WEBVTT - Bose CEO Lila Snyder on Perfecting Sound and Silence

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<v Speaker 1>Welcome to Strictly Business Variety's weekly podcast featuring conversations with

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<v Speaker 1>industry leaders about the business of media and entertainment. I'm

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<v Speaker 1>Shirley Halbrin, Executive editor of Music, and today I'm joined

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<v Speaker 1>by Lilah Snyder, CEO of Bowes Corporation, the consumer audio

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<v Speaker 1>company which is soon to mark its sixtieth anniversary. Founded

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<v Speaker 1>by Massachusetts Institute of Technology professor Mr. Bows its home

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<v Speaker 1>has always been Massachusetts, with close proximity to Boston and

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<v Speaker 1>its abundance of student talent. Lilah was one of them,

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<v Speaker 1>earning a master's degree and PhD in mechanical engineering from

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<v Speaker 1>MIT following her bachelor's in mechanical engineering from the University

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<v Speaker 1>of Miami. She arrived at Bo's at the top of

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<v Speaker 1>twenty twenty, just as the COVID nineteen pandemic through the

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<v Speaker 1>world and supply chains into a tales. But Llila is

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<v Speaker 1>an expert problem solver, and like any engineering challenge, she

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<v Speaker 1>approached her new job overseeing all aspects of the company's consumer, electronics,

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<v Speaker 1>automotive and related businesses methodically and also with a guiding

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<v Speaker 1>principle that sound is not an accessory, it is everything

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<v Speaker 1>we do. It is the most important thing, and it's

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<v Speaker 1>in the center. Bosea's rise in becoming a top name

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<v Speaker 1>and sound, particularly when it comes to the car, saw

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<v Speaker 1>an inflection point in the nineteen eighties when the company

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<v Speaker 1>teamed with Cadillac to offer a premium car audio system.

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<v Speaker 1>Llila's own origin story also has an eighties connection. It

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<v Speaker 1>was then that she first discovered a love of music,

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<v Speaker 1>which she's carried through to her chief executive position. Like

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<v Speaker 1>in other tech industries where female engineers are far outnumbered

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<v Speaker 1>by their male counterparts, Lila is hoping to better the

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<v Speaker 1>statistic when it comes to music makers through an initiative

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<v Speaker 1>called Turn the Dial, which aims to address why fewer

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<v Speaker 1>than three percent of hit song producers are women or

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<v Speaker 1>non binary. It's also bringing awareness to the issue and

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<v Speaker 1>seeking new opportunities. They've partnered with a nonprofit called She

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<v Speaker 1>Is the Music and are working with such artists as

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<v Speaker 1>Her and Pink Panthers and behind the scenes stars like

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<v Speaker 1>Wonder Girl and Blondish to tell their stories. And then

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<v Speaker 1>there's the part of the Bo's business that has to

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<v Speaker 1>do with silence or noise cancelation. Bose has been hard

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<v Speaker 1>at work coming up with the perfect software algorithm to

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<v Speaker 1>evaluate the sounds around you and cancel out what you

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<v Speaker 1>don't want to hear. As Lila describes it, it's almost

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<v Speaker 1>tuning the dial on the volume of your life. Which

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<v Speaker 1>things you want to turn up, which things you want

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<v Speaker 1>to turn down. This constant push of new innovation has

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<v Speaker 1>become Bose's calling card, and Lilah Snyder is leading the choir.

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<v Speaker 1>Join us after the break, Welcome back to strictly business.

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<v Speaker 1>Here's my conversation with Bo's Corporation CEO Lilah Snyder. Lilah Snyder,

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<v Speaker 1>chief executive officer of Bo's, Welcome to strictly business. Thanks

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<v Speaker 1>for being with us.

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<v Speaker 2>Thank you so much for having me so Lyla.

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<v Speaker 1>I think it's really funny that your previous position before

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<v Speaker 1>you got to Bo's was a Pitney Bows. So you

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<v Speaker 1>went from Pitney Bow's to Bo's just getting shorter. A

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<v Speaker 1>lot of people probably don't know what Pitney bos is,

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<v Speaker 1>but me, being a person of print of paper, I

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<v Speaker 1>know that it is kind of an essential of starting

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<v Speaker 1>a business, which is the ability to mail, to reach

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<v Speaker 1>consumers directly, and you know many other things. So how

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<v Speaker 1>do you go from mail and marketing and communications to

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<v Speaker 1>high end audio and consumer audio? Why did you make

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<v Speaker 1>that change in twenty twenty.

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<v Speaker 2>So I'm an engineer at heart, and what I really

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<v Speaker 2>love is technology, and the thread that goes through everything

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<v Speaker 2>is technology, and particularly this idea of you know, how

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<v Speaker 2>do we use technology to make things better? And we've

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<v Speaker 2>been living in this amazing two decades where digital technologies

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<v Speaker 2>are just changing every business and software is changing every business,

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<v Speaker 2>and in some ways that's the thread between a shipping

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<v Speaker 2>and mailing company and then coming to bows and consumer

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<v Speaker 2>audio is you know, how do we use software? How

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<v Speaker 2>do we use digital technology to make what we're delivering

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<v Speaker 2>to customers even better? And so for me, I've done

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<v Speaker 2>consumer work, I've done business to business work, and I've

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<v Speaker 2>always loved the idea of getting close to the consumer

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<v Speaker 2>because when you know who you're talking to and you

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<v Speaker 2>know what they care about, it makes it really fun

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<v Speaker 2>to try to design and develop amazing experiences for them,

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<v Speaker 2>and that's what we try to do at Bo's. It's

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<v Speaker 2>really a lot of fun.

