The outsiders is an outstanding book about ceos who excelled at capital allocation, buffett wrote in 2012. Not on the top of my list, but has good insight into the capital cities culture. I recently finished limping on water capital cities book recommended in brk 2015 letter. An inside look at finding outsider ceos the motley fool. Buffett described murphy as an enormously eventempered and able business person. If he was cheap, it was on expenditures that he felt did not produce an adequate financial return. I get paid not just to make deals, but to make good deals. Burke became president of abc following the merger, running the daily operations of the television network until his retirement in 1994. Tom murphys style has changed little since he joined capital cities communications inc. He is a partner and a member of the investment committee.
How disney chairman bob iger makes and spends money. Murphy, who was a justice of the new york state supreme court. Tom is related to emily a murphy and jacqueline murphy murphy as well as 2 additional people. I really liked this book because capital allocation rarely gets talked about at the csuite level from my experience. Jun 10, 2019 tom murphy, former chairman and ceo of capital citiesabc, appeared on the ogolead podcast in 2018, sharing leadership lessons he had learned during his storied time at one of americas foremost media companies and one of the great capital market success stories of its time. Thats all i have to say about william thorndikes the outsiders, the fourth and final book in my first quarter curriculum. Incoming ceo tom murphy, the head of capital cities broadcasting, had the task of putting everyone at ease and to. The list of ceos include henry singleton from teledyne, john malone from liberty media, katherine graham from the washington post, tom murphy from capital cities broadcasting and of course warren buffett of berkshire hathaway. I knew it was going to be a great book, but it was sitting in my big pile all year until this past weekend. A dozen lessons from buffetts favorite manager tom. Thomas tom murphy capital cities abc, hbs 1949, joined a small television station in upstate new york after graduating from hbs. Oct 23, 2014 the man who taught warren buffett how to manage a company.
Tom murphy hosts the ultimate podcast for inspirational conversation. Tom murphy head of institutional business slc management. I was interested in cap cities and tom murphy after reading the outsiders by thorndike. Oct 30, 20 under his leadership, murphy helped build capital cities from a small broadcasting company into a multibillion dollar media conglomerate but the time it was merged with disney in 1995. Over several decades, and as a result of many brilliantly crafted deals, he gradually built the telecommunications empire capital cities. If youve been reading along with me, or have picked at least one of the four business books i read this quarter, then i truly hope you got to this one. For example, world war ii with quotes will give more precise results than world war ii without quotes. My three favorites are john malone tci, henry singleton teledyne, and tom murphy cap cities. The outsiders is about 8 ceos who have enjoyed far better returns on company stock than their peers or the market due to their ability to allocate both financial and human capital. Youve undoubtedly heard of jack welch, the celebrity ceo of the century who generated. Aug 23, 2017 i get paid not just to make deals, but to make good deals. Tom murphy shares leadership lessons from capital cities. Murphy helped engineer the 1986 acquisition of the american broadcasting company in. In his book the outsiders, william thorndike lists.
The man who taught warren buffett how to manage a company. Beuth chronicles his broadcasting career at capital citiesabctv. Murphy has joined the firms global investment banking business as a managing director on its global industrial investment banking team. Oct 04, 2019 those are some of the intriguing revelations in igers new book the ride of a lifetime. Lessons learned from 15 years as ceo of the walt disney company. Tom murphy started out managing a tv station after graduating from harvard business school.
Murphy born may 31, 1925 is an american broadcast executive, and was chair and chief executive officer of capital cities abc, inc. For those who arent familiar with capital cities, it started as a radio station in 1946 and later added tv broadcasting in 1953 wikipedia. The outsiders by william thorndike a book about 8 spectacularly good businesses, their ceos and founders, and the business climate at that particular period. Tom is an american broadcast executive, and chairman and chief executive officer emeritus of capital cities abc, inc. Tom, who became president of cap cities, gradually built the company into a telecommunications empire. I would say it is one of the most important investment books i have ever read vardi. Tom murphy s strategy for success with capital cities is one of eight winning ceo strategies detailed in the book the outsiders, written by william thorndike, a harvard graduate and managing director at the bostonbased private equity firm housatonic partners. Tom murphy is the anchor for cbc nova scotia news, the host of land and sea on cbc television and is the maritimes national correspondent for cbc news.
