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1-Sentence-Summary: The Ride Of A Lifetime shares the inspirational story of Robert Iger, including his journey to becoming the CEO of Disney and how his vision, strategy, and leadership guided the company through a time when it’s future was uncertain.
Read in: 4 minutes
Favorite quote from the author:
Disney is crushing it right now in a lot of different realms. In just the last decade or so they’ve acquired Fox, Marvel, ESPN, and others. It seems that everything you see these days to do with entertainment comes from it. Looking back, it appears that it’s rise to power was almost inevitable.
But did you know that it was struggling back in 2005 when Robert Iger took charge as CEO? After expensive failures and drama with the previous CEO in the late 90s and early 2000s, Iger took the company to places it had never been before.
The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company shares the story of how Robert Iger rose to his position and to the calling to bring the company to its current state. You’ll find inspiration in the man’s innovative and daring leadership style and the successes that he brought with it.
Let’s see how much we can learn from Iger’s career in just 3 lessons:
- Pay attention to what you might consider coincidence, it just may end up leading you to success.
- Even if an idea you have sounds crazy, try it anyway because you never know what great opportunities will come from it until you do.
- Don’t give up on even the toughest of aspirations, remember that you can utilize your connections to make great things happen.
Ready to see how dreams really can come true? Let’s go!If you want to save this summary for later, download the free PDF and read it whenever you want.
Lesson 1: You might be just one “coincidence” away from success.
Call it luck or fate if you want, but Iger’s career success began as no chance. After surgery in Manhattan, his uncle Bob was recovering and just so happened to be sharing a room with an executive at ABC.
For whatever reason, this hospital roommate decided to share his reputation with Iger’s uncle. When Bob said that he had a 23-year-old nephew that needed a job, the executive gave him his number to give to Iger.
Although embarrassed when Iger actually called, the man used his influence to get Iger an interview in a small department within ABC. While the pay wasn’t great and the schedule difficult, Iger had his first job with the company.
There were benefits to the position, however. While working on one show he got to meet Frank Sinatra, for example. He also got to meet other influential people at ABC, one of whom offered him a different position in the Sports division.
While there, Iger got to experience a lot more luxury than in his previous role. He got to spend time with celebrities and athletes, enjoy expensive lunches, and travel the world. It wasn’t all fun and games though, as Iger worked hard and learned a lot.
All of this was laying the foundations for his work with Disney. And it was from a simple connection his uncle made in a hospital and Iger’s diligence to follow up on it.
Lesson 2: Unbelievable opportunities come from trying ideas that initially sound impossible.
After an eventual promotion to COO of ABC, Iger found himself working for Disney when the two companies merged in 1996. Working hard through difficult circumstances, Iger proved himself.
When it was time for the company to appoint a new CEO, his efforts and plan for moving forward landed him the position. He had his work cut out for him, of course, because Disney had been struggling under its former leader.
One of the biggest parts of his plan to regain lost ground was to purchase Pixar. The studio had a rough past with Disney, and Steve Jobs, who owned it at the time, wasn’t happy with Disney either.
When Iger suggested his plan to the board, they had a hard time believing this was possible. Pixar had a $6 billion valuation and Jobs would be a tough nut to crack. Determined that this would save Disney, Iger persisted.
It was 2005 when Iger called Jobs to pitch his crazy idea. Although Iger asked for a meeting, the eager Steve Jobs wanted to hear it right then. With apprehension, Iger laid it out. After a long pause, Jobs responded:
“You know, that’s not the craziest idea in the world.”
It wasn’t long before the two companies had hashed out a deal and everything was set in motion. And we can see how well this went for Disney. Just look at the successes of movies like Ratatouille, The Incredibles, and Toy Story 3!
Lesson 3: Your network is a powerful asset that you can use to achieve even the biggest aspirations.
The acquisition of Pixar was a big deal, but Iger wasn’t done yet. He had big plans for Disney, and the next step of his plan was to get the rights to Marvel.
It was clear that the stories that the company owned the rights to were interesting, and many of them hadn’t been told on the big screen yet. They’d been struggling financially for a while, too.
But the path to ownership over Marvel wasn’t easy. The owner at the time was a stern and isolating man named Ike Perlmutter. It would be hard to convince him to sell.
Iger had his experiences with Steve Jobs on his side though. Although Jobs hated comics, he set that aside to help. Although tough, Perlmutter couldn’t resist being impressed with Iger when Jobs personally called to vouch for him.