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<v Speaker 1>So you have the software element and also hardware. As

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<v Speaker 1>someone who's trained as a mechanical engineer, is it sort

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<v Speaker 1>of like a left brain right brain thing, like the

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<v Speaker 1>hardware is one thing, the software is something else. Do

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<v Speaker 1>you feel a pull towards one side over the other

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<v Speaker 1>or is it just sort of combined in your head?

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<v Speaker 2>You know, it really is combined. I don't actually think

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<v Speaker 2>of them as that different, because ultimately we work backwards

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<v Speaker 2>from the experience we're providing the customer, and the experience

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<v Speaker 2>that we're providing is sort of a fully integrated experience

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<v Speaker 2>where it's the magic of how the hardware and the

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<v Speaker 2>software work together. It's that sort of systems engineering component

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<v Speaker 2>that I think is really unique for consumer electronics companies

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<v Speaker 2>and bows in general. It's how you marry great software

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<v Speaker 2>with really well made, really well architected hardware, and it's

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<v Speaker 2>the two together that create the magic. So we try

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<v Speaker 2>not to separate them.

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<v Speaker 1>Interesting, I would think that they were like two different

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<v Speaker 1>skill sets.

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<v Speaker 2>There's no doubt there's different skill sets, right. So if

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<v Speaker 2>you think about our team, we've got lots of folks

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<v Speaker 2>who do predominantly hardware and lots who do predominantly software.

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<v Speaker 2>But really bringing it together is the key, and that's

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<v Speaker 2>where I think I have a lot of fun and

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<v Speaker 2>working with the team on how you bring those things

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<v Speaker 2>together is where you know truly new and different innovative

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<v Speaker 2>experiences happen for customers.

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<v Speaker 1>So when you came in in twenty twenty, what kind

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<v Speaker 1>of staff were you overseeing.

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<v Speaker 2>So we're a team of about six thousand globally. I

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<v Speaker 2>obviously joined in the middle of COVID, so in twenty twenty,

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<v Speaker 2>we we're a global team. We've got folks all over

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<v Speaker 2>the world, and we were doing everything over Zoom, which

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<v Speaker 2>was an interesting way to start. I think in many

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<v Speaker 2>ways a lot of us felt like it leveled the

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<v Speaker 2>playing field, right. We were all on the screen and

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<v Speaker 2>so you could have more of a global, diverse group

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<v Speaker 2>of people together working on problems, which was really actually

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<v Speaker 2>quite fun.

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<v Speaker 1>Has that made you rethink the whole in person thing,

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<v Speaker 1>like is it really necessary today?

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<v Speaker 2>So? I think it is for innovative and I think

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<v Speaker 2>if you're really going to try to create breakthrough ideas,

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<v Speaker 2>it's hard to do that remotely. I don't think every

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<v Speaker 2>piece of work needs to be done in person, and

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<v Speaker 2>we certainly each of us has a lot of work

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<v Speaker 2>that's better done in a quiet space, which is often

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<v Speaker 2>you know, your own home or your living room or whatever.

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<v Speaker 2>But we really believe in the magic of bringing people

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<v Speaker 2>together to innovate and create and also just to build

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<v Speaker 2>bonds and trust and you know, human things that are

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<v Speaker 2>a little bit harder to do in a remote environment.

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<v Speaker 2>So you know, we've settled into a hybrid model I

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<v Speaker 2>think like a lot of companies have, where we're getting

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<v Speaker 2>folks together on a regular basis, they're in the office

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<v Speaker 2>a couple of times a week, but providing a lot

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<v Speaker 2>of flexibility for people to also work the way that

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<v Speaker 2>they want to work and that works for them. So

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<v Speaker 2>we're trying to strike the right balance and I'm sure,

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<v Speaker 2>like most we're still feeling our way through it. But

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<v Speaker 2>it's great to see folks together again, and we're feeling

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<v Speaker 2>that energy and creativity in the work that we're doing.

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<v Speaker 1>And you guys were also dealing, like the rest of

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<v Speaker 1>the world was, with supply chain issues during COVID, and

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<v Speaker 1>you you really rely on the supply chain to make

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<v Speaker 1>your product. So when you got to BOS, did you

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<v Speaker 1>have immediate things that you needed to deal with.

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<v Speaker 2>I think when you're new, you always think about what's

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<v Speaker 2>the right strategy, right. You want to kind of get

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<v Speaker 2>the lay of the land and set your agenda. And

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<v Speaker 2>so I spent a fair bit of time listening and

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<v Speaker 2>learning right. Companies are complicated places with a lot of history,

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<v Speaker 2>and so before you change things, it's important to understand

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<v Speaker 2>why things are done the way that they are and

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<v Speaker 2>why decisions were made and why the strategy is what

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<v Speaker 2>it is. And then we started to really plot for

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<v Speaker 2>the future of both what's our long range vision and

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<v Speaker 2>we spent a lot of time thinking about, you know,

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<v Speaker 2>what matters to us, what matters to our customers. We

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<v Speaker 2>put our customer right in the center of that vision,

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<v Speaker 2>and that led us to some pretty exciting places around

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<v Speaker 2>who we are and how we want to bring our

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<v Speaker 2>brand and our products and experiences into the market. And

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<v Speaker 2>so that sort of initial period was a lot of

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<v Speaker 2>fun and just exploring, you know, how we want to

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<v Speaker 2>evolve as a company and who we are and how

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<v Speaker 2>we take that to the next level.

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<v Speaker 1>What were those challenges during those first couple of years.

