The Ledger
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Billy Hult: Corporate leaders must possess an ego to succeed
“You have to, I mean, I have an ego. You have to have an ego.”
Tradeweb CEO Billy Hult admits only 50% of his people bets succeed
“I was gonna say 50. You know, and I, and I'm like, man, like if I'm filling out like a survey or a form and I'm listing my strengths, I'd like, oh, like the way I think about things, the way I get to know people like that, the kind of antenna thing that we wer…”
Billy Hult: CEOs must take full ownership of high-stakes decisions
“If I feel like it's a decision that ultimately there's a tremendous amount at stake around and there's going to be a fall guy on the decision. If it doesn't wind up working out, I will make sure to make an obvious point that it's mine. Because I don't think yo…”
Billy Hult: New CEOs must quickly set boundaries to protect time
“Create boundaries quickly. So, so, so don't always entertain sort of every new relationship, which can be a concept of like a banking relationship. It can be an external relationship with a client, like, Preserve your time at a, in a very, very structured way.…”
Hult: B2B infrastructure can flourish without demanding the biggest brand presence
“And so we've been pretty smart around understanding, like there's a totem pole. There's always been a totem pole. Understand where you sort of like live in that totem pole, and we don't always have to be the sort of like biggest ego in the room. We don't alway…”
Billy Hult: CEOs who disconnect from execution breed organizational passivity
“I try to get my kind of sleeves rolled up and my hands around execution, because I do think that's where companies kind of ultimately make their bones around like, how good are you at really ultimately executing on a game plan? And if you get yourself like too…”
Billy Hult insisted on co-branding Tradeweb's leadership as a two-person partnership
“This can't be Coldplay where, like, you know, everyone knows, like, Chris Martin and, like, no one else. Like, this has to be, you know, a band where it, you know, at least there's two of us.”
Hult: Tradeweb built its business through organic growth, not M&A
“So my company TradeWeb has, you know, largely gotten to where we are today through a lot of like really good sort of, you know, organic investments and organic growth. Right. So we are not some company that's arrived here through lots of like M&A.”
Hult: Tradeweb is the electronic interface connecting Citadel and Goldman
“Like we're the, you know, we're the electronic interface that connects like Citadel and Goldman.”
Billy Hult ranks power above money, with fame a distant third
“Fame, distant third. It would be really easy to say like, you know, like money first, power second, but I think I think power is like pretty interesting.”
Billy Hult was inside the World Trade Center on 9/11
“My company was on the 51st floor of the North Tower. I was in the building on nine 11 that day.”
Billy Hult: Public CEOs spend excessive time on governance and regulation
“You wind up spending a lot of your time on corporate governance, regulation, things that you feel like are occupying more of your time than you wish they could.”
Billy Hult experiences nerves in board meetings outside his comfort zone
“If I was doing like CNBC, I wouldn't feel nervous. If I'm doing an earnings call, I won't feel nervous. You know, maybe that's like everything's going well. That helps. But sometimes when I'm doing a part of, and I'll wind up having a bunch of board members pr…”