

It's hard to keep things moving. And that's always a big trick. I think for me, the key is setting really big goals. And, you know, with YouTube, I think we've had tremendous leadership, both with the founders and now with Salar, who's been running it.
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That's why I find Elon to be an inspiring example. He said, 'Well, what should I really do in this world? Solve cars, global warming, and make humans multi-planetary.' I mean those are pretty compelling goals, and now he has businesses to do that.
Market leadership can translate directly to higher revenue, higher profitability, greater capital velocity, and correspondingly stronger returns on invested capital.
I think real estate is really core, but you just nailed why I'm still here and loved retail - it's because of the breadth of it. I didn't appreciate how interesting retail was until I got started. You have to have a customer relationship, but you need leadership skills, servant leadership characteristics.
The one thing I have learned as a CEO is that leadership at various levels is vastly different. As you move up the organization, the requirements for leading that organization don't grow vertically; they grow exponentially.
I think companies have a big problem making a big transition, so leaders get replaced.
I would say that I'm blessed with a very, very good executive team that operates, reasonably autonomously, each of the companies.
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