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<v Speaker 2>I think it's always a challenge to think about really

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<v Speaker 2>defining who your customer is and understanding so we spend

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<v Speaker 2>a lot of time on that. And as you see

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<v Speaker 2>the Bose brand showing up in the market and you

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<v Speaker 2>think about our products, we've really embraced music and the

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<v Speaker 2>music lover We think that people who really love music,

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<v Speaker 2>they have a passion, they identify with certain genres. It's

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<v Speaker 2>part of their identity, part of their personal brand, if

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<v Speaker 2>you will, and that's who we really think the Bose

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<v Speaker 2>customer has always been. Right. We've been creating audio experiences

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<v Speaker 2>for almost sixty years, which is amazing, and we think

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<v Speaker 2>that you know, really embracing that music lover it kind

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<v Speaker 2>of gave us a muse to innovate around and that's

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<v Speaker 2>led to a lot of great forward looking innovation that

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<v Speaker 2>we think is going to position us well for the future.

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<v Speaker 1>So, I mean your sort of like origin story as

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<v Speaker 1>it were, Leila, is that you had dispose wave radio.

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<v Speaker 1>It was sort of like a like a half circle

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<v Speaker 1>looking thing and it had an alarm and all of

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<v Speaker 1>that had a CD player. So what kind of music

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<v Speaker 1>were you into? You know, they say that your most

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<v Speaker 1>formative time to love music is in your early twenties,

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<v Speaker 1>basically coming out of college. What was your thing?

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<v Speaker 2>I feel like my formative years were in the eighties,

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<v Speaker 2>So I do have a love of eighties pop and

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<v Speaker 2>a little bit of that metal rock that came from

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<v Speaker 2>the eighties for sure. Okay, also love classic rock, right

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<v Speaker 2>country music was a thing in my house, like old

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<v Speaker 2>country music, and so that's something that I have an

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<v Speaker 2>appreciation for and how that's evolved. But today I would say,

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<v Speaker 2>you know, at my house, we've got three teenagers, my

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<v Speaker 2>husband and I, and there is a diversity of music

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<v Speaker 2>in our household, which is pretty remarkable. Right when you

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<v Speaker 2>cross over what your kids are interested in, you really

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<v Speaker 2>get introduced to a lot of things. So on any

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<v Speaker 2>given day, you might hear classical music, rap music. It's

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<v Speaker 2>a lot of Taylor Swift that's happening. Yeah, there's there's

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<v Speaker 2>definitely some of that here.

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<v Speaker 1>I love the story that you relayed in one of

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<v Speaker 1>the talks that you gave about the arrival of premium audio,

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<v Speaker 1>because music lovers really want that elevated audio experience. Like

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<v Speaker 1>you know, when you and I grew up, we probably

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<v Speaker 1>put headphones on. You know, we listened to the CD

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<v Speaker 1>or the vinyl or the tape, and you know, got

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<v Speaker 1>to really like immerse ourselves in it. Now people are

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<v Speaker 1>on the go. I think you've said this a bunch

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<v Speaker 1>that music is sort of like the soundtrack to our lives,

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<v Speaker 1>but it's very much as we're moving through our lives.

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<v Speaker 1>So I wanted to ask you about the arrival of

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<v Speaker 1>premium audio, especially in the car, because that is something

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<v Speaker 1>that you guys have really doubled down on, not just recently,

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<v Speaker 1>but like going back decades. So can you tell us

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<v Speaker 1>when did that change happen when you no longer had

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<v Speaker 1>to take your car to like an audio specialist and

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<v Speaker 1>get it souped up, you know, because everything came with it.

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<v Speaker 2>Yep, So it was in the early eighties. Was the

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<v Speaker 2>first car was a Cadillac Seville and it was a

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<v Speaker 2>collaboration between Cadillac and Bows. And the idea was simple.

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<v Speaker 2>It was what do you do when you drive? You

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<v Speaker 2>listen to music, and why shouldn't we try to create

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<v Speaker 2>a great experience in your car. And I don't know

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<v Speaker 2>anyone who retrofits their car anymore because the premium audio

0:12:31.840 --> 0:12:34.960
<v Speaker 2>that comes in the car is usually just outstanding. And

0:12:35.280 --> 0:12:38.040
<v Speaker 2>the car is such a great place. It's a controlled environment.

0:12:38.120 --> 0:12:40.640
<v Speaker 2>You know where the passengers are sitting, you know the

0:12:40.679 --> 0:12:43.720
<v Speaker 2>dimensions of the car, and that gives you this really

0:12:43.760 --> 0:12:48.760
<v Speaker 2>great creative space to put the technology in a design

0:12:48.840 --> 0:12:52.040
<v Speaker 2>that allows for these optimized experiences. And we've got such

0:12:52.080 --> 0:12:55.760
<v Speaker 2>a talented team that sweats every one of those details

0:12:55.800 --> 0:12:59.080
<v Speaker 2>when they're putting together a car with our automotive partners,

0:12:59.120 --> 0:13:01.880
<v Speaker 2>to make sure that as the driver or as the

0:13:01.880 --> 0:13:05.400
<v Speaker 2>front seat passenger or as a rear seat passenger, we're

0:13:05.480 --> 0:13:07.920
<v Speaker 2>really thinking about the experience that each one of those

0:13:07.920 --> 0:13:10.200
<v Speaker 2>people in the car will have. And it makes me

0:13:10.240 --> 0:13:12.440
<v Speaker 2>always want to buy a new car because I hear

0:13:12.520 --> 0:13:14.840
<v Speaker 2>what we're doing in our labs and in our garage,

0:13:14.880 --> 0:13:17.280
<v Speaker 2>and I listen in those and then I have a

0:13:17.400 --> 0:13:19.880
<v Speaker 2>great Bose audio system in my current car, but I

0:13:19.960 --> 0:13:24.640
<v Speaker 2>know what's coming next is just truly amazing, as immersive

0:13:24.720 --> 0:13:28.200
<v Speaker 2>audio and three dimensional audio just starts to become much

0:13:28.240 --> 0:13:31.120
<v Speaker 2>more present in our lives. I think that there's a

0:13:31.200 --> 0:13:33.280
<v Speaker 2>lot of that technology that's right on the cusp of

0:13:34.000 --> 0:13:36.280
<v Speaker 2>enveloping us in great sound in our car, and I'm

0:13:36.320 --> 0:13:38.240
<v Speaker 2>excited about what's coming there.

