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30th Anniversary Im thinking Ive got to remember this. What do you think? And Id say, I dont know, and hed say, You better think about it.. Leslie Wexner: Ten or 11 years old. How did you know that? So if I know a lot about a little, maybe I could find my way. So that idea of being a specialist businesses that are focused on young women and clothing and what they wear, and really knowing that customer and being very focused. A select group of Corps members can return for a second year to join the Senior Leadership Cohort (SLC). In the 1990s, the chain was among the first to make use of sophisticated data analysis to determine which products sold best in given locations, increasing their sales by 30 percent. Being an ally to ensure equity among all genders in the Jewish community requires action and strength. The Wexner Heritage Foundation, co-founded by Rabbi Herbert Friedman zl, was founded to strengthen volunteer leaders in the North American Jewish Community. So youre willing to put yourself out publicly and privately and say, Im going to do this.. This years compilation features WGF/DS Alumni Aaron Dorfman (Class 14) and Rachel Timoner (Class 17). Wexner himself has long been the richest man in the state of Ohio, renowned for his generosity to local and national institutions. Youre just writing a bigger number. She says, Its funny. In this excerpt, Whitney examines the Wexner Foundations origins and the ties of Leslie Wexners philanthropy and Jeffrey Epstein to Harvard as well as the now infamous Young Global Leaders program of the World Economic Forum. Theres a statistic that perhaps 80 percent of women dont wear the right bra size. Then I was in high school looking for a summer job. What matters in the car collecting or the art collecting is to learn about it, and then actually not the acquisition but to put them into a collection that I think is curated. Women in the Mideast, women in Asia, women in Europe, women all over America buy about the same things at the same time. Its half the business. We sent them some bralettes. He would think itd be pretty funny, but I think hed really appreciate it. Do I have a five-year plan? Id review the hindsight, the plan. Department stores were locally owned. The foundation is the cake. Try to learn a new sport, learn about a new subject, plan that kind of planned creativity the way one would plan exercise. And then if we could have the best store of its kind in Columbus, and then Dayton, and then in the Midwest, and in the country, and now you can have a lingerie store thats the best in Columbus, but it also has global potential and global sales, thats the limitless part. Do I feel good about myself? So electricity and lighting and all the things that escalators, elevators that made a big change in retail. I think I, by nature, am an optimist. My friends dont understand, whether its belonging to a country club or playing golf, or whatever a vacation is, that should make you happy. By Chava Gourarie November 19, 2019 10:30 am Leslie Wexner: My dad never said much. I didnt think much about accessories then. In March of 2015, we celebrated The Wexner Foundations 30th anniversary with a gathering that was equal part reunion, celebration, learning and visioning. Although many allegations focused on the conduct of another officer of the company, Wexner also came in for his share of criticism for his handling of the issue. So I look back and I understood leverage even then. L Brands now operates Victorias Secret, Bath & Body Works, Pink, Henri Bendel, the White Barn Candle Company, and La Senza. This would be a fun project, and its going to be 12,000 acres. You just want to do a few things hopefully the best in the world. Happily so. Whether in song, video or written word, Jewels provide a moment of reflection. Founder and Executive Chairman, Amazon.com, Founder and Executive Chairman, Oracle Corporation. I think its really a fundamental question. So much of your philanthropy is dedicated to fostering leadership. But the place where you put purpose because if time is time and material resources theres all kinds of demands on time. Id invent businesses or jobs. And they did take the week off in January. Obviously, how you want your figure to look and how it changes and what you want your silhouette to be is a pretty personal thing, and theres a lot of ego involved. I think thats important to think about those spheres of influence that radiate from you. Shes like, Sometimes youll say things, and theres a risk implied in the scale of what youre doing or what youre attempting. We talked about nothing, my trip, what I had done and how business was. In 1989, Wexner and his mother donated $1 million to the United Way, the largest personal donation made to the organization at that time. So if you want to buy the business, you got to come out right now., So I said okay and just went out and met him. Leslie Wexner: I think I remember her saying that thats a great idea, but it isnt like I wake up and say, Boy, I found the solution! But it gets worked out and then maybe youre in a meeting or a situation, and you say, You know, I have an idea that I think we can do this and it got worked out. The marketing is kind of the icing. Youre not an English officer. And he keeps his day job as a surveyor earning his living helping his brother run the farm. My dad had just passed away. And John by that time hes in his early 90s he comes in the office, and he said, Driving out here with Annie, we calculated that if you had taken my advice way back then in Vail, you would have just been finishing your second term as President!. More than 2,300 North American Jewish leaders from 35 cities have participated in the program. Half the people in the world are men. The Foundations professionalism, standards of excellence, and strong relationships with Jewish communities and organizations have created a model of practice for Jewish private philanthropy that has stood the test of time. This program inspires and unites Columbus-area Jewish teens to engage in service learning. | PRIVACY POLICY | WEBSITE AND APPLICATION DEVELOPMENT BY BIG KITTY LABS, Wexner Graduate Fellowship / Davidson Scholars Program. It was very different without air conditioning. He started writing a diary when he was in his teens, and he wrote things like, When I grow up, I want to be respected. In time, Wexner buit L Brands centered on Victorias Secret and Bath & Body Works into a $12 billion international company, with more than 80,000 associates focused on lingerie, beauty and personal care products. The U.S.