It's Better To Be Rich Than Right: Peter May
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- Опубликовано: 20 мар 2024
- In this episode of Big Shot, we're honored to host business mogul Peter May. But his path to managing more than $7 billion is not what you might expect. What started as a career as an accountant at the prestigious KPMG quickly became something much different once Peter crossed paths with Nelson Peltz, igniting a dynamic partnership that spanned decades. Together, they founded Triarc Companies and pioneered innovative funding strategies, revitalizing numerous struggling businesses. They eventually sold the company and founded Trian Partners, a multi-billion dollar investment firm. Peter's commitment to philanthropy extends beyond financial contributions, as he invests his time and expertise. Notably, his impactful work with Mount Sinai Health Systems and Operation Exodus showcases his dedication to making a difference. Join us as Peter generously imparts invaluable insights and practical wisdom applicable to all aspects of life.
In This Episode We Cover:
(07:28) What it was like growing up during the Cold War in Long Island
(12:12) How his father was a great role model
(14:33) Peter’s time at The University of Chicago
(16:25) How Peter was inspired by his father’s saying, “Do more than what’s expected of you”
(22:24) The Jewish value of education
(24:53) How Peter was able to avoid being drafted to Vietnam
(30:59) Getting started as an accountant at KPMG
(32:40) How Peter met Nelson Peltz
(34:24) The importance of adding value
(36:11) The origins of Home Depot
(38:16) How Peter and Nelson Peltz went into business together
(41:00) When Peter and Nelson took their company public
(44:25) What happened after Peter and Nelson sold Flagstaff foods
(49:20) Peter and Nelson’s funding strategy emerges
(50:42) How MPM group consulting got its start
(51:57) What constructive capitalism is
(54:10) How Peter and Nelson bought Triangle Industries
(1:00:29) How Peter and Nelson transformed Triangle and made it profitable
(1:03:18) The purchase of America Can and National Can
(1:17:03) The meaning of Nelson’s phrase “I’d rather be rich than right”
(1:18:53) Why Peter doesn’t look back much
(1:20:14) Why chutzpah is so quintessential to the Jewish entrepreneurial experience
(1:22:23) Why Peter doesn’t feel like he’s made it still
(1:23:30) About “engaged philanthropy” and how Peter helped turn around Mount Sinai Health
(1:30:15) Peter’s advice to the next generation
(1:33:26) About Operation Exodus
(1:36:33) Peter’s legacy
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Referenced:
Green tea benefits: www.firebellytea.com/blogs/al...
Firebelly Tea: www.firebellytea.com/
The University of Chicago: www.uchicago.edu/en
Pogroms: encyclopedia.ushmm.org/conten...
Nelson Peltz: www.forbes.com/profile/nelson...
Arthur Anderson: en.wikipedia.org/wiki/Arthur_...
KPMG: kpmg.com/
Emerson Radio: www.emersonradio.com/
Bernard Marcus: en.wikipedia.org/wiki/Bernard...
Mike Milken: en.wikipedia.org/wiki/Michael...
Saul Steinberg: en.wikipedia.org/wiki/Saul_St...
Victor Posner: en.wikipedia.org/wiki/Victor_...
Alcoa: www.alcoa.com/global/en/home/
Mount Sinai Health System: www.mountsinai.org/
Engaged philanthropy: engagedgiving.org/philosophy
Operation Exodus: operationexodususa.org/
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Where to find Peter May:
Mount Sinai Health: www.mountsinai.org/about/boar...
Wendy’s: www.wendys.com/who-we-are/boa...
Where To Find Big Shot:
Website: www.bigshot.show/
RUclips: / @bigshotpodcast
TikTok: / bigshotshow
Instagram: / bigshotshow
Harley Finkelstein: / harleyf
David Segal: / tea_maverick
Production and Marketing: penname.co
I dont understand how this podcast is not #1 in the world ... its amazing. I learn so much from these podcasts . Great job guys , keep going
😊
It’s going to hit a bigger market at some point, no doubt. I love this show.
As a black female entrepreneur, I am finding this podcast to be the best of all business podcasts of all time. I love the enthusiasm of the hosts. I am going to support to keep it going.
Huge Fan! Guys can you please try to bring Larry Fink ? It will be crazyyyyyyyy
🔥
We'd love to have Larry on the show!
Are you guys working on a merch line? So many awesome quotes from the episodes could be on appeal or firebelly mugs
Thanks so much for these interviews, they are so entertaining
Love this show. As a Jewish business owner your podcast always makes me feel great and connected to my tribe
Well done really enjoying these podcasts 🎉
Thanks for listening
Love your content. Keep it up guys. Your tshirsts are also very cool. You should market them and make some money to support the channel
Another great episode. Thank you
Keep them coming. This is the best motivations I can ask for.
This episode is a favorite 🔥
Another 10/10.....Thanks for doing these....so great!
This show is amazing, very interesting, very impressive Good job❤❤
Why did you take chapters out? It makes the flow far better. Especially if people are looking for a specific bit
I like chapters in videos because I can get a brief of what that segment is and if it interests me I’ll watch.
No chapters is an offput because I don’t have much time unfortunately.
Please include chapters again like you did in the past
nice
Very nice
Perfect person right in your backyard, Mitch Garber.
This might be the funniest thing I’ve watched in years lmao
Which tea flavour is closest to Irish breakfast tea? The champion?
Yes! That’s the one if you like traditional black tea. It’s excellent
Long ass intro
This podcast would be better if you didn’t spend 10min talking by about your tea business
That music used as the theme song is so annoying
So now I should have been an accountant?
😂
Let's go!
There voice and they sound so homosexual man .. the power of money is crazy .