0:13:38.800 --> 0:13:43.840
<v Speaker 1>So another thing that I find really fascinating about your work.

0:13:44.240 --> 0:13:47.920
<v Speaker 1>This is related both to headphones and quiet comfort earbud

0:13:48.000 --> 0:13:52.480
<v Speaker 1>sort of system, which is noise cancelation. It's a very

0:13:52.679 --> 0:13:56.960
<v Speaker 1>complex algorithm because on the one hand, you want to

0:13:57.080 --> 0:13:59.680
<v Speaker 1>cancel everything out so you can go to sleep on

0:13:59.679 --> 0:14:04.560
<v Speaker 1>the plane, whatever, But in a car and walking you

0:14:04.640 --> 0:14:08.960
<v Speaker 1>also need to be aware of traffic and sirens and

0:14:09.000 --> 0:14:12.679
<v Speaker 1>things like that. Can you sort of explain how that works.

0:14:13.200 --> 0:14:15.760
<v Speaker 2>Yeah, it's a great question, and you know, at Bo's

0:14:15.840 --> 0:14:18.600
<v Speaker 2>we're really innovating in three areas and you've sort of

0:14:18.600 --> 0:14:20.800
<v Speaker 2>touched on all of them in this question in a way.

0:14:21.920 --> 0:14:25.040
<v Speaker 2>You know, one is obviously immersive, lifelike audio like the

0:14:25.120 --> 0:14:27.400
<v Speaker 2>artist intended it at the end of the day, that's

0:14:27.480 --> 0:14:31.280
<v Speaker 2>really what we're after. The second one is noise cancelation.

0:14:31.400 --> 0:14:35.160
<v Speaker 2>We use noise cancelation or noise removal as a way

0:14:35.200 --> 0:14:37.880
<v Speaker 2>to create almost a clean palette, right that allows you

0:14:37.920 --> 0:14:42.120
<v Speaker 2>to enjoy that audio without the distractions of the world

0:14:42.160 --> 0:14:44.840
<v Speaker 2>around you, whether those are on a plane or on

0:14:44.880 --> 0:14:48.400
<v Speaker 2>a city street or on the subway. And then the

0:14:48.480 --> 0:14:50.560
<v Speaker 2>last one, which is newer for us, and it's something

0:14:50.600 --> 0:14:54.240
<v Speaker 2>that's really enabled by the ability to have more computing

0:14:54.320 --> 0:14:57.479
<v Speaker 2>power in the devices and also you know, the developments

0:14:57.520 --> 0:14:59.880
<v Speaker 2>in AI, we're able to do something that we call

0:15:00.080 --> 0:15:02.600
<v Speaker 2>hear what you want, which is sort of this combination

0:15:02.800 --> 0:15:05.560
<v Speaker 2>of exactly as you said. There are things that if

0:15:05.600 --> 0:15:07.360
<v Speaker 2>I'm walking on a city street, I want to be

0:15:07.360 --> 0:15:09.200
<v Speaker 2>able to hear, and there are other things that I don't.

0:15:09.240 --> 0:15:11.000
<v Speaker 2>I don't want to hear the jackhammer, but I want

0:15:11.040 --> 0:15:13.560
<v Speaker 2>to hear the ambulance or the police car or the

0:15:14.240 --> 0:15:18.080
<v Speaker 2>bus or whatever might be the dangerous thing that's happening nearby.

0:15:18.760 --> 0:15:21.920
<v Speaker 2>And so we're using a lot of technology now to

0:15:22.000 --> 0:15:24.840
<v Speaker 2>try to make that experience seamless, where you don't have

0:15:24.920 --> 0:15:29.040
<v Speaker 2>to choose between noise canceling and transparency. But how do

0:15:29.080 --> 0:15:32.640
<v Speaker 2>we help you seamlessly go through your day and allow

0:15:32.720 --> 0:15:35.560
<v Speaker 2>the sounds in that we know you likely want, And

0:15:35.600 --> 0:15:37.520
<v Speaker 2>so we're doing a lot of work on that. To me,

0:15:37.680 --> 0:15:40.520
<v Speaker 2>it's exciting to think about. It's almost tuning the dialog

0:15:40.680 --> 0:15:42.680
<v Speaker 2>the volume of your life, which things you want to

0:15:42.680 --> 0:15:45.000
<v Speaker 2>turn up, which things you want to turn down. You know,

0:15:45.040 --> 0:15:47.000
<v Speaker 2>the example that I love. If you're at a noisy

0:15:47.080 --> 0:15:49.880
<v Speaker 2>restaurant or a noisy bar, it can be really hard

0:15:49.920 --> 0:15:52.400
<v Speaker 2>to hear the person that you're actually there with and

0:15:52.400 --> 0:15:54.320
<v Speaker 2>there's a lot of shouting that happens and a lot

0:15:54.360 --> 0:15:57.720
<v Speaker 2>of leaning in. And to me, that's one great example

0:15:57.800 --> 0:16:01.520
<v Speaker 2>of where this hearing what you want AI type technology

0:16:01.560 --> 0:16:04.080
<v Speaker 2>where we can detect the voice that you want to hear,

0:16:04.400 --> 0:16:06.800
<v Speaker 2>but sort of quiet the noise around you, not take

0:16:06.840 --> 0:16:09.840
<v Speaker 2>it away. You still want the fun and the vibe

0:16:09.840 --> 0:16:12.240
<v Speaker 2>of being in the space, but maybe just with the

0:16:12.320 --> 0:16:13.960
<v Speaker 2>volume turned down a little bit. So I think there

0:16:13.960 --> 0:16:16.560
<v Speaker 2>are a lot of these use cases where we can

0:16:16.600 --> 0:16:19.640
<v Speaker 2>take the decades of what we know about noise cancelation,

0:16:20.040 --> 0:16:23.560
<v Speaker 2>combine it with this new technology that we're developing now

0:16:24.000 --> 0:16:29.440
<v Speaker 2>to create these seamless, sort of customized almost experiences going forward.

