The Risktory Podcast

When you think of the major corporate collapses of the early 2000s. The collapses that devastated thousands. The collapses that changed corporate America forever. The collapses that resulted in Sarbanes-Oxley.

When you think of those collapses, you think WorldCom, Enron… and Tyco.

Coming up on this week’s episode of the Risktory Podcast, I look at what was – in my opinion – the most fascinating and complex of all the collapses of the early 2000s in Tyco.

The Risktory Podcast is created, written, produced and hosted by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Alan Spiljak – Clouds
Alan Spiljak – Forgotten
Alan Spiljak – Light blue
Alan Spiljak – Empty days
Alan Spiljak – Stars above
Alan Spiljak – Not the end
Alan Spiljak – Sun
Alan Spiljak – Flying away
Alan Spiljak – Time
Alan Spiljak – Fantasy in my mind

Bibliography
https://en.wikipedia.org/wiki/Tyco_International
https://bankruptcy.uslegal.com/profilesfamousbankruptcies/tyco-international-ltd/
https://money.howstuffworks.com/cooking-books10.htm
http://panmore.com/tyco-corporate-scandal-2002-case-analysis
https://hbr.org/2003/12/how-were-fixing-up-tyco
https://ethicsunwrapped.utexas.edu/case-study/dennis-kozlowski-living-large
https://www.forbes.com/sites/realspin/2013/12/09/former-tyco-ceo-dennis-kozlowski-was-one-of-the-great-all-time-value-creators/#7ca8db2e2fca
https://hbr.org/2014/01/dennis-kozlowski-was-not-a-thief

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* Disclosure: These links are Amazon.com affiliate links. If you use them to make a purchase, the Risktory Podcast will earn a commission. Keep in mind that we link these companies and their products because of their quality and relevance to this week’s episode, and not because of the commission we receive from your purchases. The decision is yours, and whether or not you decide to buy something is completely up to you. Thank you for your ongoing support of the Risktory Podcast.

Monday May 25 is Memorial Day here in the US, a federal holiday honoring and mourning those Americans who have passed in the course of duty. To commemorate this most important day, I figured I would cover one of the greatest US Generals of all time, and a genius risk master: General Norman Schwarzkopf.

He was commonly referred to as Stormin Norman, a reference to what is described as a legendary temper. But while he could be what many called difficult – I’m guessing you don’t get to be a US General by being polite and softly spoken – a look at Schwarzkopf’s life reveals a man with a deep intellectual curiosity for the world around him, a man who took great heed of the lessons of the past, and a man who understood the unknown, the risk, and tackled it head on

On today’s episode, I look at a master of the risk craft. And a man who, on Memorial Day, deserves all the accolades the US can muster.

The Risktory Podcast is created, written, produced and hosted by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Alan Spiljak – Clouds
Alan Spiljak – Forgotten
Alan Spiljak – Light blue
Alan Spiljak – Empty days
Alan Spiljak – Stars above
Alan Spiljak – Not the end
Alan Spiljak – Sun
Alan Spiljak – Flying away
Alan Spiljak – Time
Alan Spiljak – Fantasy in my mind

Related Episodes
https://www.spreaker.com/user/jacintheagalpin/battle-of-cannae

Bibliography
https://www.latimes.com/world/middleeast/la-me-norman-schwarzkopf-20121228-story.html
https://taskandpurpose.com/history/5-badass-schwarzkopf-quotes-in-honor-of-the-25th-gulf-war-anniversary
https://www.defensemedianetwork.com/stories/gen-h-norman-scharzkopf-1934-2012/
https://en.wikipedia.org/wiki/Norman_Schwarzkopf_Jr.
https://www.biography.com/military-figure/norman-schwarzkopf
McNeese, Tim (2003) H. Norman Schwarzkopf

Equipment I use
*RODE NT USB Bundle Pack (mic, tripod and boom arm included) - https://amzn.to/37OZI6T
*Adobe Audition - https://amzn.to/2OjXchn

* Disclosure: These links are Amazon.com affiliate links. If you use them to make a purchase, the Risktory Podcast will earn a commission. Keep in mind that we link these companies and their products because of their quality and relevance to this week’s episode, and not because of the commission we receive from your purchases. The decision is yours, and whether or not you decide to buy something is completely up to you. Thank you for your ongoing support of the Risktory Podcast.

