Speaker 1: Our Way with yours truly Paul Anka and my buddy 2 00:00:03,840 --> 00:00:12,200 Speaker 1: Skip Bronson, is a production of iHeartRadio. Hi, folks, this 3 00:00:12,280 --> 00:00:13,520 Speaker 1: is Paul Anka. 4 00:00:13,280 --> 00:00:16,000 Speaker 2: And my name is Skip Bronson. We've been friends for 5 00:00:16,120 --> 00:00:18,400 Speaker 2: decades and we've decided to let you in on our 6 00:00:18,480 --> 00:00:21,800 Speaker 2: late night phone calls by starting a new podcast. 7 00:00:21,320 --> 00:00:24,560 Speaker 1: And welcome to Our Way. We'd like you to meet 8 00:00:24,640 --> 00:00:26,080 Speaker 1: some real good friends of ours. 9 00:00:26,200 --> 00:00:31,080 Speaker 2: There, leaders in entertainment and sports, innovators in business and technology, 10 00:00:31,240 --> 00:00:34,480 Speaker 2: and even as sitting president or two. Join us as 11 00:00:34,520 --> 00:00:37,640 Speaker 2: we ask the questions they've not been asked before, tell 12 00:00:37,680 --> 00:00:40,199 Speaker 2: it like it is, and even sing a song or two. 13 00:00:40,479 --> 00:00:47,800 Speaker 1: This is our podcast and we'll be doing it our way. 14 00:00:50,080 --> 00:00:54,720 Speaker 3: I think clothes have to be I call them normalies. 15 00:00:55,480 --> 00:00:59,200 Speaker 3: I look at the way people dressed and forgetting my 16 00:00:59,280 --> 00:01:04,000 Speaker 3: own style. The chain's ad vintage. I've worn the same 17 00:01:04,120 --> 00:01:07,399 Speaker 3: style shooting in million years. But I think to me, 18 00:01:07,760 --> 00:01:13,520 Speaker 3: important things have lasting for their class suit, but they 19 00:01:13,520 --> 00:01:15,920 Speaker 3: don't go out of style. You don't have to take 20 00:01:15,959 --> 00:01:21,320 Speaker 3: a mortgage out to buy. 21 00:01:26,200 --> 00:01:28,800 Speaker 4: Oh hey, Paul, what are you eating? I can tell 22 00:01:28,800 --> 00:01:31,920 Speaker 4: you're eating something. Yeah, we'll be getting my voice like yours. 23 00:01:31,959 --> 00:01:34,080 Speaker 4: I just had a cough drop, but he still can't 24 00:01:34,120 --> 00:01:35,400 Speaker 4: match up with your tones. 25 00:01:35,440 --> 00:01:36,760 Speaker 5: But I'm I'm working on it. 26 00:01:36,760 --> 00:01:39,280 Speaker 4: We have a bad we need a bad sore throat. No, no, 27 00:01:39,319 --> 00:01:41,560 Speaker 4: not at all. I feel great. I feel great, But 28 00:01:41,600 --> 00:01:44,640 Speaker 4: I was just couldn't Aaron brought one by and he 29 00:01:44,680 --> 00:01:48,680 Speaker 4: couldn't couldn't let a cough drop go by. So we've 30 00:01:48,720 --> 00:01:51,720 Speaker 4: got my friend Mickey Drexel one that's gonna be great. 31 00:01:51,800 --> 00:01:52,920 Speaker 5: You're gonna you're gonna love it. 32 00:01:53,000 --> 00:01:55,280 Speaker 4: He is, let me say this, He's an open book. 33 00:01:55,560 --> 00:01:58,120 Speaker 4: He loves to tell his stories and he's got great 34 00:01:58,440 --> 00:02:01,960 Speaker 4: you know, as we've learned, and Jordan, our producer, has 35 00:02:02,000 --> 00:02:05,200 Speaker 4: always pointed out, you know, we need people with good stories, 36 00:02:05,240 --> 00:02:09,119 Speaker 4: but who are also good storytellers, and with Mickey Drexler, 37 00:02:09,160 --> 00:02:09,760 Speaker 4: we have both. 38 00:02:10,040 --> 00:02:10,840 Speaker 5: And he's the. 39 00:02:11,120 --> 00:02:15,480 Speaker 4: Reason why he's one of the most desired guests on CNBC. 40 00:02:15,760 --> 00:02:18,000 Speaker 4: He's got a great point of view on the world 41 00:02:18,040 --> 00:02:20,600 Speaker 4: and when he's done in fashion, and you know, he 42 00:02:20,720 --> 00:02:23,680 Speaker 4: was one of the original board members of the of Apple, 43 00:02:24,200 --> 00:02:27,680 Speaker 4: involved in the development of all those fabulous stories. 44 00:02:27,760 --> 00:02:32,200 Speaker 6: And Taylor Gap was a very successful guy. 45 00:02:32,240 --> 00:02:36,560 Speaker 4: J Crew, you know, which he turned around and made great. 46 00:02:36,639 --> 00:02:40,120 Speaker 4: Now he's got his own company with his son Alex 47 00:02:40,240 --> 00:02:42,840 Speaker 4: called Alex mill and that's his new passion. 48 00:02:42,960 --> 00:02:44,560 Speaker 5: He loves to work. This is the guy. 49 00:02:45,080 --> 00:02:48,080 Speaker 4: He's like you, and I would like to say, like me, 50 00:02:48,360 --> 00:02:50,960 Speaker 4: never going to retire. He's just going to keep working. 51 00:02:51,120 --> 00:02:54,160 Speaker 4: He loves to work. He loves the process of creating. 52 00:02:55,040 --> 00:02:56,880 Speaker 4: And I'm sure he's going to talk to you about 53 00:02:57,320 --> 00:03:01,079 Speaker 4: you know, the creative you know, eight of you, because 54 00:03:01,120 --> 00:03:02,119 Speaker 4: he's got that as well. 55 00:03:02,240 --> 00:03:04,519 Speaker 6: I look forward to it. I'm a big fashioned guy. 56 00:03:04,560 --> 00:03:07,480 Speaker 6: They're creative people and I've always had an eye for 57 00:03:07,560 --> 00:03:09,680 Speaker 6: that and I'm looking for I've heard a lot about him, 58 00:03:09,720 --> 00:03:12,119 Speaker 6: read a lot about him. It should be very cool. 59 00:03:12,120 --> 00:03:15,600 Speaker 6: I'm glad the Olympics are over. Actually I get some sleep, 60 00:03:16,440 --> 00:03:21,120 Speaker 6: but what an incredible event every night with those kids. 61 00:03:21,200 --> 00:03:23,640 Speaker 6: You got to take your hat off. They're unbelievable. 62 00:03:23,960 --> 00:03:26,480 Speaker 5: I did some selective viewing. You know, I'm a big 63 00:03:26,720 --> 00:03:27,040 Speaker 5: you know. 64 00:03:27,000 --> 00:03:28,560 Speaker 6: Oh yeah, you have to cherry picket. 65 00:03:28,720 --> 00:03:30,520 Speaker 4: Yeah, I'm a golf fan, so I have to tell 66 00:03:30,560 --> 00:03:32,760 Speaker 4: you that golf was unbelievable. 67 00:03:32,840 --> 00:03:35,040 Speaker 5: Scottie Scheffler, the number one player in the. 68 00:03:34,960 --> 00:03:39,040 Speaker 4: World, shot a sixty two ten under par on the 69 00:03:39,120 --> 00:03:42,280 Speaker 4: last round to win the gold medal on a golf course. 70 00:03:42,320 --> 00:03:45,080 Speaker 4: It's very, very difficult. You don't shoot sixty two on 71 00:03:45,120 --> 00:03:48,680 Speaker 4: that golf course. He you know, he overtook the the 72 00:03:48,760 --> 00:03:51,120 Speaker 4: you know, the leaders and won the tournament, and that 73 00:03:51,240 --> 00:03:54,000 Speaker 4: to me was really fun and exciting. It's for no money. 74 00:03:54,160 --> 00:03:56,760 Speaker 4: You know, these guys don't get paid anything. Well, don't 75 00:03:56,800 --> 00:03:59,120 Speaker 4: keet me started on that. You're not much money's being 76 00:03:59,160 --> 00:04:00,760 Speaker 4: made by the investors. 77 00:04:01,200 --> 00:04:02,920 Speaker 6: Billions billions. 78 00:04:03,080 --> 00:04:04,880 Speaker 5: When you said the investors, what do you mean. 79 00:04:04,920 --> 00:04:09,440 Speaker 6: Investors, Well, everybody that's invested or it's behind all of 80 00:04:09,480 --> 00:04:13,200 Speaker 6: these events. They're making a fortune or not paying these 81 00:04:13,200 --> 00:04:15,120 Speaker 6: athletes anything. They make a fortune. 82 00:04:15,240 --> 00:04:15,920 Speaker 5: You didn't know that. 83 00:04:16,800 --> 00:04:20,200 Speaker 6: Oh yeah, they make a fortune villions. Let alone, what 84 00:04:20,400 --> 00:04:23,799 Speaker 6: the town wherever it's held. It's such a money machine. 85 00:04:23,800 --> 00:04:26,080 Speaker 6: And these poor athletes don't get a damn set. 86 00:04:26,000 --> 00:04:27,360 Speaker 5: And the broadcasting rights. 87 00:04:27,520 --> 00:04:30,800 Speaker 6: You know, it's oh, it's huge, huge. I mean, you'll 88 00:04:30,839 --> 00:04:33,760 Speaker 6: see the day when you look at me and say, wow, 89 00:04:34,640 --> 00:04:38,200 Speaker 6: these athletes will step up somehow and they'll get their 90 00:04:38,240 --> 00:04:40,240 Speaker 6: fair share of what I think they deserve. 91 00:04:40,360 --> 00:04:43,040 Speaker 4: Frankly, it's going to be great when they have the 92 00:04:43,080 --> 00:04:46,920 Speaker 4: Olympics in Los Angeles in twenty twenty eight because part 93 00:04:46,920 --> 00:04:50,240 Speaker 4: of the challenge for the Olympics being you know, in 94 00:04:50,279 --> 00:04:53,000 Speaker 4: another part of the world you already know, you know, 95 00:04:53,080 --> 00:04:56,040 Speaker 4: because you can't help it today with with you know, 96 00:04:56,120 --> 00:04:59,200 Speaker 4: being bombarded with media and getting your alerts on your 97 00:04:59,240 --> 00:05:02,279 Speaker 4: phone alread you know who won the gold medal in swimming, 98 00:05:02,320 --> 00:05:05,640 Speaker 4: you know who won the gold medal in gymnastics because 99 00:05:05,680 --> 00:05:08,839 Speaker 4: you get an alert on your phone. The beauty of 100 00:05:08,880 --> 00:05:11,520 Speaker 4: it here, it'll be in real time for us that 101 00:05:11,680 --> 00:05:13,760 Speaker 4: you know, living out here, so that'll I think it 102 00:05:13,839 --> 00:05:15,040 Speaker 4: makes it even more compelling. 103 00:05:15,320 --> 00:05:18,479 Speaker 6: Yeah, for sure. But the events are fantastic. I didn't 104 00:05:18,560 --> 00:05:21,000 Speaker 6: like some of the opening, which I thought was a 105 00:05:21,040 --> 00:05:24,719 Speaker 6: little bizarre, but once they got into it, got my 106 00:05:24,839 --> 00:05:29,520 Speaker 6: admiration to those kids. Kids says wonderful. Young people are 107 00:05:29,520 --> 00:05:34,440 Speaker 6: so dedicated. It's unbelievable, really unbelievable stuff. Yeah, but I'm 108 00:05:34,480 --> 00:05:37,800 Speaker 6: looking forward to to Mickey because I don't think we've 109 00:05:37,880 --> 00:05:41,839 Speaker 6: quite had anyone on that's had that kind of success story. 110 00:05:42,800 --> 00:05:45,560 Speaker 4: He's very unique, and you know, he's also been an 111 00:05:45,640 --> 00:05:50,520 Speaker 4: angel round investor in a number of companies and you know, 112 00:05:50,560 --> 00:05:52,640 Speaker 4: you got in on the ground floor and they want 113 00:05:52,720 --> 00:05:56,160 Speaker 4: him not just for the money, but also for his 114 00:05:56,200 --> 00:05:59,000 Speaker 4: own expertise in in brand building. 115 00:05:59,080 --> 00:06:02,240 Speaker 5: He's a brand building so it'd be fun to talk 116 00:06:02,279 --> 00:06:02,960 Speaker 5: to him about that. 117 00:06:03,000 --> 00:06:05,800 Speaker 4: And ask him where he thinks the puck is headed. 118 00:06:06,320 --> 00:06:09,640 Speaker 4: So I'll talk to you. Let's see, it's probably not 119 00:06:09,680 --> 00:06:11,480 Speaker 4: going to talk to you until later tonight. 120 00:06:11,960 --> 00:06:13,800 Speaker 6: Well, i'll talk to you as usually before you go 121 00:06:13,839 --> 00:06:14,200 Speaker 6: to bed. 122 00:06:14,560 --> 00:06:16,720 Speaker 5: Yeah, all right, pliny, I love you, alt. 123 00:06:16,800 --> 00:06:27,120 Speaker 6: Sleep, love you back by Ccho's. 124 00:06:27,600 --> 00:06:29,680 Speaker 2: Oh, mickey, there's my guy. 125 00:06:29,839 --> 00:06:30,360 Speaker 3: What's up? 126 00:06:30,440 --> 00:06:30,719 Speaker 5: Guys? 127 00:06:30,839 --> 00:06:33,200 Speaker 1: I guess the first question was have you and I 128 00:06:33,279 --> 00:06:33,880 Speaker 1: ever met? 129 00:06:34,800 --> 00:06:39,320 Speaker 3: But we probably a genetically acted, so you're probably right. 130 00:06:39,880 --> 00:06:40,880 Speaker 3: Where'd you grow up? 131 00:06:41,160 --> 00:06:41,360 Speaker 6: Well? 132 00:06:41,400 --> 00:06:43,920 Speaker 1: I grew up. I was New Yorker. I came down 133 00:06:43,920 --> 00:06:47,640 Speaker 1: from Canada at fifteen, worked at Brooklyn Paramount. We're about 134 00:06:47,680 --> 00:06:48,880 Speaker 1: the same age. How old are you? 135 00:06:48,920 --> 00:06:49,120 Speaker 2: Mixed? 136 00:06:49,160 --> 00:06:51,400 Speaker 3: Yeah, I'll be eighty in two weeks. 137 00:06:51,560 --> 00:06:54,040 Speaker 1: Well I just turned eighty three a week ago. 138 00:06:54,240 --> 00:06:56,360 Speaker 3: You're a fucking amazing Skip this. 139 00:06:57,000 --> 00:06:57,159 Speaker 2: You know. 140 00:06:57,200 --> 00:06:59,520 Speaker 3: I don't usually hang out with friends who my age, 141 00:06:59,520 --> 00:07:00,880 Speaker 3: but Skip, it's an exception. 142 00:07:01,800 --> 00:07:05,960 Speaker 7: So the rule I said, I said, for me to 143 00:07:06,040 --> 00:07:09,680 Speaker 7: interview you would be like me interviewing myself, because I 144 00:07:09,720 --> 00:07:14,240 Speaker 7: know there's nothing that you don't know about me, and 145 00:07:14,280 --> 00:07:16,360 Speaker 7: there's nothing that I don't know about you. 146 00:07:16,680 --> 00:07:19,360 Speaker 2: That's true, But I think it'll be fun for people 147 00:07:19,400 --> 00:07:21,520 Speaker 2: who don't know you to hear hear about you. 148 00:07:21,680 --> 00:07:26,000 Speaker 3: Well, you know, Skip, it's like Brooklyn Bronx Jeans west 149 00:07:26,160 --> 00:07:29,280 Speaker 3: Ard three Wall, from the same ghetto. Now, where did 150 00:07:29,320 --> 00:07:31,239 Speaker 3: you live when you moved to New York. 151 00:07:31,120 --> 00:07:34,080 Speaker 1: Ball I lived in Tenafly, New Jersey. Then I lived 152 00:07:34,080 --> 00:07:38,520 Speaker 1: in New York City on fifty seventh and sixth seventh, 153 00:07:38,520 --> 00:07:39,680 Speaker 1: that building on the corner. 