E260 Walt Rakowich - Leading a Real Estate Organization with Transfluence: Executive Leadership in Tumultuous Times, Transforming an Organizational Culture From the Former Prologis CEO
Walter C. Rakowich is the former CEO of Prologis, a global real estate company that was near collapse when he took over as CEO in 2008. During the economic downturn, the Prologis stock had dropped from over $70 per share to approximately $2 per share in 10 months, making it the third-worst performing company in the S&P 500. After Walt joined as CEO, he quickly implemented a change in culture through transparency, orchestrating a dramatic turnaround and restoring its position in the industry.
Tyler and Walt discussed how Walt led Prologis from the brink of collapse during the great financial crisis and wisdom on how you can become a great leader within your organization.
Highlights include:
Walt’s foray into leadership at Prologis
The strategic and, most importantly, cultural moves Walt made as CEO
The importance of transparency in leadership
The three best practices that Walt made time for each morning
The leadership concept of the inverted pyramid
Walt’s leadership concept of Transfluence (transformational influence)
The root cause of pride and/or fear in a leader
Transactional and transformational relationships
Why most employees leave their jobs
Three different climates that create opportunities and challenges for leaders
Why you need to focus on the journey, not the destination
Walt’s 3H Core: Humility, (consistent) honesty and heart
How Walt starts his day with a clear mind
Connect with Walt:
Website: https://waltrakowich.com
Twitter: https://twitter.com/waltrakowich
Instagram: https://www.instagram.com/waltrakowich/
LinkedIn: https://www.linkedin.com/in/waltrakowich/
Facebook: https://www.facebook.com/WaltRakowich/
The following books were mentioned in the show:
Transfluence by Walt Rakowich
Half Time by Bob Buford and Jim Collins
The Purpose Driven Life by Rick Warren
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