On this week’s episode, a story of how chasing opportunity is often the best response to threat.

The idea of using opportunity to fend off threat isn’t new, but in the risk management world, particularly in the last 10 to 15 years, the general response to threat is to bunker down and defend. To retreat into your shell, weather out the storm, and then resume business as usual.

The reality it, KFC wouldn’t exist if Harland Sanders, aka Colonel Sanders, had retreated. KFC exists because Sanders – in the face of existential threat– came out swinging with opportunity as his ride or die partner.

The KFC Origin Story is a story of inspiring resilience, eternal optimism and, to quote the great philosopher, Billy Ocean, when the going gets tough, the tough get going.

The Risktory Podcast is created, written, produced and hosted by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Alan Spiljak – Clouds
Alan Spiljak – Forgotten
Alan Spiljak – Light blue
Alan Spiljak – Empty days
Alan Spiljak – Stars above
Alan Spiljak – Not the end
Alan Spiljak – Sun
Alan Spiljak – Flying away
Alan Spiljak – Time
Alan Spiljak – Fantasy in my mind

Related Episodes
https://www.spreaker.com/user/jacintheagalpin/20-02-24-how-they-did-it-airbnb
https://www.spreaker.com/user/jacintheagalpin/20-03-02-masters-of-the-risk-universe-ma
https://www.spreaker.com/user/jacintheagalpin/20-04-27-masterrs-of-the-risk-universe-c
https://www.spreaker.com/user/jacintheagalpin/20-01-13-master-of-the-risk-universe-mad

Bibliography
https://www.timetoast.com/timelines/kfc
https://www.snagajob.com/blog/post/the-inspiring-life-story-of-kfcs-colonel-sanders
https://en.wikipedia.org/wiki/KFC https://www.biography.com/business-figure/colonel-harland-sanders
https://www.businessinsider.com/how-kfc-founder-colonel-sanders-achieved-success-in-his-60s-2015-6
https://www.theverge.com/2016/7/5/12096466/colonel-sanders-kfc-meme-life-story

Equipment I use
*RODE NT USB Bundle Pack (mic, tripod and boom arm included) - https://amzn.to/37OZI6T
*Adobe Audition - https://amzn.to/2OjXchn

* Disclosure: These links are Amazon.com affiliate links. If you use them to make a purchase, the Risktory Podcast will earn a commission. Keep in mind that we link these companies and their products because of their quality and relevance to this week’s episode, and not because of the commission we receive from your purchases. The decision is yours, and whether or not you decide to buy something is completely up to you. Thank you for your ongoing support of the Risktory Podcast.

On this week’s episode, something really different to what I normally do on the podcast. But an episode I think you will really enjoy.

This week, as US states grapple with whether to re-open their economies, or remain on lockdown as a response to COVID-19, I am going to use the Nash Equilibrium as a way of explaining what is happening, why it’s happening, and what may potentially happen in the future.

The Nash Equilibrium isn’t a silver bullet that will resolve the angst over COVID-19. But, in my opinion, it helps to explain why we are seeing what we are seeing. And, in turn, it helps to explain what can be done differently to smooth the bumpy road that will be cities, states and countries re-opening, and resuming the new normal.

The Risktory Podcast is created, written, produced and hosted by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Alan Spiljak – Clouds
Alan Spiljak – Forgotten
Alan Spiljak – Light blue
Alan Spiljak – Empty days
Alan Spiljak – Stars above
Alan Spiljak – Not the end
Alan Spiljak – Sun
Alan Spiljak – Flying away
Alan Spiljak – Time
Alan Spiljak – Fantasy in my mind

Bibliography
https://www.lexico.com/definition/nash_equilibrium
http://gametheory101.com/courses/game-theory-101/what-is-a-nash-equilibrium/
https://www.investopedia.com/terms/p/prisoners-dilemma.asp
https://medium.com/cantors-paradise/the-nash-equilibrium-explained-c9ad7e97633a

Equipment I use
*RODE NT USB Bundle Pack (mic, tripod and boom arm included) - https://amzn.to/37OZI6T
*Adobe Audition - https://amzn.to/2OjXchn

* Disclosure: These links are Amazon.com affiliate links. If you use them to make a purchase, the Risktory Podcast will earn a commission. Keep in mind that we link these companies and their products because of their quality and relevance to this week’s episode, and not because of the commission we receive from your purchases. The decision is yours, and whether or not you decide to buy something is completely up to you. Thank you for your ongoing support of the Risktory Podcast.