-based conglomerate announced it would split into two companies in 2021, changing its name to Bath & Body Works, Inc., separating from Leslie Wexner: I thought, Boy, theres somebody like me. I didnt grow up on a farm, but he grew up in modest circumstances. Im also happy that I picked my wife and Im happy that I picked the business Im in. But what are the things that youre going to do? I didnt know anything about it. If you know the customer, then you can match the merchandise and then you can market it. Stay up-to-date with the latest recordings and teachings from members of our dynamic staff, faculty and network. Well do great things for Ohio. I said, John, Ive never run for public office. In the 21st century, L Brands made its first moves outside the United States, initiallyinto Canada, then into the duty-free areas of major international airports. He said, Ive never asked you for anything, but I would trust you to open and close the store and take the money to the bank. You know, just do simple things. What is that for? He was going broke. If fear was a color, she was color blind. So its a Tiffany lampshades kind of a place. Leslie Wexner: I think what Ive tried to do is make the world a better place. Leslie Wexner: Very important. The programs technology and teacher training and support are helping to make Jewish education more meaningful and accessible. In your lifetime now, whats the biggest change that youve seen in retail? And the discussion with the kids was that its the risk of leadership personal risk because if you say youre going to get As and you dont get As, youre going to be disappointed. Mid-level Israeli Public Officials. From then until now a period of 30, 40 years Im probably pretty well-read on the subject of leadership. Thechavruta methodology is fundamentally empowering, said Rabba Yaffa Epstein, Director of theWexner Heritage Program. No question. Youve done so many different things. Leslie Wexner: Yeah. People being able to have access to all kinds of things, if you would in their neighborhood, rather than a central business district was an important change. Its much easier to go to school and say, Ill just try hard and Ill get what I get. They could actually get on a train and go to a big city. So well get all crazy about watching the Academy Awards and say, Boy, theyre showing a lot of cleavage. What is your purpose? He starts following things, and then the English general is going on an excursion into the West. I had gone to law school. When you go to a shopping center, is it all fashion stores or is it health food stores, yoga parlors and Whole Foods? Did he have any parting words for you? Accusations of sexual harassment and discrimination at Victorias Secret coincided with the closure of several Victorias Secret stores and cancellation of the brands annual televised fashion show. As I look back at it, and didnt see it at the time, it was a classic father-son kind of argument about merit and manhood or value. He had no formal education, very frustrated. I think in polite ways it was always for the kids. And along the way a big thunderstorm came up, and I didnt want to go back because I was about two-thirds up the mountain and I was never in danger. Thats the merchandise. I had decided quite subconsciously that I was going to prove to my dad that I had real worth and I could do something, but the only language he understood was the business he was in. John Glenn, a great man. You know, men wear underwear, women wear underwear, but lingerie is you know. Were working on a project in Columbus, the National Veterans Memorial, and its under construction. Its more aboutnothaving it. Thats surprising to me. No one was just going to be a doctor. Wexner serves on the Board of Trustees and, as the immediate past board chair, has helped to guide the $1 billion expansion of Ohio States Wexner Medical Center. Weve read that in any group of 100, 41 of those women are probably wearing bras that you sell. Im a man. Leslie Wexner: My dads job moved him around. They dont lie.. So that was their big vacation after a lifetime. Whats the difference between lingerie and underwear? Lingerie has emotional content. And we took up boating. Leslie Wexner: It will be the same. Probably today, people would say Steve Jobs was a visionary because he invented this little gadget, the cell phone. It was American Victorian. When a new shopping center was built in the nearby suburb of Upper Arlington, he decided to rent that space as well and open two locations at once. For 35 years, The Wexner Foundation has never wavered from its focus upon Jewish leadership in the Jewish world and Israel. Didnt know him. If you dont exercise, if you dont stretch, you become inflexible. Through her role with MyJewishLearning.com, WGF/DS Alum Sharon Weiss-Greenberg (Class 20) has been bringing together online learning across the world through The Hub, in addition to providing thousands of subscribers with adult online Jewish education and events. Leslie Wexner: I think its good to have your own selfish interests, whether its liking chocolate ice cream or wanting a new car. Its like when you buy more stuff. Its just human nature is that. In 2002, Wexner co-founded the Partnership with the late Columbus Dispatch publisher John F. Wolfe and New Albany Co. chairman Jack Kessler, who remains a member of the partnership and its governing committee, which oversees the organization and its members and hires its chief executive. You have a responsibility. Young Leslie showed an entrepreneurial streak from an early age, organizing other local boys to join him in a lawn mowing business and other small ventures. Describe your reaction when he said, Youre actually more clever than I thought you were. Thats an interesting thing for a father to say. When I grow up, I want to know things. He never had the opportunity to go to college. It was an hour going and an hour coming. Ive never seen that with anybody Ive trained. So we said, Roy, we wont bother you. Its an hour to Dayton, an hour back. Wexner Summits