Brett Larson
speaker
455 appearances
2 recordings
1 series
first heard Dec 2024
last heard Feb 2025
Brett Larson’s voice in public audio — every appearance, attributed to the second.
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And you look historically at Cognex's multiple, and it's basically trended up when sales are growing and down when sales are declining.
It's kind of really interesting.
I don't know exactly why that is, but that's the reality.
It's funny, I was thinking about all the episodes I've listened to of business breakdowns, and I feel like it's gotta be the number one answer is culture.
I'd be curious if that's accurate, but I think it's clearly culture for Cognex too.
And I think what's interesting about it, more than just having a unique culture, is how they've maintained it through the founder departing.
So specifically like I mentioned, the ministers of culture that they have the job of maintaining it.
Secondarily, just that long overlap of of the founding CEO with the new CEO as the new CEO took over the reins and just ensuring that it lasted through the transition.
I think those were unique and I hadn't really seen that before
It was a lot of fun.
Thanks for having me back on.
Business Breakdowns · 2024 Anecdotes to Remember - [Business Breakdowns, EP.198] · 27 Dec 2024
podcast
I think it's important to say that that wasn't always the case for train, actually to be the share gainer.
So if you backtrack to when train was acquired by Ingersoll Rand.
maybe due to lack of cash available prior to being acquired or focus when they're being acquired, they weren't ready for one of those regulatory transitions on the Resi side.
So they had to scramble to get ready.
They ultimately did have the product, but then they missed a loophole that essentially let the old generation product sell for a bit and they lost a lot of share.
So what happened was Mike Lamac joined and he previously in his career, he ran a business that was a supplier to Toyota and he really was evangelized with the Toyota production system.
He joined Ingersell Rand in 2004 and ultimately was CEO in 2010.
He really worked to instill not TPS itself, but their version of it within train.
The first three years or so was focused on getting the data, value stream mapping, just the blocking and tackling of quality and on-time delivery and the like.
Showing 421–440 of 455 · page 22 of 23
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