0:16:30.120 --> 0:16:34.480
<v Speaker 1>So is our future sitting across each other with buds

0:16:34.480 --> 0:16:38.720
<v Speaker 1>in our ears, then getting into a driver less car

0:16:38.920 --> 0:16:42.040
<v Speaker 1>where the audio has been you know, the soundtrack is

0:16:42.080 --> 0:16:45.720
<v Speaker 1>made for us, Like I mean, are we really like

0:16:45.760 --> 0:16:46.920
<v Speaker 1>living in the future already?

0:16:47.160 --> 0:16:52.080
<v Speaker 2>I think aspects. You know, there are technology drives so

0:16:52.200 --> 0:16:55.000
<v Speaker 2>many things, so many of the things that we use

0:16:55.000 --> 0:16:58.760
<v Speaker 2>on a daily basis, and audio experiences are no different. Right.

0:16:58.840 --> 0:17:04.680
<v Speaker 2>The speakers, the headphones your car deliver the sound. It's

0:17:04.720 --> 0:17:08.880
<v Speaker 2>software and algorithms and AI that are creating those experiences, right.

0:17:08.920 --> 0:17:12.399
<v Speaker 2>Noise cancelation is about the microphones and the way that

0:17:12.480 --> 0:17:14.800
<v Speaker 2>the sound comes in and the geometry of your ear.

0:17:15.160 --> 0:17:18.320
<v Speaker 2>But it's also about the software algorithm that is very

0:17:18.400 --> 0:17:22.200
<v Speaker 2>quickly in microseconds, evaluating the sounds and canceling them out.

0:17:22.280 --> 0:17:27.520
<v Speaker 2>And so you have this constant push of new innovation,

0:17:27.640 --> 0:17:31.119
<v Speaker 2>and as we're able to put chips into smaller and

0:17:31.160 --> 0:17:34.520
<v Speaker 2>smaller spaces that can do more computing power, your ability

0:17:34.560 --> 0:17:37.560
<v Speaker 2>to do more of the things that I just described increases.

0:17:37.600 --> 0:17:40.160
<v Speaker 2>And as it does, you know, we're excited to start

0:17:40.200 --> 0:17:43.080
<v Speaker 2>putting the things we're developing in the lab into those

0:17:43.480 --> 0:17:49.520
<v Speaker 2>whether it's your car, pair of headphones, pair of earbuds.

0:17:50.160 --> 0:17:52.159
<v Speaker 1>We need to take a quick break, but we'll be

0:17:52.240 --> 0:18:01.719
<v Speaker 1>back with more from Lila Schnyder. And we're back with

0:18:01.840 --> 0:18:06.960
<v Speaker 1>both CEO Lilah Snyder. Because problem solving is such a

0:18:07.000 --> 0:18:11.399
<v Speaker 1>tenet of engineering, and that's what you studied. I'm curious

0:18:11.720 --> 0:18:13.480
<v Speaker 1>where do your business chops come from?

0:18:13.760 --> 0:18:17.320
<v Speaker 2>If you think about what a CEO's job is. The

0:18:17.400 --> 0:18:21.360
<v Speaker 2>first and most important job that I have is assembling

0:18:21.720 --> 0:18:25.720
<v Speaker 2>an amazing team who are experts in different areas and

0:18:25.760 --> 0:18:28.159
<v Speaker 2>are diverse in the way that they solve problems and

0:18:28.200 --> 0:18:31.320
<v Speaker 2>think about things. And that alleviates my need to know

0:18:31.960 --> 0:18:35.000
<v Speaker 2>a little bit about everything or a lot about anything right,

0:18:35.440 --> 0:18:37.640
<v Speaker 2>and that I think is the most important thing. Right.

0:18:37.680 --> 0:18:43.040
<v Speaker 2>There's there's no decision that gets made where I don't

0:18:43.280 --> 0:18:47.639
<v Speaker 2>lean on the people on my team, who generally know

0:18:47.760 --> 0:18:51.680
<v Speaker 2>more than I do about any any topic and get

0:18:51.680 --> 0:18:55.320
<v Speaker 2>their counsel, their advice, their thinking. And so that diversity

0:18:55.320 --> 0:18:58.160
<v Speaker 2>of thought, I think is what's really necessary to run

0:18:58.160 --> 0:19:01.639
<v Speaker 2>a modern company because it's a complicated world. There are

0:19:01.680 --> 0:19:04.359
<v Speaker 2>so many things to think about and do, and no

0:19:04.480 --> 0:19:07.520
<v Speaker 2>one person can do that. So assembling a great team

0:19:07.640 --> 0:19:09.720
<v Speaker 2>is I think the most important piece of it.

0:19:10.080 --> 0:19:12.680
<v Speaker 1>Did you aspire to run a company?