In 2009 Disney made the purchase of Marvel final for a little over $4 billion.
Others critiqued this decision as the deal couldn’t include many important characters. Spider-Man, for example, was owned by Columbia Pictures. And Fox owned X-Men and The Incredible Hulk.
Iger was smart though and knew that the untold stories of characters in the Marvel Universe would be a hit.
And he was right. In 2019, as the 20th movie in the franchise, Avengers: Endgame became the highest-grossing film of all time, making $2 billion.
The Ride Of A Lifetime Review
Wow, what a power-packed book! There is a lot of information in The Ride Of A Lifetime and some pretty incredible lessons too. I knew Disney was becoming a giant in the entertainment industry, but getting a better look at how it’s all happened has been really interesting!
Who would I recommend The Ride Of A Lifetime summary to?
The 30-year-old parents who have always loved Disney and are curious to learn more about its recent acquisitions, the 48-year-old leader that wants some inspiration to try bold innovations to help their company move forward, and anyone that loves to hear an inspiring story.
For My Weird Sea
A Love Poem by Anonymous
Roses are red,
Violets are blue,
My story is weird,
And so are you.
Orchids are white,
Ghost ones are rare,
Your type is blonde,
And so is your hair.
With buds like eggs,
The body is fat,
And so are your legs.
Up to the skies,
A brown is pale,
And so are your eyes.
Foxgloves in hedges,
Surround the farms,
Your hide is tanned,
And so are your arms.
Daisies are pretty,
Daffies have style,
Power is illuminating,
And so is your smile.
Sea is beautiful,
Just like you.
Rhyming Couplet Ideas by jay
See the sleeping of the lawyer,
I think he’s angry at the multiemployer.
He finds it hard to see the net,
Overshadowed by the weird et.
Who is that hiding near the house?
I think she’d like to eat the roundhouse.
She is but an empty girl,
Admired as she sits upon a burl.
Her major car is just a lake,
It needs no gas, it runs on milk snake.
She’s not alone she brings a zombie,
a pet giraffe, and lots of palombi.
The giraffe likes to chase a snail,
Especially one that’s in the wholesale.
The lawyer shudders at the neat camel
He want to leave but she wants the trammell.
It’s ironic that today we celebrate the anniversary of the Gettysburg Address, because the entire conceit of Lincoln’s short, 271-word address was that people would little note nor remember what he was saying. What counted to Lincoln was what the soldiers had done.
The full measure of their sacrifice, for freedom, to preserve the Union, was beyond anyone’s ability to add or subtract. The Stoics would have agreed with that sentiment. It’s a waste of time to talk about what a good man is like, Marcus Aurelius said, we just have to be one. So what, he asked, if people remember things you said while you were alive?
We do remember what Lincoln said at Gettysburg. Because what he did in that short address was lay out—perhaps better than any other person—the kind of ideals we are trying to live up to and serve. He defined and celebrated heroism for us with such beauty that you can’t help but memorize it.
We forget the 13,000 words—the two hours—that the speaker before him spent bloviating. What we remember is Lincoln’s boiled-down poetry. Because that poetry was calling us to something higher. The Gettysburg Address is a call to pick up the unfinished work of those noble soldiers who died so that other men could be free, so that all men could—someday, eventually—be treated equally. It was a consecration of those virtues of courage and moderation and justice and wisdom.
Marcus Aurelius believed there was nothing more inspiring than to see virtue embodied in the people around us. On this day, 157 years ago, Lincoln managed to, in a few short minutes, enshrine virtue in a speech that echoes in eternity.
Does it matter more than the true sacrifices of the soldiers buried in the field where he spoke? No. But it was a fitting tribute that we can continue to ring out today.
A great example of Speech Craft.
Shot In the Dark Meaning: An attempt that has little chance for success.
|“Change is the end result of all true learning.”|
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|WORD OF THE DAY|
|1A long or elaborate essay or discussion on a particular subject.|
|Examples of Disquisition in a sentence “Lucian submitted a disquisition of poetry inspired by Shakespeare for his thesis.” “I don’t just love cheese — I wrote a disquisition on the origins of cheesemaking.”|
That’s easy to say but hard to visualize.
Even a puddle has more drops than we can count.
It’s got to be difficult to be a drop.
What else could the ocean be made of?
COURTESY: Seth Godin’s Newsletter
An attitude of entitlement doesn’t increase the chances you’ll get what you want.
And it ruins the joy of the things you do get.
