Jim Weber
Former CEO, Brooks Running. On 1 show, 1 appearance. The Shows tab opens the full record on each.
executiveauthorLinkedIn ↗jimweber.org ↗
Weber served as CEO of Brooks Running from 2001 to 2024, orchestrating a dramatic turnaround that refocused the company on performance running and built it into a billion-dollar standalone subsidiary under Berkshire Hathaway. He is the author of the 2022 memoir and leadership book Running with Purpose.
1shows
1appearances
34statements
10resolved
8supported
0contradicted
80%fully supported
19said about them ↓ Everything Jim Weber said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Weber: Real Footwear Revenue Is in Daily Trainers, Not Racing Shoes
“I think we were the first one to identify that the real business was in trainers. It wasn't in racing shoes. It wasn't in spikes. It wasn't in marathon racing shoes. The business is in the trainers.”
Weber: Track Officials Ejected Brooks Execs From 2012 Olympic Trials
“They kicked me out, our head of marketing, and our head of sports marketing.”
Weber: Footwear's Multi-Sport Sprawl Began With Factory Utilization Pressures
“And what no one understood that I found out later is that the mindset in our industry literally came from owning a factory. When you had a shoe factory, you had to keep it busy all year long and keep the people employed. So you went from baseball cleats to wre…”
Brooks CEO: Running business is everyday wellness, not elite competition
“The sport is the soul of running, right? Track and field, cross country, road racing, the Olympics, now trail and ultra, but the business is people that are investing in themselves, fitness and health and wellness.”
Weber: Bringing one shoe style to market costs $500K to $1M
“Takes a half a million to a million bucks to bring one style to market.”
Weber: Brooks turned its supply chain back on 6-12 weeks before competitors
“We turned our supply chain on at least six to 12 weeks before anybody else did.”
Weber: Buffett Blocked Running App Acquisitions Due to Lack of EBITDA
“So I wanted to buy every one of those and Warren wanted me to do the multiple on EBITDA and there was no EBITDA. So let's just say it's hard to do acquisitions.”
Weber: Brooks reached number one US running shoe position with 21.5% share
“We became the number one running shoe brand in the United States in the last 12 months, last month. 21 and a half percent share in performance running.”
Jim Weber: Industry Thought Brooks Would Fail by Focusing Solely on Running
“And so, but when we made the decision to burn the boats on everything, but performance running, the industry had never seen that before. And most people thought we were crazy that we wouldn't survive.”
Weber: Companies with Issues Get Sold, While Opportunities Attract Investors
“The pitch I made to our team, and it's what I believed, is that companies with issues get sold. Companies with the opportunity attract investors.”
Weber: Brooks Running Has Not Needed Outside Capital Since 2001
“We haven't needed a dollar of capital since 2001.”
Weber: Brooks Averaged Over 50% Return on Tangible Net Assets
“Our return on tangible net assets has been over Over 50% for the last 15 years.”
Brooks CEO: Ghost and Adrenaline are top two US performance running shoes
“We have two of the best selling shoes now in the United States, the Ghost and the Adrenaline. They're the two top shoes in the performance running category.”
Weber: College Runners Often Race in Major Brands, But Train in Brooks
“A lot of the college athletes that race in the big brands, Train in Brooks. Every day.”
Weber: Beginner Runners Need Premium Footwear More Than Elite Athletes
“But what's interesting at our sport, the person that really needs the best footwear and the best Run bra and all of that are the people that are just beginning. Because the injury potential for those people is really high.”
Weber: Brooks generated $10M in cash during his first nine months
“And we generated ten million of cash that first nine months. That's how much we shrunk the balance sheet with focus.”
Weber: Footwear Manufacturing Complexity Resembles Cars More Than Apparel
“It's not the car business, but it's more like the car business than the t-shirt business. There's every, there's tooling on everything. 12 sizes men's, 12 sizes women's, widths, colors. It's scaling these things in the fact there's a lot of tooling.”
Weber: Brooks Running tripled its business between 2009 and 2014
“Oh, eight, oh, nine, just as that was going on, you know, obviously great recession. We tripled the business. From 2009 to 20 14.”
Weber: Nike signed a 27-year marketing agreement with USATF
“Nike, ah, signs a 27 year marketing agreement with the governing body of our sport, USA Track and Field.”
Weber: Brooks digital sales rose to 80%, driving record May 2020 revenue
“Digital went from 30% of all of our products going through a website of somebody's, ours or another partner's, it went to 80% by the end of April, and in May, we sold more in May 2020, almost all through digital than we did in May 19.”
Weber: Brooks targets 60M unique customers and $4B revenue in 10 years
“So we see an opportunity for sixty million customers, Sixty million uniques up from maybe fifteen million today, four bagger, and four billion in revenue.”
Weber: 45% of Brooks factories shut for 3 months during 2021 Vietnam lockdowns
“45% of my factories didn't make a shoe for three months. So I, we grew 20, ah, 30, 31% last year. We are up 43% coming into that, that, that, you know, product issue”
The other half of the tape: Jim Weber's own voice is left out of every number here. Other people bring the name up 16 times in 6 episodes across the shows. 3 statements on the record name them. every mention, with the transcript →
Who brings them up most Ben Gilbert 12David Rosenthal 4
Statements about Jim Weber, by other people (3)
Gilbert: Warren Buffett Made Brooks a Direct Berkshire Hathaway Report
“So, along the way, Brooks was acquired by Berkshire Hathaway, and Warren Buffett personally elevated Brooks and Jim to make the company a direct report to him.”
Gilbert: Brooks Faced $30M Debt and Near-Payroll Failure in 2002
“So when the CEO, Jim Weber, took the helm in 2002, the company was losing five million dollars a year, it was thirty million dollars in debt, it was a week away from missing payroll, and the board was like having weekly meetings to figure out how to make Payro…”
Every mention by year
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Acquired 16
2022 16 mentions in 6 episodes 3 per episode
- Platforms and Power (with Hamilton Helmer and Chenyi Shi) · Acquired
- Arena Show Part I: Idea Dinner + YC Continuity · Acquired
- The Playbook: Lessons from 200+ Company Stories · Acquired
- Nvidia: The Machine Learning Company (2006-2022) · Acquired
- Enron · Acquired
- Walmart · Acquired
- every mention in 2022, scene by scene →
One line per show, most statements first. The link opens Jim's full record on that show: the calibration, argument clarity, speaking style and every statement made there.
| Show | Role there | Eps | Statements | Record | |
|---|---|---|---|---|---|
| ACQUIREDLEDGER | Former CEO, Brooks Running | 1 | 34 | 80% 8/10 | full record on Acquired → |