0:19:12.960 --> 0:19:15.920
<v Speaker 2>I didn't know. I started as an engineer, as we've

0:19:15.920 --> 0:19:19.560
<v Speaker 2>talked about, and I went into consulting, So I guess

0:19:19.720 --> 0:19:22.040
<v Speaker 2>part of the answer to your last question is I

0:19:22.160 --> 0:19:26.800
<v Speaker 2>learned about business as a consultant at McKinsey and had

0:19:26.920 --> 0:19:30.400
<v Speaker 2>just an amazing opportunity to get a really diverse set

0:19:30.400 --> 0:19:34.720
<v Speaker 2>of experiences, different companies, different problems, to solve different business challenges,

0:19:35.640 --> 0:19:37.760
<v Speaker 2>which is a really great way to learn a lot

0:19:37.800 --> 0:19:43.320
<v Speaker 2>pretty quickly. And so that all developed through that experience

0:19:43.320 --> 0:19:46.639
<v Speaker 2>at McKinsey, and it wasn't until I don't know a

0:19:46.680 --> 0:19:49.560
<v Speaker 2>few years ago that I started thinking about being potentially

0:19:49.560 --> 0:19:54.800
<v Speaker 2>being a CEO. I generally just enjoyed working on interesting,

0:19:54.880 --> 0:19:58.360
<v Speaker 2>hard problems with people that I love to work with,

0:19:58.800 --> 0:20:02.560
<v Speaker 2>and somehow that led me here and I'm having a

0:20:02.600 --> 0:20:03.479
<v Speaker 2>great time doing it.

0:20:03.960 --> 0:20:07.920
<v Speaker 1>Of course, you know, men far out number female engineers,

0:20:07.960 --> 0:20:13.120
<v Speaker 1>certainly in tech and absolutely in the making of music. Yep,

0:20:13.359 --> 0:20:15.960
<v Speaker 1>there's been many studies in the last few years that

0:20:16.000 --> 0:20:20.000
<v Speaker 1>have shown very little change in the representation of women

0:20:20.160 --> 0:20:24.040
<v Speaker 1>as producers and engineers, as little as two point eight percent,

0:20:25.000 --> 0:20:27.360
<v Speaker 1>and even new findings from Bose have shown that it's

0:20:27.359 --> 0:20:30.959
<v Speaker 1>even lower. Two point three percent of top one hundred

0:20:31.119 --> 0:20:34.600
<v Speaker 1>hits in twenty twenty two were produced by women. So

0:20:34.680 --> 0:20:37.200
<v Speaker 1>this is something that you're taking on. I would love

0:20:37.200 --> 0:20:39.320
<v Speaker 1>for you to tell us about the turn the Dial

0:20:39.359 --> 0:20:43.480
<v Speaker 1>initiative and what you think can be done here.

0:20:43.600 --> 0:20:46.680
<v Speaker 2>Yeah, I mean I found this stat to be particularly shocking.

0:20:47.240 --> 0:20:50.440
<v Speaker 2>You know, we know in certain fields and certain industries

0:20:50.440 --> 0:20:53.840
<v Speaker 2>that women are underrepresented, but this feels like a space

0:20:54.119 --> 0:20:57.680
<v Speaker 2>in music production that just hasn't had much movement right

0:20:57.800 --> 0:21:00.480
<v Speaker 2>in the last several years. Whereas you know, I think

0:21:00.480 --> 0:21:02.399
<v Speaker 2>in others we're talking about it more, right, this is

0:21:02.440 --> 0:21:05.600
<v Speaker 2>one that at least I hadn't been hearing about as

0:21:05.680 --> 0:21:09.159
<v Speaker 2>much as we might be hearing about in engineering or

0:21:09.200 --> 0:21:11.960
<v Speaker 2>in technology or in the C suite right where you know,

0:21:12.119 --> 0:21:15.760
<v Speaker 2>we see articles and things about those challenges all the time.

0:21:16.160 --> 0:21:18.399
<v Speaker 2>This one felt like no one had really put a

0:21:18.400 --> 0:21:22.720
<v Speaker 2>spotlight on it. And you know, we love music at Bo's, Right.

0:21:22.760 --> 0:21:25.160
<v Speaker 2>I talked before that our customer is the music lover

0:21:25.280 --> 0:21:27.920
<v Speaker 2>and that's actually who we are too. Right, if you

0:21:28.080 --> 0:21:30.760
<v Speaker 2>kind of show up at any Bo's facility around the world,

0:21:31.160 --> 0:21:33.320
<v Speaker 2>there will be a conversation about music. There'll be someone

0:21:33.359 --> 0:21:35.720
<v Speaker 2>with a guitar, or there'll be someone playing a riff

0:21:35.760 --> 0:21:38.760
<v Speaker 2>at lunch, like, there will be something happening that has

0:21:38.800 --> 0:21:41.840
<v Speaker 2>to do with music. And as people who love music,

0:21:41.920 --> 0:21:45.760
<v Speaker 2>I think we believe that the more diverse the producers

0:21:45.760 --> 0:21:48.679
<v Speaker 2>of music are, the better the music will be. And

0:21:48.760 --> 0:21:50.520
<v Speaker 2>so this was one that we thought we could maybe

0:21:50.560 --> 0:21:53.080
<v Speaker 2>do something about and we wanted to lean into it.

0:21:53.440 --> 0:21:54.880
<v Speaker 1>Yeah, so what are you doing.

0:21:55.359 --> 0:21:57.199
<v Speaker 2>Well, it's a couple things. I mean, I think the

0:21:57.200 --> 0:21:59.320
<v Speaker 2>first thing is just talking about it, right. It's been

0:21:59.359 --> 0:22:02.840
<v Speaker 2>great to see the reaction. I've gotten so many positive

0:22:02.840 --> 0:22:06.160
<v Speaker 2>comments about our getting involved in this, and it really

0:22:06.200 --> 0:22:08.760
<v Speaker 2>is touching a chord with folks. So we partnered with

0:22:09.200 --> 0:22:12.800
<v Speaker 2>a few great producers like Her and Pink Pantherest and

0:22:13.440 --> 0:22:16.800
<v Speaker 2>Wonder Girl and Blondish to have them tell their stories.