On this week’s episode, I look at the Toys R Us collapse. It seemed like, in 2018, Toys R Us, collapsed overnight. Its stores were shuttered. Parking lots emptied. The iconic Geoffrey the Giraffe… gone.

The reality is, Toys R Us had always been a troubled organization, ever since it opened its doors. It had never built bench strength. It had never built core resilience into its structures, it’s operating models, even its assets.

The final blow to Toys R Us might not have taken out another organization. But when you have an organization with decades of fractures and weaknesses woven throughout its fabric… the collapse of this iconic brand was all but inevitable.

The Risktory Podcast is created, written, produced and hosted by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Alan Spiljak – Clouds
Alan Spiljak – Forgotten
Alan Spiljak – Light blue
Alan Spiljak – Empty days
Alan Spiljak – Stars above
Alan Spiljak – Not the end
Alan Spiljak – Sun
Alan Spiljak – Flying away
Alan Spiljak – Time
Alan Spiljak – Fantasy in my mind

Bibliography
https://www.usatoday.com/story/money/business/2018/03/09/toys-r-us-timeline-history-nations-top-toy-chain/409230002/
https://money.cnn.com/2018/03/15/news/companies/toys-r-us-closing-blame/index.html
https://www.retaildive.com/news/inside-the-20-year-decline-of-toys-r-us/526364/
https://en.wikipedia.org/wiki/Toys_%22R%22_Us
https://www.youtube.com/watch?v=PJ0fBbutkgA

Equipment I use
*RODE NT USB Bundle Pack (mic, tripod and boom arm included) - https://amzn.to/37OZI6T
*Adobe Audition - https://amzn.to/2OjXchn

* Disclosure: These links are Amazon.com affiliate links. If you use them to make a purchase, the Risktory Podcast will earn a commission. Keep in mind that we link these companies and their products because of their quality and relevance to this week’s episode, and not because of the commission we receive from your purchases. The decision is yours, and whether or not you decide to buy something is completely up to you. Thank you for your ongoing support of the Risktory Podcast.

On this week’s episode, I am going to explore the life and times of a bonafide Master of the Risk Universe.

The 66th US Secretary of State. The 20th National Security Advisor. The 10th Provost of Stanford University. An individual who has faced pretty much every trial you can imagine – personally and professionally - and triumphed.

Condoleezza Rice. Condi is a person who has chosen paths in life that many others would not have chosen. Her life has been driven by an almost impervious moral compass and confidence in self that has propelled her to take on both threat and opportunity with seeming ease. She has withstood many an attack on her character, her sex, her race, her politics… and stands tall every time while her foes wither.

And when it comes to battle, Condi’s the kind of person you always want in your risk foxhole.

The Risktory Podcast is created, written, produced and hosted by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Alan Spiljak – Clouds
Alan Spiljak – Forgotten
Alan Spiljak – Light blue
Alan Spiljak – Empty days
Alan Spiljak – Stars above
Alan Spiljak – Not the end
Alan Spiljak – Sun
Alan Spiljak – Flying away
Alan Spiljak – Time
Alan Spiljak – Fantasy in my mind

Bibliography
https://www.womenshistory.org/education-resources/biographies/condoleezza-rice
https://history.state.gov/departmenthistory/people/rice-condoleezza
https://www.britannica.com/biography/Condoleezza-Rice

Equipment I use
*RODE NT USB Bundle Pack (mic, tripod and boom arm included) - https://amzn.to/37OZI6T
*Adobe Audition - https://amzn.to/2OjXchn

* Disclosure: These links are Amazon.com affiliate links. If you use them to make a purchase, the Risktory Podcast will earn a commission. Keep in mind that we link these companies and their products because of their quality and relevance to this week’s episode, and not because of the commission we receive from your purchases. The decision is yours, and whether or not you decide to buy something is completely up to you. Thank you for your ongoing support of the Risktory Podcast.

Coming up this week’s episode, I know you guys love a good hacking story. This week, I’m going to cover one of the best known – and one of the most controversial hacks of all time – the 2014 Sony Hack.

