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Richard Branson and the "It" Factor

posted by Jeff Yastine, Senior Correspondent at 6:42 PM on 11/19/09

Jeff YastineAfter meeting billionaire Richard Branson in the flesh for the first time on Thursday, a line of dialogue from the 1962 movie "Gypsy" comes to mind: "In this business, you either have it -- or you've had it."

The "it" is...charisma? Charm? Star Quality? In the best sense of the phrase, perhaps it's a "cult of personality" -- that ability of one individual to rally a group of people, all with their own opinions and personalities, and glue them together in a way that allows the achievement of seemingly impossible business goals.

Branson's name is usually mentioned in the same breath as another word: entrepreneur.

It's no accident that some of the biggest business 'personalities' I've met in my time with NBR have been classic entrepreneurs. Some are not well known. Few people outside the homebuilding industry know the name of Itchko Ezratti. He's the founder and CEO of GL Homes -- a company he grew into one of the larger privately-held homebuilders in the US. His bankers probably need lead-lined suits to shield themselves from Ezratti's contagious radiation of confidence and optimism.

I had the pleasure to interview Frank Perdue once, years ago. He walked into NBR's headquarters without any kind of retinue. He didn't need PR handlers. He spoke simply, yet powerfully. His voice was raspy, yet there was an earnest power behind it. It was easy to see how convincing he could be if you were a supermarket wholesale buyer and your chain had not yet gotten behind the Perdue brand.

And I'll never forget Ted Turner. I never actually interviewed him, but he spoke at a conference in Boca Raton in the 1990s, not long after selling his media empire to Time Warner. A bunch of us reporters tried to get him to slow down for a quick soundbite, to no avail. All I can say is, Ted Turner walking down the hallway of the Boca Raton Resort & Hotel is the same Ted Turner you see now -- rude, even obnoxious, and yet, powerfully charming too.

Compared to Ted Turner, Richard Branson is a much easier interview. They're at opposite ends of the personality spectrum, yet both have been equally successful in starting businesses and motivating their executives and employees to success.

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FOR ME IN 52 WALTERS RD OTAHUHU AUCKLAND TODAY AT 3.00PM IN AUCKLAND NIGELIRWIN@YAHOO.COM 22/03/1991 TODAY IN 52 WALTERS RD OTAHUHU AUCKLAND TODAY AT 3.00PM IN AUCKLAND

Jeff, also very sorry you were not the one chosen to fill Paul's shoes. First Rukeyser then Kangas have disappeared. What were they thinking at PBS? NBR is not as compelling as it was. Susie is great, but I suspect the show will fall dramatically in its ratings with the new format and without Paul. It was an obvious "no brainer" to make both changes at once. Very sad. I don't think the old NBR audience will be buying it. Would have been far smarter to phase in the changes and not turn off the audience.

Mr. Yastine:

It is a rotten shame that you were not named to replace Mr. Kangas. The new format is a clone of CNBC. Who wants that after a whole day of listening to CNBC. I'm an urbanite but your approach to business news during the dinner hour was welcome. Mr. Hudson is a nice man but he things quick is good just as the graphics person now thinks quick is good. This in NBR--not "Fast Money." The best of luck to you going forward. And thanking for always treating Mr. Kangas with respect. Others on staff should have taken your lead.

CARBON MONOXIDE IS BAD NOT CARDON DIOXIDE , SOME PEOPLE NEED TO GET THIS STRIGHT, GET HYBRID CARS CHEAPER SO THE POOR CAN BUY THEM AND THEY WILL NOT BE CRUISING AROUND IN GAS GUZZELER COZ THAT IS ALL THEY CAN AFFORD THEN WE CAN ALL BE MORE GREEN!!!

I enjoyed the interview with Richard Branson, and yes, he has the 'it' factor. Yet what I found most intriguing was the man's discussion of his mission to reduce greenhouse gas emissions and improve the environmental performance of air travel during an interview that appeared to be on a private jet!! If he was truly concerned, he might set a better example by walking the talk and reducing his own carbon footprint. Though I guess it's analogous to us 'mere mortals' who continue driving everywhere in our private automobiles while expressing our own concerns for the environment.

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