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Les Schwab Tire Centers

6 statements across 2 episodes · 1 bullish · 0 bearish · 1 people on the record · first statement Apr 16, 2024 by David Senra · said 35 times in 1 episodes since 2024 · across every show →

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brought up most by David Senra (35)

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2024 35 mentions in 1 episode

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Everything said about Les Schwab Tire Centers, oldest first

Apr 16, 2024
Assertion Supported
Les Schwab never hired an outside manager across 34 years of business
“In our 34 years of business, we have never hired a manager from the outside. Every single one of our more than 250 managers and assistant managers started at the bottom changing tires. They have all earned their management job by working up.”
David Senra Apr 16, 2024 ▶ 1:47:12 Charlie Munger (the NEW Poor Charlie's Almanack)
Apr 17, 2024
Assertion Supported
Les Schwab grew from $180M in 1985 to $1.8B in 2018
“1985, they're doing a hundred and eighty million. In 2018, they did 1.8 billion dollars.”
David Senra Apr 17, 2024 ▶ 52:56 Les Schwab (Charlie Munger recommended this book)
Apr 17, 2024 neutral
Assertion Not yet assessed · timeframe Apr 2029
Les Schwab retail stores operated as separate entities with localized profit-sharing
“Each store operates as a separate entity and each store operates as a separate business. The store employees share only in the profits of the store they work in.”
David Senra Apr 17, 2024 ▶ 24:54 Les Schwab (Charlie Munger recommended this book)
Apr 17, 2024
Assertion Not checkable as stated
Les Schwab retail store managers were paid more than corporate headquarters staff
“Our store managers make more than our office people.”
David Senra Apr 17, 2024 ▶ 54:35 Les Schwab (Charlie Munger recommended this book)
Apr 17, 2024 positive
Assertion Not checkable as stated
All 250+ Les Schwab managers were promoted from entry-level tire changers
“In our 34 years of business, we have never hired a manager from the outside, nor have we ever hired an assistant manager directly to do that job. Every single one of our more than 250 managers and assistant managers started at the bottom changing tires.”
David Senra Apr 17, 2024 ▶ 36:47 Les Schwab (Charlie Munger recommended this book)
Apr 17, 2024 neutral
Assertion Supported
Les Schwab and his top three executives all suffered heart attacks
“I think their three top executives all had a heart attack, including him.”
David Senra Apr 17, 2024 ▶ 21:32 Les Schwab (Charlie Munger recommended this book)
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