Win or lose, you lose.
courtesy: Seth Godin’s newsletter
This week on LSE Business Review
Transparency about risks and consistent messaging may reduce vaccine scepticism
Perceptions of government inaction or political interference with trials and regulatory approval may foster doubts about safety, write Barry Eichengreen, Cevat Giray Aksoy and Orkun Saka
Europe has a unique opportunity to lead in the democratisation of artificial intelligence
Information must respect human agency in a world where lives increasingly fit in digital interfaces, write Josh Entsminger, Mark Esposito and Terence Tse
How leading economists view antitrust in the digital economy
US and European experts discuss internet giants, and Google’s dominance of search and operating practices, writes Romesh Vaitilingam
New paradigms explore ‘systems-oriented’ ways of managing risk
Approaches based only on financial risk are blind to the multi-dimensional nature of the threats facing our world, write Katie Kedward, Martha McPherson and Ria Sen
Diversity and inclusion: it’s a numbers game, but not the one most people think
More than representation, it’s about involvement, so that people of different backgrounds can create business value, writes Frederick Herbert
3-2-1 ThursdayNote: You are receiving this email because you subscribed to my weekly 3-2-1 newsletter. Every Thursday, I share 3 ideas from me, 2 quotes from others, and 1 question for you to ponder. Occasionally, I also send out long-form articles on habits and self-improvement.
3 ideas, 2 quotes, 1 question (November 19, 2020)
“Working to deliver the most wisdom per word of any newsletter on the web.”
Happy 3-2-1 Thursday,
Before we begin: If you’ve been considering grabbing a copy of Atomic Habits, then today is a good day to do it. Amazon just dropped the price again. You can grab it for 45% off right now.
On to the main event. Here are 3 short ideas from me, 2 quotes from others, and 1 question to ponder this week. I hope you enjoy this issue.
3 IDEAS FROM ME
“The feeling of progress is one of the best feelings of all. This is true even when progress is small.”
“Many people work hard, but few people work on the highest and best thing.
Usually, it takes no more effort to work on high leverage tasks than it does to work on low leverage ones.
It’s just a matter of directing your energy.”
“Not enough is said about the power of thinking about one topic for a long period of time.
If you revisit a topic continually for a few years, most problems (and many solutions) will occur to you at some point.
Expertise can be the gradual accumulation of many modest insights.”
2 QUOTES FROM OTHERS
The philosopher Balthasar Gracian on friendship:
“To keep is more important than to make friends. Select those that will wear well; if they are new at first, it is some consolation they will become old…
There is no desert like living without friends. Friendship multiplies the good of life and divides the evil. It is the sole remedy against misfortune, the very ventilation of the soul.”
Source: The Art of Worldly Wisdom
Author and writing instructor Natalie Goldberg on how to improve your writing (or anything else):
“In order to improve your writing, you have to practice just like any other sport. But don’t be dutiful and make it into a blind routine. “Yes, I have written an hour today and I wrote an hour yesterday and an hour the day before.” Don’t just put in your time. That is not enough. You have to make great effort. Be willing to put your whole life on the line when you sit down for writing practice. Otherwise you are just mechanically pushing the pen across the page and intermittently looking at the clock to see if your time is up.
Some people hear the rule “Write every day” and do it and don’t improve. They are just being dutiful. That is the way of the Goody Two-shoes. It is a waste of energy because it takes tremendous effort to just follow the rules if your heart isn’t into it. If you find that this is your basic attitude, then stop writing. Stay away from it for a week or a year. Wait until you are hungry to say something, until there is an aching in you to speak. Then come back.”
Source: Writing Down the Bones
1 QUESTION FOR YOU
What would your closest friend tell you to do?
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Until next week,
Under the Weather Meaning: Not feeling well, in health or mood.
Never have I ever Googled my own name.
A song you like that you think has hidden meanings.
“Tsundoku” is a Japanese word for the habit of buying too many books, letting them pile up in your house, and never reading them.
How many chances do you give a person before you write them off?
“Laughter is the sun that drives winter from the human face.”
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“Art depends on luck and talent.”
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|“I wonder if other dogs think poodles are members of a weird religious cult.”|
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Shimmer and Shine Sparkle, shimmer and shine on this glass covered soul of mine look beneath the surface of me and a whole new world you shall see Deeper than it looks from outside it is in this abyss I chose to hide so rain your starlight upon my soul spread your light into my holeShimmer and Shine – a poem by willowwisp – All Poetry