154 00:07:39,960 --> 00:07:43,880 Speaker 3: So he was from the man of born, Skip, fancy hardly. 155 00:07:44,200 --> 00:07:46,640 Speaker 2: He was not from the manor born anymore than you 156 00:07:46,760 --> 00:07:47,240 Speaker 2: or I were. 157 00:07:47,440 --> 00:07:50,080 Speaker 1: Then I was living in Washington, d C. Till I 158 00:07:50,200 --> 00:07:52,000 Speaker 1: became became of age. 159 00:07:52,280 --> 00:07:55,800 Speaker 2: Mickey. You know the Johnny Cash song I've Been Everywhere, No, No, 160 00:07:56,880 --> 00:07:59,160 Speaker 2: there's a great song where he lists all the cities 161 00:07:59,360 --> 00:08:03,080 Speaker 2: and that Paul. Paul's been everywhere, He's lived everywhere, He's 162 00:08:03,120 --> 00:08:05,920 Speaker 2: done everything, He's checked every box. 163 00:08:06,160 --> 00:08:11,080 Speaker 3: Well, he's he's been around. Yeah, Paul, what's your favorite 164 00:08:11,240 --> 00:08:14,720 Speaker 3: song done in your whole life? I'm curious. 165 00:08:14,800 --> 00:08:18,360 Speaker 1: Well, I'm somewhat humbled by that because we're supposed to 166 00:08:18,400 --> 00:08:21,040 Speaker 1: be interviewing you. But I'll very quickly take it away 167 00:08:21,040 --> 00:08:24,000 Speaker 1: from me and tell you my favorite song is anything 168 00:08:24,040 --> 00:08:24,559 Speaker 1: that's good? 169 00:08:24,680 --> 00:08:27,720 Speaker 3: Okay, But see you have a lot of songs then, 170 00:08:28,160 --> 00:08:30,480 Speaker 3: but there's no emotional favorite. 171 00:08:30,600 --> 00:08:34,920 Speaker 1: Well, my emotional favorite of mine? Yes, yours okay, Sammy 172 00:08:35,000 --> 00:08:37,480 Speaker 1: Davis Junior. I wrote a song for him called I'm 173 00:08:37,520 --> 00:08:41,679 Speaker 1: Not Anyone my favorite my way of course for Sinatra 174 00:08:42,559 --> 00:08:44,720 Speaker 1: and a song called do I Love You? Don't you 175 00:08:44,840 --> 00:08:48,240 Speaker 1: know by Now, which I wrote when my wife was 176 00:08:48,280 --> 00:08:50,560 Speaker 1: having our fifth child. Those are my favorites. 177 00:08:50,840 --> 00:08:54,359 Speaker 3: Wow, yeah, Well Sinatra was the king always. 178 00:08:54,600 --> 00:08:56,720 Speaker 1: He will always be the king. He will always be 179 00:08:56,800 --> 00:08:57,440 Speaker 1: the king, you know. 180 00:08:57,720 --> 00:08:59,440 Speaker 3: Yeah, yeah, he sure will be. 181 00:08:59,679 --> 00:09:01,959 Speaker 1: I want to know about you because Skip has obviously 182 00:09:02,040 --> 00:09:06,040 Speaker 1: ran it all down. But your input with the Gap 183 00:09:06,520 --> 00:09:09,360 Speaker 1: and you inherited that and you went to work at Gap, right, 184 00:09:10,080 --> 00:09:12,240 Speaker 1: how did you figure out what direction to go with 185 00:09:12,360 --> 00:09:12,720 Speaker 1: the Gap? 186 00:09:12,840 --> 00:09:16,080 Speaker 3: You know? It's interesting and it's probably true in your world, 187 00:09:16,200 --> 00:09:20,360 Speaker 3: in the real estate world, it's all about a vision 188 00:09:21,360 --> 00:09:26,520 Speaker 3: of what the future will look like embedded in your brain, 189 00:09:27,400 --> 00:09:30,640 Speaker 3: and it's interesting. Twelve years in department Steare is. The 190 00:09:30,720 --> 00:09:34,080 Speaker 3: first company I actually ran was Anne Taylor. That was 191 00:09:34,120 --> 00:09:38,199 Speaker 3: my first THEO job. But Antello was a good training ground. 192 00:09:38,200 --> 00:09:42,160 Speaker 3: It was very successful GAP. I had a picture of it, 193 00:09:42,720 --> 00:09:47,280 Speaker 3: and what I thought is there was no place in 194 00:09:47,360 --> 00:09:52,040 Speaker 3: America because I grew up in the bronx dollars. You 195 00:09:52,080 --> 00:09:54,920 Speaker 3: know everything you like Ralph Laurren, who I've always had 196 00:09:55,040 --> 00:10:00,000 Speaker 3: great respect for. His clothes were unaffordable in my mind, 197 00:10:00,080 --> 00:10:03,520 Speaker 3: and I still live in bronze doyles. You skip, but 198 00:10:03,559 --> 00:10:06,679 Speaker 3: I look at prices and all that. But I thought 199 00:10:07,000 --> 00:10:13,200 Speaker 3: what American needs was a place to shop where you know, 200 00:10:13,240 --> 00:10:16,960 Speaker 3: it's personal to a degree, but where you could buy 201 00:10:17,559 --> 00:10:23,320 Speaker 3: nice clothes, lots of color. Classic I called the uniforms 202 00:10:23,920 --> 00:10:27,000 Speaker 3: in America in the sense it sounds like uniforms boring, 203 00:10:27,679 --> 00:10:31,720 Speaker 3: like this Navy T shirt gray every day in my life. 204 00:10:32,160 --> 00:10:34,600 Speaker 3: And so I had a list before I got the 205 00:10:34,679 --> 00:10:39,119 Speaker 3: GAP at you of the startup that would in fact 206 00:10:39,440 --> 00:10:42,079 Speaker 3: be GAP. I didn't know I was going to work there, 207 00:10:42,480 --> 00:10:46,679 Speaker 3: but it was your startup. But it's fishing, it's always 208 00:10:46,760 --> 00:10:52,160 Speaker 3: seeing around corners. It's skating to whereas Gretzky said, to 209 00:10:52,200 --> 00:10:55,960 Speaker 3: where the puck is going. And that's what I do. 210 00:10:56,160 --> 00:10:59,600 Speaker 3: And you can't help it. You can't control the mind 211 00:10:59,640 --> 00:11:02,240 Speaker 3: about thinking every day and now you write songs. But 212 00:11:02,920 --> 00:11:06,680 Speaker 3: I assume it's saying I got a song in my head, 213 00:11:06,960 --> 00:11:09,480 Speaker 3: and so that's selling the Gap. I had a vision. 214 00:11:09,960 --> 00:11:13,960 Speaker 3: It was a nightmare the first few years to implement 215 00:11:14,040 --> 00:11:18,920 Speaker 3: the vision. Moved from you know, Manhattan to death Cisco 216 00:11:19,120 --> 00:11:23,120 Speaker 3: worked in an office park of San Bruno. But you know, 217 00:11:23,160 --> 00:11:25,440 Speaker 3: I was a young person and I was trying to 218 00:11:25,440 --> 00:11:27,880 Speaker 3: figure out where to go after working for the big 219 00:11:27,920 --> 00:11:32,079 Speaker 3: department stores where I never wanted to be a boss there. 220 00:11:32,760 --> 00:11:36,679 Speaker 3: So it's always a picture in my brain. J Crewe 221 00:11:36,880 --> 00:11:40,720 Speaker 3: Gap Old Navy, Uh Mayde, Well, you know Old Navy 222 00:11:40,880 --> 00:11:45,080 Speaker 3: started just in the brain and then named after bar 223 00:11:45,240 --> 00:11:51,040 Speaker 3: in Paris. Maybe well, I purchased the name. I'm fast forwarding, 224 00:11:51,120 --> 00:11:55,520 Speaker 3: but I purchased the name after I left GAP and 225 00:11:55,920 --> 00:11:59,520 Speaker 3: kept it. And that I joined Jay Crew and what 226 00:11:59,800 --> 00:12:03,000 Speaker 3: we when public? I said, now it's time to do 227 00:12:03,240 --> 00:12:06,400 Speaker 3: made work. And you feel it in your head. I 228 00:12:06,440 --> 00:12:09,240 Speaker 3: think it's the same in any creating world. You have 229 00:12:09,360 --> 00:12:12,240 Speaker 3: a no shame, I say, if you know, you know, 230 00:12:13,080 --> 00:12:18,160 Speaker 3: most people don't. In my opinion. My world anyway, business 231 00:12:18,440 --> 00:12:22,920 Speaker 3: and songwriting, which my wife as in. So I just 232 00:12:22,960 --> 00:12:28,360 Speaker 3: finished a documentary on Diane Warrant. I'ven't even heard any 233 00:12:28,360 --> 00:12:34,880 Speaker 3: far Peggy was a producer with others amazing. You must know, well, 234 00:12:35,320 --> 00:12:36,080 Speaker 3: very very well. 235 00:12:36,160 --> 00:12:37,200 Speaker 1: Great great songwriter. 236 00:12:37,360 --> 00:12:41,640 Speaker 3: Yeah, great songwriter. But I always say to people you're 237 00:12:41,679 --> 00:12:44,560 Speaker 3: born with things or you're not born with it. And 238 00:12:44,600 --> 00:12:47,880 Speaker 3: they say, well, how do I become an entrepreneur? There's 239 00:12:48,040 --> 00:12:52,120 Speaker 3: entrepreneurial classes and you're never going to learn that classroom 240 00:12:52,760 --> 00:12:55,400 Speaker 3: or how to write a song or taste or style. 241 00:12:56,080 --> 00:12:59,160 Speaker 3: So a lot of it is very inter it's down. 242 00:12:59,360 --> 00:13:02,040 Speaker 1: I've always said it gets down to the people that 243 00:13:03,080 --> 00:13:05,560 Speaker 1: say they're going to do something and don't and those 244 00:13:05,600 --> 00:13:08,280 Speaker 1: that say they're going to do something and do big 245 00:13:08,320 --> 00:13:10,240 Speaker 1: differential through life. I've noticed that. 246 00:13:10,440 --> 00:13:14,000 Speaker 3: Well I couldn't agree more. But the people who are 247 00:13:14,000 --> 00:13:17,920 Speaker 3: going to do something need to have the built well 248 00:13:17,960 --> 00:13:20,480 Speaker 3: in my world, in your world, I look at them 249 00:13:20,520 --> 00:13:25,400 Speaker 3: as two totally creative and in real estate that exists. 250 00:13:25,440 --> 00:13:30,079 Speaker 3: I was just a guy from Graduate Hotels looking for 251 00:13:30,240 --> 00:13:35,040 Speaker 3: a location whatever. But it gets down to those who 252 00:13:35,160 --> 00:13:38,600 Speaker 3: want to do it, and we'll get knocked down. I've 253 00:13:38,640 --> 00:13:41,959 Speaker 3: been knocked down my whole career. You get knocked down, 254 00:13:42,360 --> 00:13:46,160 Speaker 3: you get back up. And also, you're not a spoiled brat. 255 00:13:47,080 --> 00:13:48,319 Speaker 1: Remember where you came from. 256 00:13:48,400 --> 00:13:50,080 Speaker 3: Yeah, one hundred percent. 257 00:13:50,200 --> 00:13:51,920 Speaker 2: You know what, Mickey, You know, you and I know 258 00:13:52,000 --> 00:13:53,840 Speaker 2: each other so well. We speak on the phone, what 259 00:13:53,960 --> 00:13:57,040 Speaker 2: three or four times a week, just checking in, and 260 00:13:57,520 --> 00:14:01,040 Speaker 2: it's painful because you and I we grew up, we 261 00:14:01,080 --> 00:14:04,720 Speaker 2: each had a dysfunctional parent. But just to help people 262 00:14:04,760 --> 00:14:06,520 Speaker 2: who don't know you, and just to go back for 263 00:14:06,559 --> 00:14:10,040 Speaker 2: a minute at the very beginning, you know you always 264 00:14:10,240 --> 00:14:12,440 Speaker 2: we kid each other. My father was a window trimm 265 00:14:12,480 --> 00:14:15,839 Speaker 2: or your father sold buttons. You know, But tell Paul 266 00:14:15,920 --> 00:14:19,080 Speaker 2: and the other people are listening how it all started. 267 00:14:19,520 --> 00:14:22,840 Speaker 2: Where you grow up, the good the bad, you had 268 00:14:22,840 --> 00:14:25,920 Speaker 2: it both both ways, before we segue into you know, 269 00:14:25,960 --> 00:14:27,680 Speaker 2: your rather incredible career. 270 00:14:28,080 --> 00:14:31,280 Speaker 3: Yeah, well you know I love that question. Skip When 271 00:14:31,320 --> 00:14:34,640 Speaker 3: I interview people now, I've learned over the many years 272 00:14:34,640 --> 00:14:37,880 Speaker 3: of running companies, I don't care where they go to college. 273 00:14:38,160 --> 00:14:40,840 Speaker 3: I don't care what the board scores are, I don't 274 00:14:40,840 --> 00:14:45,080 Speaker 3: care what their graines are. I interview them based on 275 00:14:45,360 --> 00:14:50,440 Speaker 3: who they are, and I actually prefer less privileged Ian 276 00:14:51,120 --> 00:14:54,640 Speaker 3: then the more privilege. I've just had lunch today with 277 00:14:54,840 --> 00:15:00,000 Speaker 3: someone who said, you know, you work hard. Son worksismus 278 00:15:00,320 --> 00:15:03,880 Speaker 3: in summer. He hates it, but he does it. And 279 00:15:03,960 --> 00:15:07,720 Speaker 3: I said, those are the kinds of people I identified it. 280 00:15:08,280 --> 00:15:11,400 Speaker 3: But I grew up in the Bronx. When growing up 281 00:15:11,440 --> 00:15:14,760 Speaker 3: in the Bronx, it was I didn't know what I had, 282 00:15:15,000 --> 00:15:18,120 Speaker 3: but didn't that because I lived in a ghetto. I 283 00:15:18,160 --> 00:15:22,240 Speaker 3: lived in a ground floor apartment in apart in one 284 00:15:22,440 --> 00:15:26,240 Speaker 3: bedroom with mom and dad. My father, oh ye is 285 00:15:26,280 --> 00:15:30,360 Speaker 3: all I could say. I wouldn't have chosen him if 286 00:15:30,400 --> 00:15:34,200 Speaker 3: I had any choice. On the other hand, in hindsight, 287 00:15:34,960 --> 00:15:38,640 Speaker 3: he created a lot of my ambition, a lot of 288 00:15:39,200 --> 00:15:43,560 Speaker 3: hard work and wanted to escape. And I didn't want 289 00:15:43,560 --> 00:15:47,560 Speaker 3: to be like him. Although Skip's father has the greatest 290 00:15:47,680 --> 00:15:50,320 Speaker 3: quotes in the world, I have to say that I 291 00:15:50,360 --> 00:15:53,120 Speaker 3: don't know pull those all those thoughts. But I grew 292 00:15:53,200 --> 00:15:56,560 Speaker 3: up in the Bronx. I went to elementary school. My 293 00:15:56,560 --> 00:16:00,480 Speaker 3: mother was very ill and depressed because she had breast 294 00:16:00,480 --> 00:16:04,840 Speaker 3: cancer early in her life. And my father was I 295 00:16:04,840 --> 00:16:07,320 Speaker 3: don't know. He had no emotion, he had no connection. 