0:22:16.840 --> 0:22:20.120
<v Speaker 2>There's nothing more powerful than hearing one of those, two

0:22:20.119 --> 0:22:22.880
<v Speaker 2>point eight or two point three percent of women tell

0:22:22.960 --> 0:22:25.720
<v Speaker 2>the story about how they got there and why they

0:22:25.800 --> 0:22:29.720
<v Speaker 2>persevered in a space that clearly has been challenging for

0:22:29.760 --> 0:22:31.680
<v Speaker 2>women in the past, and so part of it is

0:22:31.760 --> 0:22:34.080
<v Speaker 2>just raising awareness and talking about I think there's value

0:22:34.119 --> 0:22:37.480
<v Speaker 2>in that. We're also partnering with a nonprofit called She

0:22:37.640 --> 0:22:40.240
<v Speaker 2>Is the Music. They do a lot of terrific work

0:22:40.240 --> 0:22:42.960
<v Speaker 2>in this area and they've been great at helping guide

0:22:43.040 --> 0:22:45.640
<v Speaker 2>us on what more could we do to have an impact,

0:22:45.640 --> 0:22:49.199
<v Speaker 2>and so with their help, we've created something we call

0:22:49.240 --> 0:22:54.560
<v Speaker 2>the Sound Is Power Impact Board, and we've collected a

0:22:54.640 --> 0:22:58.399
<v Speaker 2>bunch of great industry A and R folks alongside some

0:22:58.480 --> 0:23:02.840
<v Speaker 2>of our music producers that we're partnering with, and they're

0:23:02.880 --> 0:23:06.440
<v Speaker 2>really getting together to help us evaluate and shine a

0:23:06.520 --> 0:23:09.919
<v Speaker 2>light on new talent. And so we've been asking for

0:23:10.000 --> 0:23:14.119
<v Speaker 2>submissions right so for female and non binary producers to

0:23:14.600 --> 0:23:17.800
<v Speaker 2>upload their work, get their sounds and their beats into

0:23:17.840 --> 0:23:20.760
<v Speaker 2>the hands of our impact Board, who are going to

0:23:20.760 --> 0:23:23.280
<v Speaker 2>review them and try to help raise up some of

0:23:23.320 --> 0:23:26.160
<v Speaker 2>these great folks who are working out there but are

0:23:26.160 --> 0:23:28.760
<v Speaker 2>having trouble having their voice be heard. And so we're

0:23:28.800 --> 0:23:31.520
<v Speaker 2>excited about that we're only a little over a month in.

0:23:31.640 --> 0:23:34.880
<v Speaker 2>We've got hundreds of submissions and our impact board will

0:23:34.880 --> 0:23:37.840
<v Speaker 2>meet quarterly to review them, and we're really excited to

0:23:37.840 --> 0:23:39.000
<v Speaker 2>see what's going to come out of that.

0:23:39.560 --> 0:23:43.359
<v Speaker 1>You mentioned before that your employees and your consumers share

0:23:43.520 --> 0:23:47.520
<v Speaker 1>a passion for audio. They share that interest in music.

0:23:48.200 --> 0:23:51.880
<v Speaker 1>Do you think that's an important business tenant to have

0:23:52.119 --> 0:23:52.800
<v Speaker 1>that connection.

0:23:53.160 --> 0:23:55.320
<v Speaker 2>I do. I think it's one of the unique things

0:23:55.359 --> 0:23:59.440
<v Speaker 2>about those You know, it's all we do right, and

0:24:00.000 --> 0:24:03.000
<v Speaker 2>a lot of our competitors do amazing things, but they're

0:24:03.000 --> 0:24:04.679
<v Speaker 2>doing a lot of different things. And I think what

0:24:04.800 --> 0:24:08.080
<v Speaker 2>makes us unique is that we joke at Bo's sound

0:24:08.160 --> 0:24:10.480
<v Speaker 2>is not an accessory. It is everything we do. It

0:24:10.640 --> 0:24:12.600
<v Speaker 2>is it is the most important thing, and it's in

0:24:12.640 --> 0:24:17.840
<v Speaker 2>the center. And so I think that comes through in

0:24:17.920 --> 0:24:21.119
<v Speaker 2>the passion with which we develop our products and the

0:24:21.160 --> 0:24:23.760
<v Speaker 2>details that we think about and how we think about

0:24:23.760 --> 0:24:26.720
<v Speaker 2>our experiences. I also think it just makes for a

0:24:26.760 --> 0:24:31.280
<v Speaker 2>more happy, engaged workforce. If you're working on something that

0:24:31.320 --> 0:24:34.080
<v Speaker 2>you're passionate about, life is so much better. And so,

0:24:34.640 --> 0:24:36.199
<v Speaker 2>you know, I always tell people it's one of my

0:24:36.400 --> 0:24:39.080
<v Speaker 2>pieces of advice, is you know, do something you're passionate

0:24:39.119 --> 0:24:41.040
<v Speaker 2>about We spend way too much time at work to

0:24:41.119 --> 0:24:45.119
<v Speaker 2>do something that feels mundane or not important or not

0:24:45.640 --> 0:24:48.560
<v Speaker 2>connected to what you care about. And so I think

0:24:48.600 --> 0:24:52.120
<v Speaker 2>we're really lucky to have to work in a space

0:24:52.359 --> 0:24:54.960
<v Speaker 2>where people are passionate about it and can be passionate

0:24:55.000 --> 0:24:56.720
<v Speaker 2>about it. So I think it's actually one of the

0:24:56.720 --> 0:24:59.320
<v Speaker 2>really cool things about working at both.

0:24:59.320 --> 0:25:01.160
<v Speaker 1>And based in Massachusetts.

0:25:01.200 --> 0:25:03.520
<v Speaker 2>Correct, Yeah, headquarters in Massachusetts.

