Stephen Pagliuca, Leadership in Business and Basketball
Paul Farmer CBE, CEO of Mind
Jeff Maggioncalda, CEO of Coursera
Adm. Timothy J. Keating, USN (Ret.) and Brig. Gen. Robert S. Spalding III, USAF (Ret.)
An Update on Therapies and VaccinesBain Capital co-chairman and Boston Celtics co-owner Stephen Pagliuca discusses the evolution of the private equity business in a changing economy and his strategy managing one of the most successful basketball franchises in NBA history.
On the changing economy: “Technology has changed and transformed just about every industry. We're undergoing that on a global basis.… Technology has empowered everyone in the world and probably lifted two billion people out of poverty. The problem is, it’s left people behind in the Western countries…. I think we're probably still only in the third inning of technology’s impact.”
On running a winning sport franchise: “We communicated our strategy to the fans: ‘We're going to take a five-year approach. We're not going to short-term it.... We're going for the long-term championship haul.’ And our fans bought in.”