This is a story that has it all: state actors, poor cybersecurity practices, salacious information about the rich and famous. It’s also a story that, at its core, is a sage lesson in how we – as organizations – ought to act when preventing, detecting and reacting to those who wish to do us harm.

The Risktory Podcast is created, written, produced and hosted by Jacinthe A Galpin.

Related Episodes
https://www.spreaker.com/user/jacintheagalpin/ashley-madison-part-1
https://www.spreaker.com/user/jacintheagalpin/ashley-madison-part-2
https://www.spreaker.com/user/jacintheagalpin/equifax
https://www.spreaker.com/user/jacintheagalpin/target-data-breach-part-1
https://www.spreaker.com/user/jacintheagalpin/target-data-breach-part-2
https://www.spreaker.com/user/jacintheagalpin/crash-override

Soundtrack (sourced from www.freemusicarchive.org)
Alan Spiljak – Clouds
Alan Spiljak – Forgotten
Alan Spiljak – Light blue
Alan Spiljak – Empty days
Alan Spiljak – Stars above
Alan Spiljak – Not the end
Alan Spiljak – Sun
Alan Spiljak – Flying away
Alan Spiljak – Time
Alan Spiljak – Fantasy in my mind

Bibliography
https://deadline.com/2014/12/sony-hack-timeline-any-pascal-the-interview-north-korea-1201325501/
https://www.reuters.com/article/us-sony-cybersecurity-mandiant/sony-hires-mandiant-after-cyber-attack-fbi-starts-probe-idUSKCN0JE0YA20141201
https://www.businessinsider.com/how-the-hackers-broke-into-sony-2014-12

Equipment I use
*RODE NT USB Bundle Pack (mic, tripod and boom arm included) - https://amzn.to/37OZI6T
*Adobe Audition - https://amzn.to/2OjXchn

* Disclosure: These links are Amazon.com affiliate links. If you use them to make a purchase, the Risktory Podcast will earn a commission. Keep in mind that we link these companies and their products because of their quality and relevance to this week’s episode, and not because of the commission we receive from your purchases. The decision is yours, and whether or not you decide to buy something is completely up to you. Thank you for your ongoing support of the Risktory Podcast.

I thought, given that the risk and crisis management space is full of gloom and doom people telling you how the world is going to end tomorrow, but that they can save you if you attend their webinar or pay to attend their online conference or hire them as a consultant.

I figured that – this week – in contrast - Risktory would focus on seven stories of those who beat the odds to win. An episode focused on the resilience of the human spirit. An episode honoring those who have taken on threat, been told no, been laughed at, mocked, and, yet, still prevailed.

No-one – NO-ONE – has ever won a war through pessimism. We won’t beat COVID-19 through sadness and watching the counter tick over on CNN. We will beat COVID-19 through resilience and courage prevailing over fear. We will beat COVID-19 when we understand that risk is ubiquitous but that we’ve always had the tools – and history proves this time and time again - to overcome the danger of the unknown.

This week’s episode should make you smile. Forget the minutiae of a COVID-19 quarantine. And inspire you to take on everything that comes at you. Because that’s what risk management and crisis management is all about.

The Risktory Podcast is created, written, produced and hosted by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Alan Spiljak – Clouds
Alan Spiljak – Forgotten
Alan Spiljak – Light blue
Alan Spiljak – Empty days
Alan Spiljak – Stars above
Alan Spiljak – Not the end
Alan Spiljak – Sun
Alan Spiljak – Flying away
Alan Spiljak – Time
Alan Spiljak – Fantasy in my mind

Bibliography
https://www.thethings.com/15-amazing-people-who-beat-all-the-odds-against-them/
https://qz.com/536610/people-who-succeed-against-the-odds-all-have-one-thing-in-common/

Equipment I use
*RODE NT USB Bundle Pack (mic, tripod and boom arm included) - https://amzn.to/37OZI6T
*Adobe Audition - https://amzn.to/2OjXchn

* Disclosure: These links are Amazon.com affiliate links. If you use them to make a purchase, the Risktory Podcast will earn a commission. Keep in mind that we link these companies and their products because of their quality and relevance to this week’s episode, and not because of the commission we receive from your purchases. The decision is yours, and whether or not you decide to buy something is completely up to you. Thank you for your ongoing support of the Risktory Podcast.

Coming up this week, a much requested episode on how organizations – from a crisis management perspective – should be responding to COVID-19. The one in a 100 year crisis that will be THE event of our lifetimes.