0:25:03.840 --> 0:25:06.719
<v Speaker 1>So I mean, is there like a proliferation of like

0:25:06.840 --> 0:25:09.960
<v Speaker 1>music lovers in New England or something like, could Bose

0:25:10.040 --> 0:25:13.679
<v Speaker 1>live anywhere? Or does Massachusetts actually fit Bose?

0:25:14.040 --> 0:25:17.200
<v Speaker 2>Well, we've been here for so long, right, so our history,

0:25:17.240 --> 0:25:20.440
<v Speaker 2>our founder, doctor M. R. Bose was a professor at MIT,

0:25:21.320 --> 0:25:25.639
<v Speaker 2>and so he was a Boston guy and so naturally

0:25:25.720 --> 0:25:28.399
<v Speaker 2>he wanted this company to be headquartered here, and so

0:25:28.480 --> 0:25:32.080
<v Speaker 2>our roots run deep in Massachusetts. And we've been here

0:25:32.119 --> 0:25:35.639
<v Speaker 2>for you know, almost sixty years. So certainly that's true.

0:25:36.160 --> 0:25:39.280
<v Speaker 2>There's such amazing talent that comes young talent that comes

0:25:39.280 --> 0:25:43.440
<v Speaker 2>to Boston for college and you know, I mean everyone

0:25:43.520 --> 0:25:46.520
<v Speaker 2>knows that Boston is sort of this epicenter for college

0:25:46.560 --> 0:25:50.440
<v Speaker 2>students and graduate students and technology. And you know, we've

0:25:50.440 --> 0:25:52.800
<v Speaker 2>got the Berkeley School of Music. So there's a lot

0:25:52.800 --> 0:25:57.520
<v Speaker 2>of ingredients in Massachusetts that have created great talent for BOS.

0:25:57.680 --> 0:25:59.800
<v Speaker 2>But we also have people who moved to Massachusetts to

0:25:59.800 --> 0:26:01.720
<v Speaker 2>be a part of it. And as I said before,

0:26:01.760 --> 0:26:04.159
<v Speaker 2>we've got people all over the world, So we're not

0:26:04.480 --> 0:26:08.359
<v Speaker 2>we're certainly headquartered here, but we attract folks globally on

0:26:08.440 --> 0:26:10.320
<v Speaker 2>the basis of what we do at both.

0:26:10.920 --> 0:26:15.720
<v Speaker 1>You've described yourself jokingly as over educated because you have

0:26:16.720 --> 0:26:19.840
<v Speaker 1>a master's, you have a PhD in mechanical engineering. You

0:26:19.920 --> 0:26:25.040
<v Speaker 1>went to MIT knowing what higher education costs today and

0:26:25.160 --> 0:26:29.199
<v Speaker 1>having kids the ages that yours are. Would you do

0:26:29.240 --> 0:26:30.200
<v Speaker 1>it the same again?

0:26:31.000 --> 0:26:37.040
<v Speaker 2>I would actually, you know, I often say the process

0:26:37.040 --> 0:26:39.920
<v Speaker 2>of getting a PhD taught me more about myself than

0:26:39.960 --> 0:26:43.040
<v Speaker 2>maybe any other experience I have had in my life,

0:26:43.080 --> 0:26:45.720
<v Speaker 2>about what I'm good at and what I'm not good at,

0:26:45.720 --> 0:26:48.640
<v Speaker 2>and what I enjoy and what I'm capable of, And

0:26:48.680 --> 0:26:53.440
<v Speaker 2>so the process itself, to me was amazing.

0:26:53.960 --> 0:26:55.880
<v Speaker 1>What about it? What do they give you?

0:26:56.400 --> 0:27:00.320
<v Speaker 2>I think I talk about grit. I love the idea

0:27:00.400 --> 0:27:04.080
<v Speaker 2>of grit. You know, this idea of goes back to

0:27:04.160 --> 0:27:07.160
<v Speaker 2>passion and perseverance. It's sort of where those two things meet,

0:27:07.880 --> 0:27:11.439
<v Speaker 2>and I think that's what I learned at MIT, the

0:27:11.480 --> 0:27:16.479
<v Speaker 2>ability to persevere through an endless number of challenges that

0:27:16.520 --> 0:27:19.640
<v Speaker 2>confront you, and while you have a very supportive group

0:27:19.640 --> 0:27:21.960
<v Speaker 2>of people around you, at the end of the day,

0:27:22.240 --> 0:27:24.840
<v Speaker 2>you have to find it in you to persevere and

0:27:24.840 --> 0:27:27.600
<v Speaker 2>to get through those things. And that was valuable life

0:27:27.680 --> 0:27:30.040
<v Speaker 2>experience that I use every day. I of course, also

0:27:30.080 --> 0:27:32.920
<v Speaker 2>learned how to be a great problem solver getting my

0:27:33.680 --> 0:27:37.320
<v Speaker 2>master's degree my PhD at MIT, and so I think again,

0:27:37.400 --> 0:27:41.080
<v Speaker 2>that's something that you probably could learn with experience, but

0:27:41.160 --> 0:27:43.320
<v Speaker 2>I think I got there a lot faster with the

0:27:43.359 --> 0:27:49.000
<v Speaker 2>help of some pretty amazing professors, advisors, and peers in

0:27:49.080 --> 0:27:50.400
<v Speaker 2>my educational experience.

0:27:56.600 --> 0:27:59.960
<v Speaker 1>Thanks for tuning into Variety strictly Business. This episode was

0:28:00.160 --> 0:28:03.480
<v Speaker 1>edited by Laurence Schroeder. Please make sure you subscribe to

0:28:03.520 --> 0:28:07.240
<v Speaker 1>the podcast to hear future episodes featuring conversations with media

0:28:07.320 --> 0:28:11.040
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0:28:11.119 --> 0:28:12.400
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