296 00:16:08,080 --> 00:16:11,280 Speaker 3: He was just in his own little world. And I 297 00:16:11,320 --> 00:16:14,840 Speaker 3: guess they called that on the spectrum today. He was 298 00:16:14,880 --> 00:16:18,360 Speaker 3: a big shot in his own made He was you know, 299 00:16:18,440 --> 00:16:22,280 Speaker 3: the button he bought buttons from manufactory, worked in the 300 00:16:22,320 --> 00:16:25,520 Speaker 3: shipping room. But he was a big shot and his 301 00:16:25,720 --> 00:16:30,440 Speaker 3: fansins reacted that way compared to the rest of my 302 00:16:30,720 --> 00:16:35,080 Speaker 3: family in the ghetto down the street. But he was 303 00:16:35,240 --> 00:16:41,040 Speaker 3: not encouraging. He was not happy with me and what 304 00:16:41,160 --> 00:16:44,880 Speaker 3: I did. He never really appreciated what I did. But 305 00:16:44,960 --> 00:16:47,800 Speaker 3: that's what are under the bridge, and I do thank 306 00:16:47,880 --> 00:16:52,000 Speaker 3: him for being who he was, which created a huge 307 00:16:52,120 --> 00:16:56,880 Speaker 3: tribe of escape. I lived in my fantasies. I didn't 308 00:16:57,120 --> 00:16:59,240 Speaker 3: like being at home. I used to hang out at 309 00:16:59,320 --> 00:17:03,720 Speaker 3: my ands down the street. But you know, you deal 310 00:17:03,800 --> 00:17:07,440 Speaker 3: with it because you don't realize when you're growing up 311 00:17:08,040 --> 00:17:11,520 Speaker 3: how tough it is or how tough it was. And 312 00:17:11,680 --> 00:17:14,159 Speaker 3: our kids, you know, they all grew up in a 313 00:17:14,200 --> 00:17:18,840 Speaker 3: different way. I see that. But I worked my ass 314 00:17:18,640 --> 00:17:21,560 Speaker 3: and my father in not in a nice way, always 315 00:17:21,640 --> 00:17:25,679 Speaker 3: made me work, delivered the New York Times and in 316 00:17:25,840 --> 00:17:30,600 Speaker 3: high school in towel sorting in the basement. But I 317 00:17:30,640 --> 00:17:34,280 Speaker 3: always worked in the garment business. I delivered peace goodns. 318 00:17:34,400 --> 00:17:36,920 Speaker 3: I you know, got coffee in the morning. I saw 319 00:17:37,440 --> 00:17:41,320 Speaker 3: Wilkinson's sort blades, which were hard to get then, like 320 00:17:41,480 --> 00:17:45,399 Speaker 3: come street, but I never thought twice about it, other 321 00:17:45,520 --> 00:17:49,320 Speaker 3: than as they got older, I saw the world is 322 00:17:49,520 --> 00:17:54,560 Speaker 3: very different than the world I know, and I was 323 00:17:54,600 --> 00:17:57,679 Speaker 3: starting to say, oh my god, look at this and 324 00:17:57,760 --> 00:18:00,320 Speaker 3: look at that. You know, my mom worked as a 325 00:18:00,440 --> 00:18:03,760 Speaker 3: secretary for all the years doing for a guy who 326 00:18:03,840 --> 00:18:08,399 Speaker 3: ran the YMHA in the South Bronx. I went to 327 00:18:08,480 --> 00:18:14,280 Speaker 3: the YMHA camp with sessions in the summer. She was there, 328 00:18:14,600 --> 00:18:19,960 Speaker 3: but I never thought, wow, missions whatever. So I always 329 00:18:20,119 --> 00:18:23,720 Speaker 3: lived in my dreams and I never thought, you know, 330 00:18:23,800 --> 00:18:26,679 Speaker 3: I just kept just sing in front of me in 331 00:18:26,720 --> 00:18:30,280 Speaker 3: a way, and nothing with all I lived through, I 332 00:18:30,320 --> 00:18:34,040 Speaker 3: still got up and I thought. I went to Bronze science. 333 00:18:34,160 --> 00:18:38,800 Speaker 3: I like it. Everyone was intimidated me by their grades, 334 00:18:39,520 --> 00:18:43,920 Speaker 3: and I finally realized, too many us later, there's school smart, 335 00:18:44,200 --> 00:18:49,399 Speaker 3: there's life smart, and there's hard work and discipline and 336 00:18:49,640 --> 00:18:54,000 Speaker 3: ethic work ethic, but you gotta also use your brain. 337 00:18:54,720 --> 00:19:01,080 Speaker 3: So my childhood was not enjoyable. My mom died when 338 00:19:01,080 --> 00:19:05,639 Speaker 3: I was sixteen years old, and my father, you know, 339 00:19:05,840 --> 00:19:09,880 Speaker 3: skip my seventh family. I can't even talk about this here. 340 00:19:09,880 --> 00:19:10,040 Speaker 2: But. 341 00:19:11,920 --> 00:19:13,960 Speaker 3: If I ever told the pall of the stories, you know, 342 00:19:14,080 --> 00:19:18,160 Speaker 3: and down always laughed. But it was very difficult, and 343 00:19:18,240 --> 00:19:21,760 Speaker 3: I lived in an environment that I had to escape. 344 00:19:22,280 --> 00:19:26,200 Speaker 3: I went to City College. I escaped to Buffalo because 345 00:19:26,200 --> 00:19:29,679 Speaker 3: it was important for me to get out and away 346 00:19:29,840 --> 00:19:35,160 Speaker 3: from him and the family. And so I went to Buffalo. 347 00:19:35,160 --> 00:19:37,520 Speaker 3: I was very happy, could have been anywhere, you know. 348 00:19:37,880 --> 00:19:42,040 Speaker 3: But and then I went to work. After I worked 349 00:19:42,080 --> 00:19:45,640 Speaker 3: in a career and I started the department store business. 350 00:19:46,040 --> 00:19:49,959 Speaker 3: I decided after a few years, I wasn't meeting people 351 00:19:50,000 --> 00:19:53,800 Speaker 3: who inspired me. And this is all in hindsight. You know, 352 00:19:53,880 --> 00:19:57,840 Speaker 3: you do something and then you realize, you know that 353 00:19:58,560 --> 00:20:01,719 Speaker 3: this is no I had no mentors. Everyone has a 354 00:20:01,800 --> 00:20:07,880 Speaker 3: mentor today, all these in our generation. I'm stone mentor. 355 00:20:08,480 --> 00:20:11,679 Speaker 3: And you know, there was never anyone who was like 356 00:20:11,760 --> 00:20:16,119 Speaker 3: a role model. We just in our it's again generational 357 00:20:16,240 --> 00:20:19,320 Speaker 3: right now, every young person. I spend a lot of 358 00:20:19,400 --> 00:20:24,160 Speaker 3: time with young people, telling them the truth about what 359 00:20:24,280 --> 00:20:27,000 Speaker 3: life is like. But a lot of them I can't 360 00:20:27,040 --> 00:20:30,200 Speaker 3: blame them for growing up or even our own kits 361 00:20:30,280 --> 00:20:33,160 Speaker 3: and growing up the way they'd grown up. You grew 362 00:20:33,240 --> 00:20:36,760 Speaker 3: up in the borough of West Hardford, balls and did 363 00:20:36,800 --> 00:20:37,160 Speaker 3: you say? 364 00:20:37,359 --> 00:20:40,120 Speaker 1: But making not to interrupt you, but in looking at 365 00:20:40,280 --> 00:20:43,960 Speaker 1: you know how amazing you faced every challenge. Every guy 366 00:20:44,000 --> 00:20:47,679 Speaker 1: that I've respected in business and that I've met, and 367 00:20:47,720 --> 00:20:50,120 Speaker 1: I've been fortunate enough to meet them on all levels. 368 00:20:50,720 --> 00:20:55,439 Speaker 1: They were all avid readers. Are you and were you 369 00:20:55,600 --> 00:20:56,840 Speaker 1: self taught and a reader? 370 00:20:57,200 --> 00:20:57,480 Speaker 3: Never? 371 00:20:57,920 --> 00:20:58,160 Speaker 1: Never? 372 00:20:58,480 --> 00:21:01,640 Speaker 3: Well, there's a Yiddish term called spilkus as in. 373 00:21:01,640 --> 00:21:03,040 Speaker 1: My hands spocus. 374 00:21:03,600 --> 00:21:07,360 Speaker 3: You had spocus, Yeah, I had spilcus. I was an 375 00:21:07,400 --> 00:21:14,879 Speaker 3: avid imagination, lived in my fantasies and my dreams and it. No, 376 00:21:15,000 --> 00:21:18,480 Speaker 3: I didn't read avidly, although I want to be able 377 00:21:18,560 --> 00:21:21,840 Speaker 3: to do it even today. I can't like sit down 378 00:21:21,840 --> 00:21:25,520 Speaker 3: and read book, but that's me. No, I wasn't an 379 00:21:25,560 --> 00:21:30,920 Speaker 3: avid reader and I wasn't an avid student. I never 380 00:21:31,080 --> 00:21:37,440 Speaker 3: used anything I've learned in school. I saw some'se tryangs, parallelograms, 381 00:21:37,800 --> 00:21:41,840 Speaker 3: chemistry codes. A lot of that was memorization. And if 382 00:21:41,880 --> 00:21:44,160 Speaker 3: you're good at memory, you didn't get good grades too. 383 00:21:44,560 --> 00:21:47,480 Speaker 3: I wasn't. I didn't pay attention. But no, I didn't 384 00:21:47,480 --> 00:21:50,240 Speaker 3: read much. I still don't, unfortunately, because. 385 00:21:50,040 --> 00:21:52,399 Speaker 1: I still think you're an amazing success story. 386 00:21:52,800 --> 00:21:56,200 Speaker 3: Well, uh, thank you, Paul, But you want to know 387 00:21:56,520 --> 00:22:00,919 Speaker 3: I think every day I still climb them that I 388 00:22:01,080 --> 00:22:04,399 Speaker 3: try to prove myself and I try to do better 389 00:22:04,400 --> 00:22:09,400 Speaker 3: than I did yesterday. And I never forget who I 390 00:22:09,520 --> 00:22:10,720 Speaker 3: was and I still am. 391 00:22:10,760 --> 00:22:13,920 Speaker 1: Then, So, Mickey, are you close to putting the flag 392 00:22:14,080 --> 00:22:15,520 Speaker 1: in the mountain. Do you see that? 393 00:22:15,640 --> 00:22:15,800 Speaker 5: Yeah? 394 00:22:15,880 --> 00:22:21,280 Speaker 3: No, No, because uh, you know, you keep climbing the mountain. No, 395 00:22:21,400 --> 00:22:26,439 Speaker 3: and Alex Mill Frankly, at this stage in my life, 396 00:22:26,520 --> 00:22:31,840 Speaker 3: I'm more ambitious here for it to be successful because 397 00:22:32,119 --> 00:22:35,639 Speaker 3: I have to leave a company to the people that 398 00:22:35,720 --> 00:22:40,720 Speaker 3: are going to run it that's economic, viable, thasible and 399 00:22:40,960 --> 00:22:45,520 Speaker 3: has a future. And we're building and I'm working. Frankly, 400 00:22:46,240 --> 00:22:48,879 Speaker 3: I think better than I've worked. It's kind of weird, 401 00:22:49,400 --> 00:22:54,440 Speaker 3: but my mind is I feel more creative, but more 402 00:22:54,560 --> 00:23:00,880 Speaker 3: whatever because I'm not dealing with investors. I'm not dealing chairman. 403 00:23:01,359 --> 00:23:06,600 Speaker 3: I'm dealing with myself and the teen and we don't 404 00:23:06,600 --> 00:23:09,800 Speaker 3: have any investors. So it's kind of a dream that 405 00:23:09,920 --> 00:23:13,680 Speaker 3: I work for the team. Those are my bosses. 406 00:23:14,000 --> 00:23:16,439 Speaker 2: When you were starting out, though, you never could have 407 00:23:16,480 --> 00:23:20,000 Speaker 2: imagined that you'd be known as the merchant, prints, that 408 00:23:20,040 --> 00:23:22,399 Speaker 2: you'd have a reputation that you created, that you do 409 00:23:22,480 --> 00:23:24,600 Speaker 2: the things that you did. But did you dream about 410 00:23:24,600 --> 00:23:27,639 Speaker 2: being rich? Did you ever think I want to do 411 00:23:27,680 --> 00:23:29,760 Speaker 2: this because I want to be rich. I want a Cadillac, 412 00:23:29,840 --> 00:23:32,240 Speaker 2: I want to have a beach house or did you 413 00:23:32,280 --> 00:23:33,200 Speaker 2: never even go there? 414 00:23:33,560 --> 00:23:36,119 Speaker 3: You know, I never went there because I didn't know 415 00:23:36,160 --> 00:23:39,119 Speaker 3: what being rich was like. With my father and his 416 00:23:39,280 --> 00:23:44,280 Speaker 3: generation Cadillac convertible boom. You were rich when I went 417 00:23:44,359 --> 00:23:48,399 Speaker 3: to sleep away camp in the wherever I went after 418 00:23:48,480 --> 00:23:53,560 Speaker 3: the Lafos, you know, the Cadillacs set visited rich Jeff 419 00:23:53,600 --> 00:23:57,840 Speaker 3: Reave Meal to get a yellow Cadillac. Woud father worked 420 00:23:57,880 --> 00:24:03,359 Speaker 3: for an air condition whatever carrier or whatever. Wow, I 421 00:24:03,440 --> 00:24:06,879 Speaker 3: never thought about it, even in hindsight. Now it's really interesting. 