Bill anders and general dynamics value creation in a fast moving stream. Secrets of sand hill road venture capital and how to get it know venture capital before you get married to a venture capitalist. Below is a fantastic interview of the former head of capital cities tom murphy from the year 2000. Its a book about ceos who take a different path to success, achieving it via. The outsiders this is old news as this book was recommended by warren buffett in berkshire hathaways 2012 annual report. Books on capital cities or tom murphy the value investor. Archives tom murphy of capital citiesabc hbs interview.
In most cases these ceos were not attention junkies and were not only great capital allocators but also time allocators. The new outsiders of course, the book is a historical study, and most of its profiled ceos are no longer in. Buffett is quoted in that book as saying that tom murphy and his. Why warren buffett says this indispensable life advice is. Murphy rose quickly at capital cities, a company so named because its first two television stations were in albany and in raleigh, n. Tom murphy drives the global business strategy for slc managements institutional business. Joel greenblatt on the little book that beats the market michael mauboussin on the success. They have also lived in astoria, ny and hempstead, ny plus 2 other locations. Jan 09, 2020 one of those heroes is tom murphy, a media executive and the former ceo of capital cities abc inc. The ceos he ended up profiling were tom murphy of capital cities.
Open library is an open, editable library catalog, building towards a web page for every book ever published. Tom murphy formerly of capital cities on what drove. The outsiders is a great book that looks at eight ceos who produced above average returns for shareholders over the long term. Tom murphy chief marketing officer turbonomic linkedin. The home for all charlie rose program information and video archive. Warren buffetts reading list, from benjamin graham to football. Tom murphy joins baird global investment banking, adding aerospace, defense and government services coverage baird, an employeeowned, international financial services firm, today announced that thomas j. Tom murphy and capital cities broadcasting an unconventional conglomerateur. He also leads crestviews relationships with many investors and industry leaders and focuses on transaction origination. Join facebook to connect with tom murphy and others you may know.
Facebook gives people the power to share and makes the world more open and connected. Murphy began his career as a broadcaster in 1954 at wrowtv in new york. Ten years later, he was appointed the ceo of capitol cities, and. Outsider and stated that, the name of the presentation comes from a book which i highly recommend you read. Tom murphy shares leadership lessons from capital cities abc. Murphy is an american broadcast executive, and is chairman and chief executive officer emeritus of capital cities abc, inc. View tom murphys profile on linkedin, the worlds largest professional community. Tom murphy shares leadership lessons from capital cities abc tom murphy, former chairman and ceo of capital cities abc, shares leadership lessons learned during his time at one of americas foremost media companies. Incoming ceo tom murphy, the head of capital cities broadcasting, had the task of putting everyone at ease and to advise how the transition was going to take place.
Heres a list of every book warren buffett has recommended this. Eight unconventional ceos and their radically rational blueprint for success. Phrase searching you can use double quotes to search for a series of words in a particular order. These two were the best managerial duo both in what they accomplished and how they did it that charlie and i ever witnessed. Murphy was a tremendous businessman that grew capital cities from an extremely small base to eventually buy abc, with the help of his good friend warren buffett. And tom murphy, like warren buffett, was a master at capital allocation. Tom murphy business air date 08041995 tom murphy, chairman and c. Tom murphy biographical text the text i quoted above. Tom is also cohead of crestviews industrials strategy. Over 29 years tom murphy of capital cities produced a 19. John malone and telecommunications tci a public lbo. The inspire wire brings in guests from a wide range of backgrounds, discussing ideas, experiences, passions, careers, and random thoughts from their lives that will change your perspective on life. A dozen things ive learned from tom murphy about capital.