Now many of you know I lead a Command Center for a Fortune 50 retailer, and that I am heavily involved in the frontlines of my organization’s COVID-19 response. This episode is not, in any way shape or form about the work I’m doing leading that Command Center. I always keep my day job and Risktory separate on principle.

This is an episode, however, based on my over twenty years experience working in crisis management, about the five simple and easily implementable principles and practices all organizations – small, medium or large, industry agnostic – what they should be thinking about during this time. The universal principles and practices that will make a difference for your organization, your employees, your customers and your communities.

So, not the usual Risktory fare, but I think – during these unprecedented times – it seems the right time to release an episode like this.

I hope it helps those of you navigating COVID-19. One thing I will say to all those worried and/or concerned about the future. This will pass. The world will restore to a new normal. And we will be ok.

The Risktory Podcast is created, written, produced and hosted by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Alan Spiljak – Clouds
Alan Spiljak – Forgotten
Alan Spiljak – Light blue
Alan Spiljak – Empty days
Alan Spiljak – Stars above
Alan Spiljak – Not the end
Alan Spiljak – Sun
Alan Spiljak – Flying away
Alan Spiljak – Time
Alan Spiljak – Fantasy in my mind

Equipment I use
*RODE NT USB Bundle Pack (mic, tripod and boom arm included) - https://amzn.to/37OZI6T
*Adobe Audition - https://amzn.to/2OjXchn

* Disclosure: These links are Amazon.com affiliate links. If you use them to make a purchase, the Risktory Podcast will earn a commission. Keep in mind that we link these companies and their products because of their quality and relevance to this week’s episode, and not because of the commission we receive from your purchases. The decision is yours, and whether or not you decide to buy something is completely up to you. Thank you for your ongoing support of the Risktory Podcast.

Coming up on this week’s episode, the inspirational tale of how the genius, Alan Mulally, was able to, in the words of journalist Bryce G Hoffman ‘save Ford from itself’.

Alan Mulally walked into a company that was bleeding money and losing market share and transformed everything, building into Ford a core strength and resilience that would see it return as a powerhouse of car manufacturing.

This is a great story of opportunity chasing. Meeting risk head on. And making hard, but inspiring decisions. All in the name of saving an American icon from destruction.

Before I begin, thank you to all of my listeners for being so understanding as to why I couldn’t release an episode last week. Many of you know, I lead a Command Center for a Fortune 50 Retailer and – well – COVID-19. Quite possibly the biggest event of our lifetime and I’m working a minimum of 12 hours a day, seven days a week, serving my fellow employees and our customers.

I’m doing my best to balance my family, my day job and the podcast and I’m hopeful that – going forward – there will be no further interruptions to my podcasting schedule. Thank you for your patience.

The Risktory Podcast is created, written, produced and hosted by Jacinthe A Galpin.

Soundtrack (sourced from www.freemusicarchive.org)
Alan Spiljak – Clouds
Alan Spiljak – Forgotten
Alan Spiljak – Light blue
Alan Spiljak – Empty days
Alan Spiljak – Stars above
Alan Spiljak – Not the end
Alan Spiljak – Sun
Alan Spiljak – Flying away
Alan Spiljak – Time
Alan Spiljak – Fantasy in my mind

Bibliography
https://www.fastcompany.com/1680075/saving-an-iconic-brand-five-ways-alan-mulally-changed-ford-s-culture
https://www.kornferry.com/insights/articles/alan-mulally-man-who-saved-ford
https://www.forbes.com/sites/sarahcaldicott/2014/06/25/why-fords-alan-mulally-is-an-innovation-ceo-for-the-record-books/#147b093d7c04
https://www.bbc.com/news/business-28087325

Equipment I use
*RODE NT USB Bundle Pack (mic, tripod and boom arm included) - https://amzn.to/37OZI6T
*Adobe Audition - https://amzn.to/2OjXchn

* Disclosure: These links are Amazon.com affiliate links. If you use them to make a purchase, the Risktory Podcast will earn a commission. Keep in mind that we link these companies and their products because of their quality and relevance to this week’s episode, and not because of the commission we receive from your purchases. The decision is yours, and whether or not you decide to buy something is completely up to you. Thank you for your ongoing support of the Risktory Podcast.