422 00:24:07,320 --> 00:24:09,240 Speaker 3: I sent to Peggy the other day. I said, you know, 423 00:24:10,000 --> 00:24:15,680 Speaker 3: I look back at our life and I never kind 424 00:24:15,680 --> 00:24:19,640 Speaker 3: of imagined it would. I mean, I look back, I'm 425 00:24:19,720 --> 00:24:23,520 Speaker 3: very impressed with whoever he was and what he did. 426 00:24:24,160 --> 00:24:26,399 Speaker 3: But I still every day, what do you know, we 427 00:24:26,560 --> 00:24:30,160 Speaker 3: skip by every day. I'm trying to do better. I'm 428 00:24:30,280 --> 00:24:35,760 Speaker 3: very difficult of myself. I'm very self critical person of me, 429 00:24:35,840 --> 00:24:38,879 Speaker 3: and as Skip knows, we have a lot of people 430 00:24:39,000 --> 00:24:41,760 Speaker 3: we are critical of. But we can't go here on that. 431 00:24:42,440 --> 00:24:48,280 Speaker 3: You know, I'm just singing to the singing to the well. 432 00:24:48,760 --> 00:24:52,959 Speaker 3: You know, I'm big shots. I rememberable when I's a 433 00:24:53,000 --> 00:24:57,400 Speaker 3: young person in my twenties. You know, at the department stores, 434 00:24:57,480 --> 00:25:00,960 Speaker 3: they were all big shots the bosses, and I thought 435 00:25:01,600 --> 00:25:05,359 Speaker 3: they're big shots, and I learned over time they're not 436 00:25:05,520 --> 00:25:09,919 Speaker 3: such big shots. Titles don't mean that you are the 437 00:25:09,960 --> 00:25:14,280 Speaker 3: most successful person in the world. I like people like today, 438 00:25:14,280 --> 00:25:17,679 Speaker 3: I had lunch with a friend Dish I'm known her 439 00:25:17,800 --> 00:25:24,240 Speaker 3: bit and the waitress, Diana, was from Peru and that's 440 00:25:24,400 --> 00:25:28,480 Speaker 3: my friend at Saint Ambrose across the street. She and Marco, 441 00:25:29,240 --> 00:25:34,200 Speaker 3: the manager. Marco's smart for what they do. Marco, she's 442 00:25:34,240 --> 00:25:38,400 Speaker 3: a funny story. They hadn't The chefs on chef sell 443 00:25:38,560 --> 00:25:41,600 Speaker 3: not chef. There's com salad on the menu. So I 444 00:25:41,640 --> 00:25:43,720 Speaker 3: got it about a month ago. I quote him now 445 00:25:44,320 --> 00:25:47,639 Speaker 3: it was hardly need bacon bits, So I said, Marco, 446 00:25:48,400 --> 00:25:51,840 Speaker 3: there's no baking bits hard and you can't even see it. 447 00:25:52,200 --> 00:25:55,080 Speaker 3: And the cop sell. He comes out of the kitchen 448 00:25:55,119 --> 00:25:58,240 Speaker 3: with a cup of bacon bits. I said, thank you. 449 00:25:58,280 --> 00:26:02,080 Speaker 3: He goes, this is not just an ingredient. It's me 450 00:26:02,400 --> 00:26:05,200 Speaker 3: and great to hear. I U said all the time. 451 00:26:05,280 --> 00:26:07,800 Speaker 3: That just says it all. But those are the people 452 00:26:08,520 --> 00:26:12,080 Speaker 3: that I like. I like nice people, and I like 453 00:26:12,200 --> 00:26:14,200 Speaker 3: people who have a leg down. 454 00:26:25,040 --> 00:26:28,080 Speaker 2: The title thing is interesting because when I started off 455 00:26:28,720 --> 00:26:32,399 Speaker 2: my first legitimate job selling insurance working and hard for 456 00:26:32,720 --> 00:26:36,760 Speaker 2: an insurance company. You know, the salesman, the guy that 457 00:26:36,920 --> 00:26:39,880 Speaker 2: ran the general agency made more money than the president 458 00:26:39,920 --> 00:26:42,879 Speaker 2: of the company. So speaking of titles, you know, the 459 00:26:42,960 --> 00:26:45,639 Speaker 2: title was one thing that you know, the president of 460 00:26:45,640 --> 00:26:47,679 Speaker 2: the company got to walk around as the president of 461 00:26:47,680 --> 00:26:51,280 Speaker 2: the travelers insurance company. But in terms of just sheer dollars, 462 00:26:51,800 --> 00:26:55,000 Speaker 2: the guy that was the head of sales made more money. 463 00:26:55,040 --> 00:26:57,880 Speaker 2: Now today, of course, and Mickey gets offended by this, Paul, 464 00:26:57,920 --> 00:26:59,560 Speaker 2: I have to tell you up front. You know, he 465 00:26:59,600 --> 00:27:03,480 Speaker 2: looks at what some of these executives make the CEO 466 00:27:03,880 --> 00:27:07,879 Speaker 2: pay and it infuriates him, just finds it's distasteful. 467 00:27:08,280 --> 00:27:09,400 Speaker 1: It is distasteful. 468 00:27:09,560 --> 00:27:16,040 Speaker 3: Well, it is distasteful. It's not based on anything. But look, 469 00:27:16,600 --> 00:27:18,359 Speaker 3: I don't want to go there, but I guess I'll 470 00:27:18,359 --> 00:27:22,440 Speaker 3: go there. I think you know, CEOs today and probably 471 00:27:22,480 --> 00:27:25,040 Speaker 3: in the old days, you know, they were big machers 472 00:27:25,720 --> 00:27:31,280 Speaker 3: watching spec and you know, I realized that if you 473 00:27:31,320 --> 00:27:36,359 Speaker 3: look play the part, well, not certainly, not everyone, but 474 00:27:36,400 --> 00:27:39,160 Speaker 3: if you're a safe bet for the board of directors, 475 00:27:40,160 --> 00:27:44,720 Speaker 3: if they don't have a risk of picking the wrong person, 476 00:27:45,400 --> 00:27:49,720 Speaker 3: it's not uncommon. And then you look at the results 477 00:27:50,040 --> 00:27:53,520 Speaker 3: and they're making twenty twenty five. We got the private 478 00:27:53,600 --> 00:27:57,879 Speaker 3: jet they this day, and that do something for the shareholders. 479 00:27:58,119 --> 00:28:01,919 Speaker 3: I've always worked number one on the people I've worked 480 00:28:01,920 --> 00:28:05,199 Speaker 3: with and the shareholders without a doubt. No, I was 481 00:28:05,240 --> 00:28:09,639 Speaker 3: in that level of crazy numbers, but on stock price 482 00:28:10,080 --> 00:28:14,000 Speaker 3: beyond paid for it in terms of its growth. And 483 00:28:14,119 --> 00:28:20,919 Speaker 3: Steve Jobs sixteen years as his director member and his friend. 484 00:28:21,240 --> 00:28:25,920 Speaker 3: That guy never one day would come in and think, oh, 485 00:28:26,000 --> 00:28:30,479 Speaker 3: I'm Steve Jobs. Well, I said, you're Steve Jobs. But 486 00:28:31,200 --> 00:28:36,000 Speaker 3: he was just someone who cared about building a business. Yeah, 487 00:28:36,040 --> 00:28:39,920 Speaker 3: we all have about quirks, but I the best in 488 00:28:39,960 --> 00:28:43,120 Speaker 3: the world, and he wasn't there to have a nego 489 00:28:43,760 --> 00:28:44,120 Speaker 3: at all. 490 00:28:44,160 --> 00:28:46,160 Speaker 2: Speaking of a quirk, though, You've got to do this. 491 00:28:46,240 --> 00:28:50,600 Speaker 2: I have to tell Paul the story about Christmas time 492 00:28:50,640 --> 00:28:53,680 Speaker 2: when the board members at Apple could get like, you know, 493 00:28:54,080 --> 00:28:56,880 Speaker 2: a laptop, or they could get an iPhone or whatever. 494 00:28:59,200 --> 00:29:02,640 Speaker 3: You told me this story, right, I didn't remember it. 495 00:29:02,720 --> 00:29:06,200 Speaker 3: But when Steve called, Yeah, how I didn't you know 496 00:29:06,320 --> 00:29:07,000 Speaker 3: that story? 497 00:29:07,120 --> 00:29:08,040 Speaker 2: You told it to me. 498 00:29:10,280 --> 00:29:12,719 Speaker 3: Well, he has a better memory. I guess. 499 00:29:12,840 --> 00:29:13,000 Speaker 6: You know. 500 00:29:13,040 --> 00:29:16,760 Speaker 3: You got free things, you know, to say what Steve 501 00:29:16,920 --> 00:29:20,680 Speaker 3: wasn't happy I'm using it and I, uh, what are 502 00:29:20,720 --> 00:29:25,920 Speaker 3: those other things called? Before the I uh, the you 503 00:29:25,960 --> 00:29:32,160 Speaker 3: know what I mean, the own black bear, right. I 504 00:29:32,280 --> 00:29:34,800 Speaker 3: used to have that at the border use anyway you 505 00:29:34,800 --> 00:29:39,120 Speaker 3: could pick free things free f r E. I didn't 506 00:29:39,120 --> 00:29:43,880 Speaker 3: even how to work your computer. And Steve skip reminded 507 00:29:44,200 --> 00:29:50,080 Speaker 3: calls me and say I ordered too many free things, 508 00:29:50,480 --> 00:29:55,480 Speaker 3: and I was kind of embarrassed. I don't know, I 509 00:29:55,480 --> 00:29:58,160 Speaker 3: didn't know how many to order. Maybe it was fourth things. 510 00:29:58,360 --> 00:30:00,800 Speaker 3: But he's telling me, I'm being a little indulgent. 511 00:30:03,800 --> 00:30:04,320 Speaker 2: No matter what. 512 00:30:04,440 --> 00:30:04,840 Speaker 5: He did. 513 00:30:05,120 --> 00:30:08,040 Speaker 2: Love to guy Paul, the guys on his board of directors, 514 00:30:08,080 --> 00:30:10,880 Speaker 2: the company is a rocket ship. He's concerned that maybe 515 00:30:10,920 --> 00:30:12,600 Speaker 2: Mickey asked for one too manything. 516 00:30:14,880 --> 00:30:18,840 Speaker 1: He's got his eye on the ball. He's focused, right, Hey, Mickey, 517 00:30:18,920 --> 00:30:22,200 Speaker 1: going back to vision, which I think is imperative in 518 00:30:22,320 --> 00:30:27,959 Speaker 1: business today. The whole COVID experience kind of separated the 519 00:30:28,040 --> 00:30:31,240 Speaker 1: men from the boys. Everybody got hit pretty badly. And 520 00:30:31,280 --> 00:30:33,960 Speaker 1: then the evolution out of it into trying to get 521 00:30:34,000 --> 00:30:37,840 Speaker 1: on track again. How has it changed in your business? 522 00:30:37,920 --> 00:30:40,360 Speaker 1: So I know some of the players in the industry 523 00:30:40,920 --> 00:30:44,920 Speaker 1: to what's happened to the malls, the online all of that. 524 00:30:45,120 --> 00:30:47,200 Speaker 1: Where is it landing and where's it going? 525 00:30:47,320 --> 00:30:52,400 Speaker 3: Mickey, Well, Paul, it's a good question, surely personal because 526 00:30:52,800 --> 00:30:56,400 Speaker 3: I you know, I'm not the smartest guy, and all 527 00:30:56,440 --> 00:31:00,959 Speaker 3: I can do is estimate where it's going. And I 528 00:31:01,040 --> 00:31:05,040 Speaker 3: think what it did shift the world up there the 529 00:31:05,120 --> 00:31:07,680 Speaker 3: hell out of all of us. But I think you 530 00:31:07,720 --> 00:31:12,520 Speaker 3: know it's over, it's gone. I think what's happened in retail, 531 00:31:12,720 --> 00:31:18,400 Speaker 3: independent of the pandemic is that the world and I 532 00:31:18,440 --> 00:31:22,760 Speaker 3: don't know if it's true creating song business, the world 533 00:31:23,080 --> 00:31:29,440 Speaker 3: of creativity, of product being number one, style, taste, quality 534 00:31:30,320 --> 00:31:34,120 Speaker 3: has taken a step down. I don't think that was 535 00:31:34,280 --> 00:31:40,040 Speaker 3: pandemic centric. I think that you have to recognize in 536 00:31:40,880 --> 00:31:48,440 Speaker 3: any business that creativity grows businesses and it's a necessary 537 00:31:48,640 --> 00:31:53,160 Speaker 3: ingredient to keep moving forward. Maybe not I don't know, 538 00:31:53,320 --> 00:31:57,640 Speaker 3: whatever ingot business or whatever, banking business, but you know 539 00:31:58,400 --> 00:32:00,840 Speaker 3: it's still been necessary. And you just look at what 540 00:32:00,920 --> 00:32:06,440 Speaker 3: Jamie Dimond has done. But I think it allowed people 541 00:32:07,640 --> 00:32:11,320 Speaker 3: to kind of hide behind the pandemic. Well, I think 542 00:32:11,400 --> 00:32:17,000 Speaker 3: again personally, it also seemed to have a portal little 543 00:32:17,080 --> 00:32:22,680 Speaker 3: water on creativity or whatever. But I think that's been 544 00:32:22,720 --> 00:32:28,080 Speaker 3: going this way slowly. But surely, why do I say 545 00:32:28,120 --> 00:32:34,480 Speaker 3: that because investors. We had private ality investors, my friends 546 00:32:34,680 --> 00:32:41,960 Speaker 3: whatever at Jay Crew, and they are they won't want 547 00:32:41,960 --> 00:32:44,200 Speaker 3: to make money. I don't blame them. If I invest 548 00:32:44,280 --> 00:32:46,800 Speaker 3: I want to make money too. But when you're a 549 00:32:46,880 --> 00:32:51,440 Speaker 3: director of a company, people are number one people who 550 00:32:51,480 --> 00:32:57,760 Speaker 3: work in that company number one, and earnings are good 551 00:32:58,000 --> 00:32:59,920 Speaker 3: long term. There's no such thing as as part of 552 00:33:00,040 --> 00:33:03,480 Speaker 3: around in my opinion that thanks two years get the 553 00:33:03,520 --> 00:33:07,360 Speaker 3: stock price up, how will it stay up? But in 554 00:33:07,400 --> 00:33:10,720 Speaker 3: all the years, no offense. And these are my friends too, 555 00:33:11,120 --> 00:33:17,040 Speaker 3: people on boards, very few with them, very few had 556 00:33:17,080 --> 00:33:22,040 Speaker 3: a sense of the products we were selling. If you 557 00:33:22,160 --> 00:33:25,240 Speaker 3: look at a schmatta, you know, people say, well, how 558 00:33:25,240 --> 00:33:26,760 Speaker 3: do you know it's going to be good? And not 559 00:33:27,160 --> 00:33:30,000 Speaker 3: I a would say there's something in my stomach to 560 00:33:30,120 --> 00:33:34,640 Speaker 3: and my belly that kind of buzzes. It's that's what happens. 561 00:33:35,120 --> 00:33:39,640 Speaker 3: But in the industry today, with all the data, this 562 00:33:40,640 --> 00:33:44,360 Speaker 3: data does not know how to design a good best 563 00:33:44,400 --> 00:33:49,080 Speaker 3: seller all right, and whatever the other word is that 564 00:33:49,280 --> 00:33:55,040 Speaker 3: tells you how many to buy algorithms. You know, I 565 00:33:55,320 --> 00:33:58,200 Speaker 3: did algorithms when I was twenty three, or it's old 566 00:33:58,240 --> 00:34:00,800 Speaker 3: and a new buyer it blooming does I just didn't 567 00:34:00,840 --> 00:34:05,040 Speaker 3: call it that. I called it looking around, what's the 568 00:34:05,160 --> 00:34:07,880 Speaker 3: sense in the island and all that. But when you 569 00:34:08,040 --> 00:34:10,640 Speaker 3: lose that, you can mention any industry. 