7. Eric Gleacher - Marine, Investment Banker, and author of: Risk. Reward. Repeat.
Eric Gleacher had an amazing career in Investment Banking and was one of the founders and luminaries of Mergers & Acquisitions on Wall Street. He was also a competitive golfer, Marine Infantry Officer, University of Chicago GSB (now Booth) graduate, father of six, and now an author. His book, "Risk. Reward. Repeat. How I Succeeded and How You Can Too" is available wherever books are sold. Here is a link to the book on Amazon. All proceeds from the book are donated to charity.1:20-17:54 - We discuss Eric's generous donations to Chicago Booth. Eric is a generous donor to the University of Chicago Booth School of Business. We discuss his $15M donation for the Gleacher Center downtown campus as well as his $10M donation and the matching $10M made by the Harper Family Foundation to create the Veteran Scholarship Fund for veterans attending Chicago Booth.17:54-29:45 - We discuss the book, his 'North Star' as well as his service in the Marines.29:45-34:30 - We discuss the impact of golf on his life and how it shaped his desire to pursue excellence at everything he did.34:30-40:40 - We discuss his decision to transfer from Western Illinois to Northwestern and his mantra that 'The world belongs to the aggressive.' We also delve into his first job out of Northwestern, how it shaped him, and his decision to join the Marine Corps.40:40-44:00 - We discuss his time at UChicago GSB and his path to Wall Street.44:00-58:50 - We discuss Investment Banking, the origins of M&A, why firms use bankers, the value of independent advice, and what skill sets lead to success. 58:50-1:12:15 - Eric discusses his time at Lehman Brothers, how he made the most of his opportunity, navigated the firm, and developed expertise. We also discuss when he felt like he got 'discovered' as a person with potential and knew he could cut it. Eric explains his decision to leave Lehman for Morgan Stanley.1:12:15-1:32:00 - Eric discusses his time at Morgan Stanley, the creativity he put into his deals, some risks he took and why he took them, as well as his battles with Mike Milken during the hostile takeover days of the late 80's. 1:32:00- 1:44:00 - We discuss Eric's decision to open his own firm. Eric discusses how he chose to leave and the care he put into forming the culture. The importance of equity and ownership. How reputation and relationships matter.1:44:00- 1:54:46 - Eric discusses how he views his career overall. Why it's important to find something you love instead of 'getting stuck' and the value of pursuing excellence. He provides his input on work/life balance and perspective on wealth and giving to philanthropy vs family. Lastly, he shares what he looks for in people when identifying character and potential.
Colombia