Thomas murphy baker library bloomberg center harvard. The best ceo book ive ever read the reformed broker. One story often told is about tom murphy only painting the two sides of a building capital cities owned that faced the road. Thenchairman and ceo of disney michael eisner left and thenchairman and ceo of capital cities abc tom murphy right shake hands after a joint news conference. How the minnow came to swallow the whale hawver, walt on. How the outsiders became one of the most important business books in america. The book covers eight ceos including tom murphy capital cities broadcasting, henry singleton teledyne, bill anders general dynamics, john. Thomas tom murphy capital citiesabc, hbs 1949, joined a small television station in upstate new york after graduating from hbs. Tom murphy, former chairman and ceo emeritus of capital cities abc, inc.
But when it came to buying assets that produced excellent financial returns, tom murphy did not hesitate to spend money. Jan 11, 2015 one of the great skills that any investor or businessperson can have is a talent for capital allocation. Tom murphy and dan burke former capital cityabctv executives were the architects of these two achievements. It was his largest investment to date, and was the only thing that made the dealat the time, the largest nonoil deal in historypossible. The warren buffett way is another great book to read if you want to learn more about why buffett wanted to partner with tom murphy and capital citiesabc. Tom murphy formerly of capital cities on what drove success. An autobiography that chronicles his life at capital cities communications and tells you a lot about its leaders, tom murphy and dan burke. A dozen lessons from buffetts favorite manager tom murphy on capital allocation, warren buffett, release date. Over the ensuing decades, he would come to runown the media company capital cities, which bought abc and eventually sold itself to disney, earning shareholders who hung in there from the start 10,000 times not a typo. On a friday afternoon all the top abc executives on the east coast were gathered into a large studio to be introduced to our new bosses. Tom murphy thomas tom murphy capital cities abc, hbs 1949, joined a small television station in upstate new york after graduating from hbs.
How the outsiders became one of the most important. Over several decades, and as a result of many brilliantly crafted deals, he gradually built the telecommunications empire. Former ceo, capital cities abc i got two pieces of advice i have always remembered. Scott kupors new book secrets of sand hill road is a bottomtotop explanation of venture capital and other aspects of growing a business intended for founders, board members, employees, investors, venture capitalists and people who are curious about this investing approach. Thorndike will be at a nyssa event just chatting about capital allocation etc. Lawrence cunninghams new book, berkshire beyond buffett. Tom murphy, former chairman and ceo emeritus of capital. Dec 08, 2008 interview excerpt with thomas murphy, who will be inducted into the television hall of fame on december 9. Tom murphy phone, address, background info whitepages. Heres a list of every book warren buffett has recommended. Select this result to view tom f murphy s phone number, address, and more. Burke, along with tom murphy, built capital cities from a television station in albany, n. The third result is tom f murphy age 50s in garden city, ny in the garden city neighborhood. Slc management provides investment services to over 1,000 institutional clients across a continuum of.
The stock grew at over 20%pa over that 30 year period. Phil beuth gives you a ringside seat to view this remarkable story. Tom murphy of capital cities lengthy interview video. Tom murphy joins baird global investment banking, adding.
The two most important books in my life homecoming magazine. Interview excerpt with thomas murphy, who will be inducted into the television hall of fame on december 9. Murphy managing director email thomas murphy direct. Learning from the outsiders investment masters class. This turned buffett into murphy s muchneeded 900lb gorilla a loyal shareholder that would hold onto shares regardless of price, as murphy figured out how to turn the company around. May 03, 2015 buffett mentioned it in his 2012 letter, singling out the chapter on tom murphy, a berkshire board member who at one time ran capital citiesabc. Scott kupors new book secrets of sand hill road is a bottomtotop explanation of venture capital and other aspects of growing a business intended for founders, board members, employees, investors, venture capitalists and people who are curious about this. May 09, 2016 this book looks at a group of ceos that performed extraordinarily well over long periods of time. The book focusses on eight unconventional ceos whose companys share prices massively outperformed the market. It has an insightful chapter on our director, tom murphy, overall the best. When tom murphy bought a business he used debt or cash generated by the business rather that diluting equity by issuing stock.
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