570 00:34:10,719 --> 00:34:10,919 Speaker 2: Look. 571 00:34:10,960 --> 00:34:14,560 Speaker 3: I think the cars around America worldwide, of like, I 572 00:34:14,600 --> 00:34:19,000 Speaker 3: don't know who designs them anymore. There are certain standouts, 573 00:34:19,200 --> 00:34:21,720 Speaker 3: but they all have the same swoop in the back 574 00:34:21,840 --> 00:34:24,520 Speaker 3: like it's all I always call it the swoop. I 575 00:34:24,560 --> 00:34:27,200 Speaker 3: get a kick out of it. Looks like they're designed 576 00:34:27,239 --> 00:34:31,000 Speaker 3: in the same design room. And Steve again not to 577 00:34:31,200 --> 00:34:34,280 Speaker 3: you know, he's a good name drop, but I always 578 00:34:34,320 --> 00:34:37,680 Speaker 3: admired him. He was designed with him and Johnny Eye. 579 00:34:38,200 --> 00:34:42,000 Speaker 3: The screwings had to be horson the engine, that this, 580 00:34:42,200 --> 00:34:46,279 Speaker 3: whatever it was, it had to be esthetically right. And 581 00:34:46,320 --> 00:34:49,960 Speaker 3: he was an I call him great worching in terms 582 00:34:50,000 --> 00:34:53,719 Speaker 3: of what he did with the shops. Did everything came 583 00:34:53,760 --> 00:34:56,359 Speaker 3: the best retail in the world. But I think right 584 00:34:56,400 --> 00:35:01,200 Speaker 3: now and as a skip nose, I connetch a lot. 585 00:35:01,840 --> 00:35:04,719 Speaker 3: I can find things. Every day I go to work, 586 00:35:04,760 --> 00:35:07,560 Speaker 3: I want to know what could be better and the 587 00:35:07,640 --> 00:35:11,680 Speaker 3: team sometimes what is he talking about? I went to 588 00:35:11,719 --> 00:35:15,200 Speaker 3: a shop today to check it out, and I knew 589 00:35:15,239 --> 00:35:18,479 Speaker 3: the shop well and I saw something there. I said, 590 00:35:18,480 --> 00:35:20,520 Speaker 3: you know, we walked away. I don't want to say 591 00:35:21,200 --> 00:35:25,840 Speaker 3: we walked away from a fab Why because competitor ish 592 00:35:26,280 --> 00:35:30,560 Speaker 3: uses it and I said, let's bring it back. Why 593 00:35:30,719 --> 00:35:35,120 Speaker 3: who cares if a lesser competitor hasn't will make it 594 00:35:35,520 --> 00:35:39,400 Speaker 3: the ingredient this company? And you know, it's just I 595 00:35:39,440 --> 00:35:43,800 Speaker 3: think the world's lost. I don't know how you feel, 596 00:35:44,360 --> 00:35:47,040 Speaker 3: young Paul and Skip, you knew a lot of people, 597 00:35:47,120 --> 00:35:50,200 Speaker 3: and Skip was in the hotel business when there were 598 00:35:50,320 --> 00:35:54,719 Speaker 3: great things being created, you know, and I don't know 599 00:35:54,760 --> 00:35:58,279 Speaker 3: where that is to except what there's always going to be. 600 00:35:59,160 --> 00:36:02,279 Speaker 3: You know, the out riders do what they do. 601 00:36:02,800 --> 00:36:07,440 Speaker 1: Mickey, back to your saying design and the vision. You know, 602 00:36:07,480 --> 00:36:09,799 Speaker 1: I spend a lot of time in Asia, but going 603 00:36:09,840 --> 00:36:12,160 Speaker 1: there for sixty years. I just got back a few 604 00:36:12,200 --> 00:36:16,400 Speaker 1: months ago. And the evolution over there, those department stores, 605 00:36:17,160 --> 00:36:21,840 Speaker 1: their taste for fashion. How has that affected your business 606 00:36:21,920 --> 00:36:24,600 Speaker 1: or the fashion business? When I see there's so much 607 00:36:25,080 --> 00:36:28,479 Speaker 1: focus on that they're all very small and you see 608 00:36:28,560 --> 00:36:33,080 Speaker 1: smaller design, clothing, et cetera, et cetera. What portion and 609 00:36:33,120 --> 00:36:35,640 Speaker 1: where does that take you in terms of where Asia 610 00:36:36,080 --> 00:36:38,279 Speaker 1: fits into your scheme of things were never used to. 611 00:36:38,640 --> 00:36:41,480 Speaker 3: Well, you know, I don't go to Asian much anymore. 612 00:36:41,560 --> 00:36:45,359 Speaker 3: I think in the past, Tokyo and they had by 613 00:36:45,480 --> 00:36:51,240 Speaker 3: far the best stops in the world creatively and product wise. 614 00:36:51,600 --> 00:36:56,160 Speaker 3: I understand Korea. Now soul career is the next place 615 00:36:56,840 --> 00:37:01,400 Speaker 3: be and it's taking over. I live in my days. 616 00:37:02,800 --> 00:37:07,720 Speaker 3: I can paying attention detail I go into a shop. 617 00:37:08,400 --> 00:37:14,160 Speaker 3: For me, it's not about trends as much as it's 618 00:37:14,239 --> 00:37:19,240 Speaker 3: about the trend that I think is always on trend, 619 00:37:19,640 --> 00:37:23,719 Speaker 3: which is clothes that don't go out of style. This 620 00:37:23,960 --> 00:37:27,719 Speaker 3: shirt here, for example, ten years old, I were the 621 00:37:27,760 --> 00:37:31,319 Speaker 3: same body last twenty years bottomed down blue and white, 622 00:37:31,360 --> 00:37:36,560 Speaker 3: stripe white. I think clothes to them have lost their focus. 623 00:37:37,280 --> 00:37:39,960 Speaker 3: Now I might create a lot of people say, oh, 624 00:37:40,360 --> 00:37:45,640 Speaker 3: but my senses. I only buy things personally. And even 625 00:37:45,680 --> 00:37:49,000 Speaker 3: as a kid, I had a uniform. I didn't know 626 00:37:49,120 --> 00:37:52,439 Speaker 3: I was in grade school. I had to buckle back gin. 627 00:37:52,920 --> 00:37:56,800 Speaker 3: I never thought differently except that I couldn't afford and 628 00:37:56,800 --> 00:38:00,319 Speaker 3: I didn't think about this to buy new clothesal time, 629 00:38:00,440 --> 00:38:05,120 Speaker 3: except because I was growing. I think I get inspiration 630 00:38:06,640 --> 00:38:09,680 Speaker 3: wherever I go. And I said to the team today, 631 00:38:09,719 --> 00:38:14,160 Speaker 3: I said, let's go visit the shops. Even in New 632 00:38:14,239 --> 00:38:17,640 Speaker 3: York city in Manhattan, I went to two shops this morning. 633 00:38:18,080 --> 00:38:21,400 Speaker 3: I came back with those two things and the third 634 00:38:21,520 --> 00:38:26,520 Speaker 3: shop that five women. There was a very upscale fashion 635 00:38:26,560 --> 00:38:30,319 Speaker 3: and company, very cool, and I mentioned, where is the 636 00:38:30,440 --> 00:38:34,319 Speaker 3: alex Mill. We sell them a shell And they said, 637 00:38:34,360 --> 00:38:36,720 Speaker 3: why are you asking? And I said, well I worked there, 638 00:38:37,239 --> 00:38:42,359 Speaker 3: and they said, we love alex Mill. Now I gave 639 00:38:42,440 --> 00:38:47,399 Speaker 3: them it was very terrific, cool company. You know when 640 00:38:47,440 --> 00:38:51,319 Speaker 3: the signor world and I gave the meet sure of 641 00:38:51,400 --> 00:38:55,840 Speaker 3: VIP card and I said, tell your friends. But I 642 00:38:56,640 --> 00:38:58,719 Speaker 3: think creative people. I don't know where you get the 643 00:38:58,800 --> 00:39:03,480 Speaker 3: song in ratio. I'm always amazing people who write songs. 644 00:39:04,000 --> 00:39:07,680 Speaker 3: I can't imagine worse. So I don't you know. I 645 00:39:07,680 --> 00:39:09,279 Speaker 3: don't know, but I find. 646 00:39:09,040 --> 00:39:12,000 Speaker 1: Well, you learn, you learn your craft and it's very spiritual. 647 00:39:12,239 --> 00:39:18,000 Speaker 3: I practice my craft for forty five years. That's right, 648 00:39:18,400 --> 00:39:21,799 Speaker 3: your craft and and to me and it's not like, 649 00:39:21,920 --> 00:39:24,160 Speaker 3: oh my god, and I did it. Some people say 650 00:39:24,200 --> 00:39:27,319 Speaker 3: why did white work? To me, it's what I do. 651 00:39:27,880 --> 00:39:32,280 Speaker 3: And I think if in an igic way, I feel 652 00:39:32,760 --> 00:39:34,960 Speaker 3: I do it better now than I ust. So you 653 00:39:35,080 --> 00:39:35,520 Speaker 3: believe it. 654 00:39:35,560 --> 00:39:40,160 Speaker 1: You believe in micromanaging, Oh well, I beyond and I'll 655 00:39:40,200 --> 00:39:40,919 Speaker 1: tell you what I think. 656 00:39:41,040 --> 00:39:46,160 Speaker 3: Micromanagings. It's a term that doesn't get respect. You know. 657 00:39:46,160 --> 00:39:50,040 Speaker 3: It's like what in danger you got all respect? You 658 00:39:50,040 --> 00:39:53,120 Speaker 3: know what it is. And I say this, I come 659 00:39:53,200 --> 00:39:59,120 Speaker 3: in and I say anything a customer thieves or fields 660 00:40:00,040 --> 00:40:04,200 Speaker 3: and it's not right. Make it better, you know. It's 661 00:40:04,200 --> 00:40:09,200 Speaker 3: it's simple. And I see my nusha. I see big pictures. 662 00:40:09,640 --> 00:40:13,920 Speaker 3: But I am trained being a customer all my life. 663 00:40:14,480 --> 00:40:17,680 Speaker 3: And I know right away from a good vibe when 664 00:40:17,760 --> 00:40:21,960 Speaker 3: you get greeted in the restaurant. You know, big line restaurants. 665 00:40:21,960 --> 00:40:25,360 Speaker 3: I couldn't kill us who goes there because there's a line. 666 00:40:26,120 --> 00:40:31,800 Speaker 3: I feel it. So anyway, that's it in micromanaging. I 667 00:40:31,800 --> 00:40:35,319 Speaker 3: if it's I look, I said, I was at a 668 00:40:35,360 --> 00:40:39,839 Speaker 3: meeting with a bunch of CEOs and my friend said, 669 00:40:39,960 --> 00:40:44,080 Speaker 3: yeahe it runs whatever the vision. And he said, please 670 00:40:44,200 --> 00:40:48,319 Speaker 3: come and sit down and just spend some time with me. 671 00:40:49,000 --> 00:40:52,880 Speaker 3: Terrific guy Jeff Snfeld, who you might know, he's always 672 00:40:52,960 --> 00:40:56,640 Speaker 3: on CNBC. So this is about six or seven years ago. 673 00:40:56,680 --> 00:40:58,840 Speaker 3: I sat in and I don't like to go to 674 00:40:59,239 --> 00:41:03,239 Speaker 3: I don't have patience to send meetings. But anyway I 675 00:41:03,280 --> 00:41:06,080 Speaker 3: sat there must have been at one hundred CEOs, and 676 00:41:06,160 --> 00:41:09,920 Speaker 3: I'm like, I just went in twenty minutes. It's the 677 00:41:10,040 --> 00:41:13,920 Speaker 3: CEO of a car was there and they showed a 678 00:41:14,080 --> 00:41:18,600 Speaker 3: car think screen and Jeff said, Mickey, what do you 679 00:41:18,680 --> 00:41:23,200 Speaker 3: think of that car? And it was a classic car 680 00:41:23,800 --> 00:41:28,680 Speaker 3: like I liked. It was design, had integrity, et cetera, 681 00:41:28,840 --> 00:41:32,240 Speaker 3: et cetera. But I said, I said this, I said, 682 00:41:32,320 --> 00:41:37,200 Speaker 3: but I would never buy that car. And they said why. 683 00:41:37,200 --> 00:41:41,919 Speaker 3: I said, crustal wheels ruined the car. All I see 684 00:41:42,000 --> 00:41:48,200 Speaker 3: is ugly wheels, and and that to me is, you know, 685 00:41:48,320 --> 00:41:51,600 Speaker 3: part of what the world's like. I was invited by 686 00:41:51,640 --> 00:41:56,279 Speaker 3: the CEO to go to Detroit and they invited you 687 00:41:56,320 --> 00:41:59,840 Speaker 3: to go to the design room. Now the CEO, I like, 688 00:42:00,239 --> 00:42:03,400 Speaker 3: and I still do, didn't go with me to the 689 00:42:03,520 --> 00:42:07,520 Speaker 3: design room. I mean, you know, even as an inviting guests, 690 00:42:08,080 --> 00:42:13,400 Speaker 3: obviously he was involved in designing his product. So I 691 00:42:13,480 --> 00:42:17,360 Speaker 3: came back. He said, what do you think. I said, Well, 692 00:42:17,719 --> 00:42:23,200 Speaker 3: here was seven people designing a car, and one of 693 00:42:23,239 --> 00:42:26,960 Speaker 3: them did the interior, the other did grill, the other 694 00:42:27,680 --> 00:42:31,880 Speaker 3: pull street. It was like putting together like you know, 695 00:42:32,080 --> 00:42:35,959 Speaker 3: I guess when Picassa painted it was his point of view, 696 00:42:36,480 --> 00:42:41,480 Speaker 3: and you know, I think that's what goes on creativity. Look, 697 00:42:41,600 --> 00:42:48,680 Speaker 3: I might oversee to me, creativity opened this curiosity. I'm 698 00:42:48,719 --> 00:42:49,520 Speaker 3: a detective. 699 00:42:50,040 --> 00:42:53,719 Speaker 1: Very important, very important, mutually important. 700 00:42:53,719 --> 00:42:54,640 Speaker 3: I am a detective. 