Ben Edwards Radio Interview
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Remember when management was always honest, integrity was never questioned, the customer always came first, the broker second, and stockholders third, the back office was wonderful, and the business plan was the Golden Rule… If so, you’ll enjoy this recent KMOX radio interview with Ben.
http://podcast.kmox.com/kmox/1614381.mp3QUESTION: who was running the show when this Magical Camelot was sold to the public? When you take the money, don’t you give up the control you had when you were private?? He may be right, but didn’t the Edwards family have to approve changing from partnership to a corporation?
Good question Cowboy93. The protagonist to the tragedy was Bob Bagby. He took over following Bens retirement.
I beleive he was asking when the company went public. I believe it was in 71 while Pressely Edwards was in charge. A.G. Edwards was not 100% owned by the Edwards family prior to going public, but I don't know what percentage they owned. The company went public for the same reason many others do, to get the capital to continue their growth.Good question Cowboy93. The protagonist to the tragedy was Bob Bagby. He took over following Bens retirement.
Yeah, I’ve heard that part…but I’m saying if the partners sell out to the IPO, haven’t you signed away right to control who is in charge?
Obviously yes, but even publicly traded companies can be run in a ethical way. It is in the long term best interest of the shareholders.Yeah, I’ve heard that part…but I’m saying if the partners sell out to the IPO, haven’t you signed away right to control who is in charge?
[quote=sisu]Remember when management was always honest, integrity was never questioned, the customer always came first, the broker second, and stockholders third, the back office was wonderful, and the business plan was the Golden Rule… If so, you’ll enjoy this recent KMOX radio interview with Ben.
http://podcast.kmox.com/kmox/1614381.mp3[/quote] I listened to every word. How I miss this man and how I miss this 9,9 in our business and our country. You are wonderful to post it .
Tad Edwards is close to getting his license to open the new firm. Lot's of Legacy AGE back office folks in STL are rooting for him. Many legacy AGE brokers are shopping for a new home. If you care to hear what Tad has to offer, or just want to wish him luck, the phone number is 314-726-1600.
The KMOX radio interview with Ben is about 30 minutes and worth every minute.
http://podcast.kmox.com/kmox/1614381.mp3www.benjaminfedwards.com looks like a lot of former AG Edwards people…not a lot of info though
[quote=albert]
I listened to every word. How I miss this man and how I miss this 9,9 in our business and our country. You are wonderful to post it . Redpen. 9,9 That was some kind of experience was it not. I will never forget-- although I did not enjoy it at the time I reflect on it often. It was a good exercise. Ben was the ultimate 9,9. DL and the gang will never get it. [/quote]I was with AGE for more than 5 years, but I don't get the 9.9 reference. Can you clue me in?
A 9,9 is a leaderhip style. One who cares equally about the success of the business and the people who work for you running the business. A 1,1 cares about neither. A 1,9 has no concern about the business but lots about people. A 9,1 is all about the business and to heck with the employees. A 5,5 would be pretty indifferent to it all. Get it? Most WS support people in St L strike me as 1,1. Most mgmt as 9,1.
In our business client concern and employee concern are the same from mgmt. This was some training we went through back in the day.That’s absurd - 99% of your support people in St. Louis are legacy AGE people. With that being teh case, your claims either don’t hold up, or they were 9,9’s with zero integrity.
qb…most of the back office that made age great are gone…the top people went to SF eddy Jones or jumped over to Tad’s operation which is expected to do business in the next 2 weeks…entire depts have been downloaded to Mumbai…what you are getting now is a bare remnant from the legendary age days.
[quote=albert]
I listened to every word. How I miss this man and how I miss this 9,9 in our business and our country. You are wonderful to post it . Redpen. 9,9 That was some kind of experience was it not. I will never forget-- although I did not enjoy it at the time I reflect on it often. It was a good exercise. Ben was the ultimate 9,9. DL and the gang will never get it. [/quote] Same here, I did not enjoy "boot camp" either but came out of it smarter. I saw 12 angry men a few months back . Almost pulled out the books to refresh the roles in my head.Ben sounded great in the radio interview from a few weeks ago, but has taken a severe turn for the worse. The family called in hospice and they say he’s in a lot of pain and won’t have much longer. Tad and his family flew to Naples yesterday. Everyone should offer a prayer for this great man, that he eases out of this life with as little pain and discomfort as possible.
I am writing a story for the RR website about Edwards passing for today 4/20/2009. If anyone has any memories or stories or thoughts about Ben, please share. Thanks.