701 00:42:54,840 --> 00:42:58,319 Speaker 2: I just wrote that down because I just literally wrote 702 00:42:58,320 --> 00:43:00,600 Speaker 2: a note to myself about curiosity. See one of the 703 00:43:00,600 --> 00:43:03,000 Speaker 2: things that was fascinating Paul. I went to visit Mickey 704 00:43:03,680 --> 00:43:05,560 Speaker 2: back when he was running Jay Crew, and he had 705 00:43:05,560 --> 00:43:08,239 Speaker 2: this gigantic building with all these people and it. He 706 00:43:08,280 --> 00:43:10,600 Speaker 2: had a bicycle and he actually used to ride around, 707 00:43:10,920 --> 00:43:13,960 Speaker 2: go from place to place within the company to pop 708 00:43:14,000 --> 00:43:18,000 Speaker 2: in on people, you know, and petrify everybody. But you know, 709 00:43:18,080 --> 00:43:20,520 Speaker 2: one day I was sitting in his office and somebody 710 00:43:20,560 --> 00:43:23,720 Speaker 2: came in. You talk about how the zeitgeist. Somebody mentioned 711 00:43:23,719 --> 00:43:25,959 Speaker 2: to Mickey the lavender was going to be a really 712 00:43:25,960 --> 00:43:29,560 Speaker 2: big color. Mickey had this PA system in the building, 713 00:43:29,640 --> 00:43:32,160 Speaker 2: and Micky would get on the public address system and 714 00:43:32,200 --> 00:43:36,840 Speaker 2: go lavender, bring me lavender, And people would start walking 715 00:43:36,880 --> 00:43:41,400 Speaker 2: into the office scarves. Somebody had scarves, somebody had skirts. 716 00:43:41,440 --> 00:43:42,640 Speaker 2: You know, he was looking. 717 00:43:42,360 --> 00:43:47,160 Speaker 1: At I'll give you my lavender story way off point, 718 00:43:47,239 --> 00:43:50,520 Speaker 1: but I never heard anymore. I moved to Italy in 719 00:43:50,560 --> 00:43:54,359 Speaker 1: the sixties, because the Beatles hit town and I'd been 720 00:43:54,400 --> 00:43:57,400 Speaker 1: an international creature, and I said, you know what, Italy 721 00:43:57,480 --> 00:43:59,560 Speaker 1: is the place. So I started a company with RCAA 722 00:43:59,640 --> 00:44:04,799 Speaker 1: Victor and I'm recording. I'm doing an Italian But I 723 00:44:04,880 --> 00:44:08,680 Speaker 1: wanted to meet Gina. Sophia Lauren. She was the hot thing. 724 00:44:09,320 --> 00:44:12,239 Speaker 1: Remember you remember the film where she was bare breasted 725 00:44:12,960 --> 00:44:16,320 Speaker 1: in the sixties and no one ever seen an actress 726 00:44:16,440 --> 00:44:19,399 Speaker 1: like that, And ever since I saw it, I said, 727 00:44:19,400 --> 00:44:21,880 Speaker 1: I gotta meet this woman. Anyway, fade out, fade in. 728 00:44:22,440 --> 00:44:25,799 Speaker 1: I'm there at noon and back then, Perry Como and 729 00:44:25,880 --> 00:44:29,239 Speaker 1: Crosby and all those guys. They started everybody off with 730 00:44:29,320 --> 00:44:34,200 Speaker 1: those cardigan sweaters, all colors, buttoned up to here, and 731 00:44:34,280 --> 00:44:36,439 Speaker 1: I bought a I must have bought a dozen, one 732 00:44:36,480 --> 00:44:39,880 Speaker 1: of which was lavender. So I'm getting ready at the 733 00:44:39,920 --> 00:44:42,839 Speaker 1: hotel and I'm going into the studio and I put 734 00:44:42,880 --> 00:44:46,680 Speaker 1: on my lavender sweater to impress Sophia Lauren. And I'm 735 00:44:46,760 --> 00:44:50,160 Speaker 1: standing there by a mic and I'm counting the seconds 736 00:44:50,520 --> 00:44:53,080 Speaker 1: and over the loud speaker in the studio, Miss Lauren 737 00:44:53,200 --> 00:44:55,920 Speaker 1: is coming into the building. She'll be in a minute. 738 00:44:56,160 --> 00:45:00,480 Speaker 1: I'm standing and I'm waiting and Sophia Lauren walks into 739 00:45:00,560 --> 00:45:04,719 Speaker 1: the studio and starts coming towards me. Well, you know, 740 00:45:04,840 --> 00:45:06,759 Speaker 1: all of us, I don't care how much money we 741 00:45:06,880 --> 00:45:09,560 Speaker 1: have or our experience in life, you're gonna meet that 742 00:45:09,640 --> 00:45:13,359 Speaker 1: one person where you're absolutely no tongue tied. I don't 743 00:45:13,400 --> 00:45:16,239 Speaker 1: care who you think you are. She walks up to 744 00:45:16,320 --> 00:45:20,080 Speaker 1: me and she goes, oh, oh my god, you're wearing 745 00:45:20,080 --> 00:45:23,680 Speaker 1: a lavender purple sweater. It's in my unlucky color. And 746 00:45:23,800 --> 00:45:25,800 Speaker 1: she left the fucking studio. 747 00:45:27,320 --> 00:45:28,120 Speaker 3: Too funny. 748 00:45:28,200 --> 00:45:31,960 Speaker 1: And I never had to. I couldn't say left unlucky number. 749 00:45:32,000 --> 00:45:36,000 Speaker 3: I'm believing that is too funny for the record. Skip 750 00:45:36,320 --> 00:45:40,520 Speaker 3: would never be a lap into color that I okay, 751 00:45:40,719 --> 00:45:44,440 Speaker 3: I just wanted whatever, just the correct set the record straight, 752 00:45:44,719 --> 00:45:45,719 Speaker 3: right exactly. 753 00:45:56,600 --> 00:45:59,719 Speaker 2: By the way, talk about these various brands, I'm thinking 754 00:45:59,760 --> 00:46:02,040 Speaker 2: about what you've done and were you know, like the 755 00:46:02,160 --> 00:46:05,839 Speaker 2: companies that you've sort of followed or invested in, and 756 00:46:06,239 --> 00:46:07,239 Speaker 2: like what do you look for? 757 00:46:07,680 --> 00:46:13,879 Speaker 3: Well, I'm going to be a very circumspect companies. Well, 758 00:46:13,920 --> 00:46:20,120 Speaker 3: I'll tell you about Gap. Don Fishing invented a great company. 759 00:46:20,800 --> 00:46:24,520 Speaker 1: It was Levi's the Gap what he and his wife right, 760 00:46:24,600 --> 00:46:25,319 Speaker 1: Nicky the wife. 761 00:46:25,400 --> 00:46:31,080 Speaker 3: Also at the GAP nineteen people who found and start companies, 762 00:46:31,719 --> 00:46:34,880 Speaker 3: and you know a lot of examples, they bring it 763 00:46:34,920 --> 00:46:40,080 Speaker 3: to a certain point and then they don't know round 764 00:46:40,200 --> 00:46:44,759 Speaker 3: two or three happiness all the time. At Gap, Don 765 00:46:44,920 --> 00:46:48,040 Speaker 3: was smart enough to know when he hired me, not 766 00:46:48,120 --> 00:46:51,120 Speaker 3: that he knew I would be successful or not that 767 00:46:51,239 --> 00:46:55,480 Speaker 3: the company was in trouble, and it was in trouble 768 00:46:55,600 --> 00:47:00,960 Speaker 3: going this way. And because he invented there's a lot 769 00:47:01,000 --> 00:47:05,840 Speaker 3: of inventions where the founders in a way have to 770 00:47:05,920 --> 00:47:08,919 Speaker 3: keep telling you all own examples involved. I can't think 771 00:47:08,920 --> 00:47:13,440 Speaker 3: of it. So anyway, you know the thing, I'm not 772 00:47:13,480 --> 00:47:18,480 Speaker 3: a great investor in companies because when I invest in businesses, 773 00:47:19,520 --> 00:47:25,320 Speaker 3: I always think, well, outdoor voices perfect example, where forget 774 00:47:25,360 --> 00:47:29,800 Speaker 3: about it. When I invest in companies, I think about 775 00:47:29,960 --> 00:47:34,959 Speaker 3: then in my own vision and imagination. When I got 776 00:47:35,000 --> 00:47:40,640 Speaker 3: involved in outdoor Voices, I thought that, wow, this is 777 00:47:40,760 --> 00:47:46,600 Speaker 3: a competitor to lenment. But stories not pretty the end 778 00:47:46,600 --> 00:47:50,800 Speaker 3: of it. But I was chairman. I was given those story. 779 00:47:51,360 --> 00:47:54,960 Speaker 3: So but anyway, you've got to look at the long 780 00:47:55,080 --> 00:48:00,600 Speaker 3: term and building a company never ends every single day. 781 00:48:00,719 --> 00:48:07,279 Speaker 3: I was a GAP for eighteen years. One day I 782 00:48:07,440 --> 00:48:11,839 Speaker 3: was out the next day, Steve Jobs called me at night, 783 00:48:12,680 --> 00:48:17,080 Speaker 3: tomorrow's your last day. They wouldn't tell him because and 784 00:48:17,160 --> 00:48:19,839 Speaker 3: this is not a secret, it's he called me at 785 00:48:19,920 --> 00:48:23,320 Speaker 3: night when they had to tell him. And eighteen years 786 00:48:24,040 --> 00:48:28,120 Speaker 3: had to rock the year. But hello, So you know, 787 00:48:28,239 --> 00:48:33,080 Speaker 3: you just got to understand what people I and I 788 00:48:33,320 --> 00:48:39,080 Speaker 3: integert and sensitively and working for your associates is the 789 00:48:39,160 --> 00:48:43,239 Speaker 3: number one ingredient of building a great company. But a 790 00:48:43,239 --> 00:48:46,960 Speaker 3: lot of people get very self impressed by look at 791 00:48:46,960 --> 00:48:50,440 Speaker 3: the chair on and on this some of that. You know, 792 00:48:50,520 --> 00:48:53,480 Speaker 3: That's why I thank my growing up years because I 793 00:48:53,480 --> 00:48:57,239 Speaker 3: didn't know anyone who like was a big shot, was 794 00:48:57,280 --> 00:49:01,200 Speaker 3: a mentor who really was very nice. So I'll call 795 00:49:01,360 --> 00:49:03,320 Speaker 3: the little people, which I want to. 796 00:49:03,960 --> 00:49:05,759 Speaker 2: But you talk about you know, one day, all of 797 00:49:05,800 --> 00:49:07,919 Speaker 2: a sudden, you're gone. So Paul and I are big 798 00:49:07,960 --> 00:49:11,800 Speaker 2: hockey fans. We love watching hockey. And my friend Joel 799 00:49:11,840 --> 00:49:14,880 Speaker 2: Quinnville was the head coach of the Chicago Blackhawks, a 800 00:49:14,920 --> 00:49:17,920 Speaker 2: team that hadn't won the Stanley Cup in decades. He 801 00:49:18,080 --> 00:49:24,560 Speaker 2: won three Stanley Cups, three and all. Then he had 802 00:49:24,560 --> 00:49:27,920 Speaker 2: a bad year and boom he was gone. That was 803 00:49:27,960 --> 00:49:31,600 Speaker 2: it had a bad year and he turned around that's 804 00:49:31,640 --> 00:49:34,319 Speaker 2: what happens. I mean, you see it all the time 805 00:49:34,360 --> 00:49:36,440 Speaker 2: in your business, right, it happens. 806 00:49:36,120 --> 00:49:39,680 Speaker 3: All the time. What had been done from me lately. 807 00:49:39,800 --> 00:49:42,520 Speaker 2: So speaking of things being gone, because Paul touched on 808 00:49:42,560 --> 00:49:44,120 Speaker 2: this before, but I just would love for you to 809 00:49:44,160 --> 00:49:47,320 Speaker 2: amplify this. When I started my career as a shopping 810 00:49:47,360 --> 00:49:50,759 Speaker 2: center developer, and mel Simon and Herb Simon believed in 811 00:49:50,840 --> 00:49:53,040 Speaker 2: me and they gave me money to go out and 812 00:49:53,560 --> 00:49:57,320 Speaker 2: start some projects, you had to have a three department 813 00:49:57,360 --> 00:49:59,920 Speaker 2: store or even a four department store and closed mall. 814 00:50:00,239 --> 00:50:02,080 Speaker 2: That was it. If I wanted to get you as 815 00:50:02,080 --> 00:50:05,359 Speaker 2: a retailer, in order to get you into that into 816 00:50:05,400 --> 00:50:07,920 Speaker 2: my shopping center, it had to have three or four 817 00:50:07,960 --> 00:50:11,200 Speaker 2: department stores in an enclosed all environment. And now, of 818 00:50:11,239 --> 00:50:15,239 Speaker 2: course that's completely gone. I mean there's no such thing there. 819 00:50:15,280 --> 00:50:19,520 Speaker 2: I mean they're a very limited number that still even exists. 820 00:50:19,920 --> 00:50:23,360 Speaker 2: But as you look forward with trends, because you know, 821 00:50:23,440 --> 00:50:26,600 Speaker 2: we had Derek Blasberg on on one of our podcasts 822 00:50:26,880 --> 00:50:29,680 Speaker 2: and he was terrific and talked about quiet luxury and 823 00:50:29,719 --> 00:50:33,200 Speaker 2: he talked about the new phases and new concepts. But 824 00:50:33,320 --> 00:50:37,000 Speaker 2: from retail, is there any particular thing that you see 825 00:50:37,040 --> 00:50:41,000 Speaker 2: evolving that other people maybe don't see, or that the 826 00:50:41,040 --> 00:50:43,240 Speaker 2: next step in the retail world. 827 00:50:43,920 --> 00:50:46,960 Speaker 3: Well, you know, it's a good question. I don't, by 828 00:50:47,000 --> 00:50:52,319 Speaker 3: the way, have any clue what quiet luxury is. Is 829 00:50:52,360 --> 00:50:56,200 Speaker 3: it luxury that doesn't make noise? I don't know what 830 00:50:56,320 --> 00:50:58,800 Speaker 3: it is. It's can they say, kind of the screet 831 00:50:58,960 --> 00:51:03,840 Speaker 3: maybe everyone one those who's wearing whatever I think clothes 832 00:51:03,920 --> 00:51:08,160 Speaker 3: have to be. I call them normalized. I look at 833 00:51:08,400 --> 00:51:13,080 Speaker 3: the way people dressed forgetting my own style. The chain's 834 00:51:13,200 --> 00:51:17,280 Speaker 3: a vintage. I've worn the same style shoes in rolling years. 835 00:51:17,440 --> 00:51:22,919 Speaker 3: But I think, to me, important things have lasting poor. 836 00:51:23,640 --> 00:51:27,200 Speaker 3: They're plastic, but they don't go out of style, and 837 00:51:27,280 --> 00:51:29,920 Speaker 3: they don't you don't have to take a mortgage out 838 00:51:30,320 --> 00:51:34,960 Speaker 3: to buy them. And what people say, I listen, you 839 00:51:35,000 --> 00:51:40,439 Speaker 3: know the clothes today, the prices of designer clothes kind 840 00:51:40,440 --> 00:51:46,680 Speaker 3: of forget of people's pocketbook, and then they line up 841 00:51:46,719 --> 00:51:52,640 Speaker 3: at the stores. They're buying prestige and status all my opinion, 842 00:51:52,760 --> 00:51:55,160 Speaker 3: because they have this now. When I was a young 843 00:51:55,239 --> 00:51:59,320 Speaker 3: guy in my late twenties, thirties, and then again I 844 00:51:59,320 --> 00:52:04,080 Speaker 3: went to Florence, I used to go there, you know, 845 00:52:04,320 --> 00:52:07,040 Speaker 3: for Italy. I was a sweater bowl, and I think 846 00:52:07,080 --> 00:52:11,759 Speaker 3: I waited online for Gucci buckle loaf from once and 847 00:52:11,800 --> 00:52:15,399 Speaker 3: that was a big deal. Now I don't know what 848 00:52:15,440 --> 00:52:18,200 Speaker 3: the big deals are and the prices. I know what 849 00:52:18,440 --> 00:52:21,000 Speaker 3: things cost, and I know a lot of people are 850 00:52:21,000 --> 00:52:25,560 Speaker 3: talking about the price of close, even not designer closed. 851 00:52:26,120 --> 00:52:29,960 Speaker 3: We are fair. That's my gain, always has been my paging. 852 00:52:30,640 --> 00:52:34,640 Speaker 3: Fair price is good value. And the other thing that's happening, 853 00:52:34,719 --> 00:52:39,120 Speaker 3: which is ominous, is if you start to look at 854 00:52:39,600 --> 00:52:44,919 Speaker 3: the prices of the sales that's going on, because there's 855 00:52:44,960 --> 00:52:48,440 Speaker 3: this thing happening which I hear from a lot of people. 856 00:52:49,200 --> 00:52:54,920 Speaker 3: The retailers are buying the goods, they price them at 857 00:52:54,960 --> 00:52:58,960 Speaker 3: a higher price. Why because when they go on sale 858 00:52:59,400 --> 00:53:02,040 Speaker 3: they can get their normal margin, and you know what 859 00:53:02,080 --> 00:53:05,919 Speaker 3: that does to the integering of any business. So I'm 860 00:53:05,920 --> 00:53:10,239 Speaker 3: not a big proponent if in fact, people came in 861 00:53:10,760 --> 00:53:14,120 Speaker 3: who didn't see you around corners, who had high integrity 862 00:53:14,160 --> 00:53:17,919 Speaker 3: and a vision, and again some of them lvah, I mean, 863 00:53:18,360 --> 00:53:22,680 Speaker 3: who's more, you know, more successful. On the other hand, 864 00:53:22,920 --> 00:53:26,440 Speaker 3: I don't know who we pay three thousand dollars for 865 00:53:26,600 --> 00:53:31,319 Speaker 3: crue neck casume sweater, but they do. So I'm not 866 00:53:31,360 --> 00:53:36,520 Speaker 3: a big I'm not that optimistic. I always judge every 867 00:53:36,719 --> 00:53:42,040 Speaker 3: business by the people at the top, and there's always 868 00:53:42,080 --> 00:53:45,920 Speaker 3: in every probably music is it's skiff been real sick. 869 00:53:46,120 --> 00:53:48,960 Speaker 3: You look at who's setting the tone, and you'll look 870 00:53:49,000 --> 00:53:53,640 Speaker 3: at who's responsible, and then it goes from there. 871 00:53:54,080 --> 00:53:57,160 Speaker 1: Correct, you're very informative. That will you say sales? I've 872 00:53:57,239 --> 00:54:00,520 Speaker 1: always abused with that because in reality, do they go 873 00:54:00,600 --> 00:54:03,319 Speaker 1: in and they say a sale item. They don't just 874 00:54:03,400 --> 00:54:06,920 Speaker 1: buy that, They buy three others and it's not a sale. 875 00:54:07,200 --> 00:54:07,640 Speaker 3: Yeah. 876 00:54:07,800 --> 00:54:20,799 Speaker 8: Well, you're right, Paul is a bit of a fashionista. 877 00:54:20,920 --> 00:54:24,160 Speaker 2: Obviously he has to perform. But what we talked about 878 00:54:24,200 --> 00:54:25,880 Speaker 2: the fact when we used to go buy these custom 879 00:54:25,920 --> 00:54:28,279 Speaker 2: made suits. Now you look in New York if you 880 00:54:28,320 --> 00:54:32,000 Speaker 2: went to a lawyer's office, and let's say the nineties 881 00:54:32,120 --> 00:54:35,480 Speaker 2: or even two thousand and you went to a meeting 882 00:54:35,640 --> 00:54:37,520 Speaker 2: and you didn't have a coat and tie on, I 883 00:54:37,560 --> 00:54:39,239 Speaker 2: mean they look at you like there was something wrong 884 00:54:39,239 --> 00:54:39,480 Speaker 2: with you. 885 00:54:39,640 --> 00:54:39,759 Speaker 5: One. 886 00:54:41,040 --> 00:54:43,879 Speaker 2: Now, did you ever, in your wildest dreams think that 887 00:54:44,280 --> 00:54:47,600 Speaker 2: not only would people no longer be wearing neckties, but 888 00:54:47,640 --> 00:54:50,160 Speaker 2: they would no longer be wearing suits to work? 889 00:54:50,239 --> 00:54:55,399 Speaker 3: Well, you know, I never kind of felt would say that, 890 00:54:55,440 --> 00:55:01,600 Speaker 3: but we did a casual Fridays at the at Wall 891 00:55:01,680 --> 00:55:06,440 Speaker 3: Street and stock Market when we were at GAP and 892 00:55:07,200 --> 00:55:10,879 Speaker 3: I think people say that we have had a lot 893 00:55:10,960 --> 00:55:17,799 Speaker 3: to do with the casualizing of appalling the world, and I, 894 00:55:18,160 --> 00:55:20,160 Speaker 3: you know, I think it's a nice thing to think 895 00:55:20,200 --> 00:55:21,960 Speaker 3: we had a lot to do with it. But when 896 00:55:22,000 --> 00:55:25,719 Speaker 3: we did, I'll never forget that Friday. We created casual 897 00:55:25,840 --> 00:55:29,520 Speaker 3: Friday and who thought it would change the world. But 898 00:55:29,680 --> 00:55:33,719 Speaker 3: over the years casual clothes. Look at today, it's rare 899 00:55:33,760 --> 00:55:36,600 Speaker 3: to see someone with a tie. I'm not saying it's 900 00:55:36,640 --> 00:55:39,319 Speaker 3: right or wrong. I think it's much more comfortable the 901 00:55:39,400 --> 00:55:43,640 Speaker 3: way we dress without the you know, net's been tight a. 902 00:55:44,200 --> 00:55:46,840 Speaker 2: How about how about in Europe, like in London in Paris. 903 00:55:46,920 --> 00:55:50,160 Speaker 3: You know, I haven't the last few years. I haven't 904 00:55:50,680 --> 00:55:54,759 Speaker 3: been there, so I don't have an opinion. I don't know. 905 00:55:55,600 --> 00:55:58,000 Speaker 1: Well, I've seen it. I you know, I've been going 906 00:55:58,040 --> 00:56:01,040 Speaker 1: there quite a bit for years, and you'd be amazed, 907 00:56:01,640 --> 00:56:05,400 Speaker 1: Skip Mickey, I stayed at the Ritz for years, and 908 00:56:05,480 --> 00:56:09,440 Speaker 1: the complaint in the last few years from the Matre D's, 909 00:56:09,640 --> 00:56:13,800 Speaker 1: the restaurants with the influx of a certain different crowd. 910 00:56:13,840 --> 00:56:17,279 Speaker 1: I'll leave it at that. They're sitting there in shorts 911 00:56:17,400 --> 00:56:20,759 Speaker 1: and running shoes, and because they've got money, they let 912 00:56:20,800 --> 00:56:23,440 Speaker 1: them into the bar. They let him into the restaurant. 913 00:56:23,760 --> 00:56:26,120 Speaker 1: And it's the most frightening thing to see because I've 914 00:56:26,160 --> 00:56:29,160 Speaker 1: known them through the years, the owners, etc. They say, 915 00:56:29,160 --> 00:56:31,600 Speaker 1: we don't know what to do about it. Their parents 916 00:56:31,800 --> 00:56:34,880 Speaker 1: are here and these kids have all this money and 917 00:56:34,920 --> 00:56:37,719 Speaker 1: that's the way they dress. And we get complaints. 918 00:56:37,360 --> 00:56:40,160 Speaker 2: Because you'd go to Broadway, you know, back in the day, 919 00:56:40,320 --> 00:56:42,160 Speaker 2: and you know people were dressed up to go to 920 00:56:42,200 --> 00:56:45,480 Speaker 2: a play. Now you know, we were in New York recently, 921 00:56:45,520 --> 00:56:48,280 Speaker 2: went to a show. No one wearing a jacket or tie. 922 00:56:48,480 --> 00:56:51,040 Speaker 1: Skip you know how you know how we traveled years ago, 923 00:56:51,080 --> 00:56:55,319 Speaker 1: and I started traveling in the fifties, right but right 924 00:56:55,760 --> 00:56:57,920 Speaker 1: for so many years. And I'm sure you guys can 925 00:56:58,000 --> 00:57:05,400 Speaker 1: identify everyone the travel on an aircraft, shirt, tie, the cats, 926 00:57:05,560 --> 00:57:08,760 Speaker 1: the women were depped, they got off the plane looking 927 00:57:08,800 --> 00:57:12,960 Speaker 1: like they walked out or wherever. Unilaterally, everybody was dressed 928 00:57:13,120 --> 00:57:14,480 Speaker 1: on that aircraft. 929 00:57:14,040 --> 00:57:18,640 Speaker 3: A hundred percent. I was talking about that with a 930 00:57:18,680 --> 00:57:22,520 Speaker 3: friend today. Our son, who's sixteed goes with a suit 931 00:57:22,640 --> 00:57:25,760 Speaker 3: and tie on an airplane. It's probably the only kid 932 00:57:25,800 --> 00:57:28,400 Speaker 3: in the world. But you know the world's change in 933 00:57:28,400 --> 00:57:31,040 Speaker 3: that regard, and I don't you know, I don't want 934 00:57:31,080 --> 00:57:33,880 Speaker 3: to be from the man born. I'm not, but you know, 935 00:57:34,720 --> 00:57:37,720 Speaker 3: to me there's a certain amount of pride and people 936 00:57:38,160 --> 00:57:42,840 Speaker 3: you know, the closer what they are, right. 937 00:57:41,560 --> 00:57:43,080 Speaker 1: Nicky, let me ask you. I want to ask them 938 00:57:43,080 --> 00:57:48,080 Speaker 1: the evolution into those brilliant gap ads. How'd you come 939 00:57:48,160 --> 00:57:48,520 Speaker 1: up with that? 940 00:57:48,600 --> 00:57:49,480 Speaker 3: Who came up with that? 941 00:57:49,520 --> 00:57:50,520 Speaker 1: I assume that was you? 942 00:57:50,560 --> 00:57:55,720 Speaker 3: No, well, I don't you never do anything by your 943 00:57:56,280 --> 00:57:59,919 Speaker 3: team and a gap I never forget. The first can 944 00:58:00,160 --> 00:58:05,680 Speaker 3: pain was individuals of style and the woman I worked with, Maggie, 945 00:58:05,880 --> 00:58:09,400 Speaker 3: I kept saying, it was just you felt that I 946 00:58:09,560 --> 00:58:15,280 Speaker 3: sent our closed Gap. Look, they're very good looking clothes, 947 00:58:15,920 --> 00:58:19,960 Speaker 3: simple and they go with almost anything. And we were 948 00:58:20,080 --> 00:58:26,600 Speaker 3: noticing people who fancied Dan dresses, designer clothes were wearing 949 00:58:26,600 --> 00:58:29,040 Speaker 3: a Gap T shirt that were wearing this from the 950 00:58:29,160 --> 00:58:34,520 Speaker 3: Gap and that campaign. We talked about it, saying, let's 951 00:58:34,800 --> 00:58:38,720 Speaker 3: show people, I mean, this takes time to think it through. 952 00:58:39,360 --> 00:58:46,320 Speaker 3: Cool people wearing Gap clothes T shirts classics on well known, 953 00:58:46,880 --> 00:58:51,640 Speaker 3: very hit people and they were free that and my 954 00:58:52,160 --> 00:58:58,440 Speaker 3: teen members, Maggie and I think Jeff. There were a 955 00:58:58,440 --> 00:59:02,280 Speaker 3: bunch of people there, but you know all these things 956 00:59:02,480 --> 00:59:06,520 Speaker 3: that came. Maggie came up to me one day. Jim 957 00:59:06,560 --> 00:59:10,600 Speaker 3: also was there, and she should said, what do you 958 00:59:10,720 --> 00:59:15,320 Speaker 3: think of these pictures? It's called black and white campaign? 959 00:59:15,600 --> 00:59:20,760 Speaker 3: I looked by Jones and this one. Louis armsbilled that 960 00:59:20,800 --> 00:59:26,640 Speaker 3: one and that one. I said, it's effing unbelieving. It 961 00:59:26,760 --> 00:59:31,880 Speaker 3: takes two or more, but you know, I might inspire. 962 00:59:33,280 --> 00:59:38,000 Speaker 3: She and her team broke and the campaigns there at 963 00:59:38,080 --> 00:59:42,960 Speaker 3: Gap at Old Nady, Richard Chrisman did Old Nandy. Old 964 00:59:43,040 --> 00:59:47,120 Speaker 3: Lady now is ten or eleven billion dollars of gaps 965 00:59:47,240 --> 00:59:52,960 Speaker 3: business and we started it on a win because Stayton Hudson, 966 00:59:53,000 --> 00:59:57,720 Speaker 3: the target was opening up a competitor to Gap, and 967 00:59:57,760 --> 01:00:02,200 Speaker 3: it was an article in the Times Curious tactive. So 968 01:00:02,280 --> 01:00:04,320 Speaker 3: I flew them all in America. I looked at their 969 01:00:04,600 --> 01:00:09,760 Speaker 3: version of Gap at cheaper prices. Two minutes I was 970 01:00:09,800 --> 01:00:13,800 Speaker 3: in store. I let feeling, wow, they're not going to 971 01:00:13,800 --> 01:00:17,800 Speaker 3: touch us. But I also said they were a company 972 01:00:17,840 --> 01:00:21,560 Speaker 3: that does a lot of warranket research. My market research 973 01:00:21,720 --> 01:00:24,800 Speaker 3: hours is yes, someone in the street as someone in store. 974 01:00:25,560 --> 01:00:31,360 Speaker 3: Wrong story short, very I gained I got back to 975 01:00:31,640 --> 01:00:36,360 Speaker 3: San Francisco, gave ten people in that demography two hundred 976 01:00:36,360 --> 01:00:41,640 Speaker 3: dollars each. I assigned them a discount shop and a category. 977 01:00:41,840 --> 01:00:44,800 Speaker 3: So go to Walmart and buy these shirts. Go here. 978 01:00:45,320 --> 01:00:48,360 Speaker 3: And a week later they came back. I was so 979 01:00:48,560 --> 01:00:53,240 Speaker 3: happy to hear what they said. They want nice merchand bikes. 980 01:00:53,360 --> 01:00:57,280 Speaker 3: They don't care if the prices are eight ninety seven Walmart. 981 01:00:57,320 --> 01:01:01,640 Speaker 3: You stillways ending non prices. They don't want sale, they 982 01:01:01,680 --> 01:01:06,240 Speaker 3: want fair every day prices cling stores, and they like that. 983 01:01:07,600 --> 01:01:12,480 Speaker 3: After that meeting, I said to myself, Besidelude, I said, 984 01:01:12,640 --> 01:01:17,800 Speaker 3: we're doing this company. And we had Jeff started in Jenny, 985 01:01:17,920 --> 01:01:21,720 Speaker 3: my old partners who ran the other businesses there, and 986 01:01:22,160 --> 01:01:24,040 Speaker 3: we worked on it and this is kind of an 987 01:01:24,120 --> 01:01:28,760 Speaker 3: interesting corporate story. Couldn't come up with Nate. And we 988 01:01:28,760 --> 01:01:33,240 Speaker 3: were ready to launch a month or two. And in Paris, 989 01:01:34,160 --> 01:01:39,480 Speaker 3: shopping shops or whatever, I'm on my way to the airport. 990 01:01:39,920 --> 01:01:43,040 Speaker 3: I look out the window. Let me get Thank god, 991 01:01:43,040 --> 01:01:46,919 Speaker 3: I'm in the back seat on the left roussa, Germaine. 992 01:01:47,360 --> 01:01:52,360 Speaker 3: I see a neon light on a bar old Navy. 993 01:01:53,560 --> 01:01:59,480 Speaker 3: I said, that's the name that what happens in bureaucracies 994 01:02:00,120 --> 01:02:04,800 Speaker 3: registered in New York. It wasn't taken Old Maybe. Then 995 01:02:05,000 --> 01:02:08,680 Speaker 3: the board didn't like the name dot dot da. We 996 01:02:08,840 --> 01:02:14,720 Speaker 3: hired two naming companies, consultants, whatever, and they came up 997 01:02:14,720 --> 01:02:18,960 Speaker 3: with horrible names. In today's dollars, is probably four million 998 01:02:19,040 --> 01:02:23,800 Speaker 3: dollars of cost. And the first store was called Gap 999 01:02:23,880 --> 01:02:27,520 Speaker 3: Old Maybe, and it's like putting pepsine and hope here. Anyway, 1000 01:02:27,560 --> 01:02:31,720 Speaker 3: long story short. The second store we called Old Navy, 1001 01:02:32,400 --> 01:02:37,440 Speaker 3: and I loved that name. May Well nineteen thirty seven. 1002 01:02:38,040 --> 01:02:41,120 Speaker 3: Someone showed me the sign. And that's why when I 1003 01:02:41,320 --> 01:02:44,400 Speaker 3: say how much of what we all do is inside 1004 01:02:44,480 --> 01:02:48,800 Speaker 3: us or inside a partner you work with, we have confidence. 1005 01:02:49,160 --> 01:02:51,040 Speaker 2: So Mickey, you know we believe or that we've been 1006 01:02:51,080 --> 01:02:52,920 Speaker 2: out for an hour. I can't believe. This feels like 1007 01:02:53,000 --> 01:02:56,600 Speaker 2: twenty minutes. But here's the question, so I know you're 1008 01:02:56,600 --> 01:02:59,000 Speaker 2: a creature of habit. Paul. This guy goes to soul 1009 01:02:59,120 --> 01:03:02,200 Speaker 2: cycle every day. He's in great shape, I mean really 1010 01:03:02,240 --> 01:03:06,120 Speaker 2: great shape, and he never never misses. But what do 1011 01:03:06,160 --> 01:03:08,440 Speaker 2: you worry about now at this stage of life. It 1012 01:03:08,480 --> 01:03:09,960 Speaker 2: can't be money. You got all the money. 1013 01:03:10,200 --> 01:03:12,280 Speaker 1: I don't think he's a worrier. I don't think Mike 1014 01:03:12,360 --> 01:03:12,960 Speaker 1: he's a warrior. 1015 01:03:13,080 --> 01:03:14,439 Speaker 2: Oh no, you don't know him. 1016 01:03:14,680 --> 01:03:15,360 Speaker 3: Is he way? 1017 01:03:15,480 --> 01:03:16,000 Speaker 5: Way? Way? 1018 01:03:16,520 --> 01:03:17,000 Speaker 3: You don't know. 1019 01:03:17,200 --> 01:03:19,000 Speaker 2: You don't know him. You don't know him. 1020 01:03:19,120 --> 01:03:20,520 Speaker 1: I don't believe in worrying. 1021 01:03:21,880 --> 01:03:24,400 Speaker 3: Well, if you don't believe in it, give me the best, Senoran. 1022 01:03:24,520 --> 01:03:26,360 Speaker 1: Okay, I got it. 1023 01:03:27,760 --> 01:03:30,840 Speaker 3: I wish you'll help me on that. 1024 01:03:30,840 --> 01:03:33,040 Speaker 1: That's a tough one, Okay, go ahead. 1025 01:03:32,720 --> 01:03:34,680 Speaker 3: All right? Well what are you worry. 1026 01:03:34,640 --> 01:03:36,960 Speaker 2: What keep you up? What makes you worry? 1027 01:03:37,120 --> 01:03:43,320 Speaker 3: I worry about well success. I worry about getting Alex 1028 01:03:43,520 --> 01:03:49,160 Speaker 3: mill on the map and delivering for the next generation 1029 01:03:50,040 --> 01:03:55,000 Speaker 3: a great comedy. And that's what I worry about. You know. 1030 01:03:55,160 --> 01:03:58,600 Speaker 3: I don't have to worry about the things everyone else. Look, 1031 01:03:58,680 --> 01:04:02,040 Speaker 3: I've been very lucky my life in that regard. But 1032 01:04:02,120 --> 01:04:05,040 Speaker 3: I I'm you know something I got to tell you for. 1033 01:04:05,520 --> 01:04:10,800 Speaker 3: It's the saying worries I've had for all these decades. Okay, 1034 01:04:11,440 --> 01:04:13,800 Speaker 3: every day it's a worry. 1035 01:04:14,000 --> 01:04:16,400 Speaker 2: Isn't it. Tell me if this isn't the truth. I'm 1036 01:04:16,480 --> 01:04:18,560 Speaker 2: sure that this is. But tell me if you don't 1037 01:04:18,560 --> 01:04:21,640 Speaker 2: think it is. You love to hire people who worry, 1038 01:04:21,680 --> 01:04:22,680 Speaker 2: You want worriers? 1039 01:04:23,040 --> 01:04:27,000 Speaker 3: All right, Well, it's you know, I love to hire 1040 01:04:27,120 --> 01:04:32,320 Speaker 3: people who who aren't self important, who have a history 1041 01:04:32,360 --> 01:04:36,280 Speaker 3: of working hard. I like to bolly with them on 1042 01:04:36,320 --> 01:04:40,160 Speaker 3: an interview, because when you're volleying, you meet someone in 1043 01:04:40,240 --> 01:04:45,520 Speaker 3: these unpreshing virns, you learn very quickly what they're like. 1044 01:04:46,080 --> 01:04:50,280 Speaker 3: I like people who walk fast. I do I watch 1045 01:04:50,360 --> 01:04:53,720 Speaker 3: them come down the hallway now, I like. I always 1046 01:04:53,760 --> 01:04:58,640 Speaker 3: ask one of the big companies my assistance, I said, 1047 01:04:58,680 --> 01:05:01,440 Speaker 3: what do you think of the handy because they're shoosing 1048 01:05:01,920 --> 01:05:05,680 Speaker 3: and I hadn't always had offices or whatever. And I 1049 01:05:05,800 --> 01:05:10,480 Speaker 3: listened to them, because what do you think? Look, interviewing 1050 01:05:10,560 --> 01:05:14,480 Speaker 3: and all that is a matter of acting. Get the 1051 01:05:14,640 --> 01:05:20,560 Speaker 3: resume together, figure out what the person is going to 1052 01:05:20,800 --> 01:05:23,840 Speaker 3: ask you or me. And I always asked this to 1053 01:05:24,000 --> 01:05:27,360 Speaker 3: on part time jobs. I always say, like someone worked 1054 01:05:27,360 --> 01:05:30,360 Speaker 3: in Starbucks. I said, if you were the boss of 1055 01:05:30,480 --> 01:05:35,120 Speaker 3: that store, what would you do differently? And he said 1056 01:05:35,200 --> 01:05:37,520 Speaker 3: to me, he thought it was all good. This is 1057 01:05:37,560 --> 01:05:41,160 Speaker 3: ten fifteen. I said, what about these counters that like 1058 01:05:41,200 --> 01:05:44,120 Speaker 3: a disgusting would want to stop on them? But I 1059 01:05:44,160 --> 01:05:47,520 Speaker 3: always asked, if they go to high school college, tell 1060 01:05:47,560 --> 01:05:51,000 Speaker 3: me what you would do if you were the head 1061 01:05:51,000 --> 01:05:54,960 Speaker 3: of the college the high school. And I asked people 1062 01:05:54,960 --> 01:05:58,840 Speaker 3: on the woman who was a junior in high school Westchester, 1063 01:05:59,440 --> 01:06:03,080 Speaker 3: and I heard the name, I said, who is the 1064 01:06:03,200 --> 01:06:06,640 Speaker 3: name of the who was the high school named after? 1065 01:06:07,240 --> 01:06:09,840 Speaker 3: No idea, you go to a high school, you want 1066 01:06:09,840 --> 01:06:14,640 Speaker 3: to know whoever it is. This it's conversation. You know, 1067 01:06:14,760 --> 01:06:18,600 Speaker 3: both of you pick it up and or your rehearse 1068 01:06:18,760 --> 01:06:23,640 Speaker 3: and I resumes tell me so much because you know that, 1069 01:06:23,920 --> 01:06:29,200 Speaker 3: oh you're doing this volunteer work to impress us. Yeah, 1070 01:06:29,320 --> 01:06:32,960 Speaker 3: mostly can the ones who admit that I love I 1071 01:06:33,000 --> 01:06:35,240 Speaker 3: did it because you know whatever. 1072 01:06:35,800 --> 01:06:38,280 Speaker 2: Another thing you have in common with Paul though, because 1073 01:06:38,280 --> 01:06:40,920 Speaker 2: you're always talking about team, Well, it's not me. It 1074 01:06:41,040 --> 01:06:43,040 Speaker 2: was the team. No, I didn't do that, it was 1075 01:06:43,080 --> 01:06:47,200 Speaker 2: the team. I've been watching Paul's concerts since the nineteen seventies. 1076 01:06:47,320 --> 01:06:49,919 Speaker 2: He's never done one show when he didn't introduce every 1077 01:06:49,960 --> 01:06:52,440 Speaker 2: member of the band or the orchestra that he's working with, 1078 01:06:52,880 --> 01:06:56,160 Speaker 2: and he gives them credit because that's that's And you're 1079 01:06:56,200 --> 01:06:59,000 Speaker 2: the same way, Mickey. You've always been a guy to 1080 01:06:59,040 --> 01:07:00,240 Speaker 2: share the credit with you people. 1081 01:07:00,480 --> 01:07:02,880 Speaker 1: Well success as many fathers as we know. 1082 01:07:03,160 --> 01:07:06,880 Speaker 3: That's right. Look, you know, if I called my biggest 1083 01:07:07,280 --> 01:07:11,320 Speaker 3: compliment is I'm a mensh and I'm hanging the shock now. 1084 01:07:12,080 --> 01:07:15,880 Speaker 3: Trans you know, that's what people like today. This is 1085 01:07:15,960 --> 01:07:18,960 Speaker 3: so many people so important. 1086 01:07:19,120 --> 01:07:22,320 Speaker 2: Well, you just identified yourself because that's who you are, 1087 01:07:22,360 --> 01:07:24,040 Speaker 2: and we and we love you for doing this. This 1088 01:07:24,160 --> 01:07:26,440 Speaker 2: is for you to take the time of out of 1089 01:07:26,480 --> 01:07:28,680 Speaker 2: your day to do this with us where it's fun 1090 01:07:28,680 --> 01:07:29,320 Speaker 2: to talk to you. 1091 01:07:29,320 --> 01:07:32,760 Speaker 3: You know, I thought maybe Paul would teach me how 1092 01:07:32,800 --> 01:07:36,760 Speaker 3: to sing, because I always actual worse voice in the world. 1093 01:07:36,840 --> 01:07:37,360 Speaker 3: But it didn't. 1094 01:07:38,040 --> 01:07:41,920 Speaker 1: Next time, well, Nikky, I'll on that note, on that note, 1095 01:07:42,160 --> 01:07:45,000 Speaker 1: and I'm going to drop a name. I did some 1096 01:07:45,200 --> 01:07:49,560 Speaker 1: work for Warren Buffett and it evolved into exactly what 1097 01:07:49,640 --> 01:07:54,600 Speaker 1: you said. And I have him recorded singing by way. 1098 01:07:54,680 --> 01:07:54,800 Speaker 5: Oh. 1099 01:07:56,160 --> 01:07:58,760 Speaker 1: I took him in a studio and he plays it 1100 01:07:58,800 --> 01:07:59,920 Speaker 1: every day in his office. 1101 01:08:00,120 --> 01:08:00,760 Speaker 3: I love it. 1102 01:08:00,840 --> 01:08:04,080 Speaker 1: So we're going to put the lean on you on 1103 01:08:04,160 --> 01:08:07,360 Speaker 1: our next one because we've had different guests who have sung. 1104 01:08:07,600 --> 01:08:12,439 Speaker 1: Oh my god, anybody can sing today, Mickey, and failing that, 1105 01:08:12,920 --> 01:08:14,720 Speaker 1: you let me know when your birthday is or a 1106 01:08:14,760 --> 01:08:15,520 Speaker 1: fiem in town. 1107 01:08:15,800 --> 01:08:18,040 Speaker 3: Okay, you got it, and I'll. 1108 01:08:17,840 --> 01:08:19,920 Speaker 1: Put something together for you and I to sing. 1109 01:08:20,000 --> 01:08:20,320 Speaker 6: How's that? 1110 01:08:20,840 --> 01:08:25,160 Speaker 3: Paul and Skip love you guys. This suit's fun. Let's 1111 01:08:25,240 --> 01:08:28,320 Speaker 3: go on the road, take care of Thanks Again by 1112 01:08:28,360 --> 01:08:33,280 Speaker 3: Bye Bye. 1113 01:08:35,240 --> 01:08:38,040 Speaker 1: Our Way with Paul Anka and Skip Bronson is a 1114 01:08:38,080 --> 01:08:40,040 Speaker 1: production of iHeartRadio. 1115 01:08:40,800 --> 01:08:45,840 Speaker 2: The show's executive producer is Jordan Runtogg, with supervising producer 1116 01:08:45,840 --> 01:08:47,559 Speaker 2: and editor Marcy Depina. 1117 01:08:48,000 --> 01:08:52,240 Speaker 1: It was engineered by Todd Carlin and Graham Gibson, mixed 1118 01:08:52,280 --> 01:08:54,920 Speaker 1: and mastered by a wonderful Mary Dude. 1119 01:08:55,800 --> 01:08:58,200 Speaker 2: If you like what you heard, please subscribe and leave 1120 01:08:58,280 --> 01:08:58,920 Speaker 2: us a review. 1121 01:08:59,160 --> 01:09:04,040 Speaker 1: For more podcast ass on iHeartRadio, visit the iHeartRadio app, 1122 01:09:04,880 --> 01:09:09,879 Speaker 1: Apple Podcasts, or wherever you listen to your favorite shows.