provide a platform for alumni across all five of our adult programs to work together to confront major challenges facing the Jewish world. It has nothing to do with men. WebLeslie H. Wexner, founder of L Brands, currently serves as Chairman Emeritus on its board of directors. So I was probably influenced by that and said, I cant compete with all these other guys, because they have more resources and they know a lot. When photographing Ive never been on a photo shoot, by the way, for Victoria but I always ask the people that run it, What are the supermodels saying? You own the Pittsburgh Pirates. Wexner reorganized the remaining companies as L Brands. It pays to have a good education, but I cant make you study. Why did God bless me with these skills or these resources? And then it was at least five years of looking for purpose. Youll meet some dead ends and blind alleys. So I drove to town, parked my jeep, and just walked up the damn mountain. Pour myself a big glass of white wine, and I remember looking in the window and seeing my reflection and sipping the wine and saying, You just bet the ranch. Six months later we paid off all the debt. So the customer in the channel whether its store, or how e-commerce markets the brand, or communicates or satisfies customer needs the role of technology will change retailing, whether it changes it at stores because stores can be more entertaining, whether you can provide different kinds of services, distance learning for store managers and sales associates. All the women I know would like to wear lingerie all of the time. And Im just driving down the highway laughing my butt off and thinking what a funny thought that is. What gave you the confidence to bet the ranch? While the then-dominant regional department stores andneighborhood shopssuch as that of his parents carried clothing for the entire family, Leslie Wexner decided to focuson high-turnover items for a single segment, young women. A select group of Corps members can return for a second year to join the Senior Leadership Cohort (SLC). So I said, Dad, come on. And I want to give away ten percent of my pretax income every year, and some share of net worth., I said, That would make me feel good about myself. In 1982, he acquired a struggling San Francisco lingerie store called Victorias Secret for $1 million and built it into the worlds leader in intimate apparel. Les Wexner, founder of L Brands, created the richest town in Ohio, with tax incentives designed to make tech companies like Amazon, Facebook, and Google swoon. Allowing our network of leaders in the Israeli public sector and in both the professional and volunteer ranks of Jewish life in North America to leverage one another, Wexner Summits empower and mobilize a cadre of change agents who work in teams over the course of a year to address major challenges facing the Jewish people and Israel. This program helps to support up to 10 outstanding Israeli public officials earning their Mid-Career Master of Public Administration (MC/MPA) at Harvard Kennedy School. He reportedly had a close relationship with Jeffrey Epstein, but he ended their connection in 2007 after allegations were made against the fallen financial adviser. The Wexner Heritage Foundation created the Wexner Heritage Program to strengthen volunteer leaders. So the question is how do you gauge that? They didnt grow up with the same challenges you did and might have been less motivated to succeed. Given that another businessman has made it to the White House, do you ever regret that you didnt listen to John Glenn? We dont have a book of orders like GE does, making jet engines, and they design a new one every decade, and the order book lasts for three years and theyre managing to it. So were the largest specialty retailer of beauty products in the world. You have more ability than you think you have.. But a lot of people, say, example collect art, collect one of these and one of those. Leslie Wexner: I picked my religious community, the City of Columbus, and my alma mater. The store was successful, and by the time I was 30 years old, I was several times a millionaire. Despite his far-reaching national and international success, Leslie Wexner has always made his home in Ohio. I get to the top, and I remember it so vividly, standing on the top of Vail Mountain. I didnt take a jacket. So I always think that the future will be better and different than the past. I got in shape for it by jogging a mile, two miles, five miles. How much of your business is creativity and how much is just hard work? Then I went to an office supply store, got a map of the U.S., and got a compass and a wax crayon, and I drew concentric circles out 200, 300, 400 miles out of Columbus. Is it the harvest time? At Victorias Secret, Wexner responded to challenges from competitors with increased expenditure on television advertising, and introduced a line of cosmetics. Leslie Wexner: One of the things Ive probably absorbed when I was in business school and didnt know I was learning it was about life cycles, that things begin, and they peak, and then they decline. I got here first and I was lucky, but Im not really a leader. And they said, No, youre really a very good leader.. I could have had hypothermia. But if our skill is in women, and stores and everything that women buy or wear. You know? They get it out when they are making decisions. I didnt think my parents really knew what they were doing. Do you like inspirational sayings or anything like that? Its all from the ladys point of view. People ask it. This is a ladies paradise. More than 250 executives have taken part in the Senior Leaders program. He said, If you want to buy the business, heres what I have and if we can come to an agreement, Ill call the sheriff and tell him not to shut me down.. The Wexner Heritage Program began coinvesting with communities. You have to be proud of yourself and you have to achieve. They even reinforced that, because my mom and dad would say, Your dads got a new job offer. If you want to do money and banking, you can do money and banking. Dont get hurt, but you have real ability. Theyre giving me adult questions and adult problems to solve, and Im a kid, so Ive got to grow up as fast as possible.. Leslie Wexner: We open a store in San Francisco. She just knew that my dad and I werent getting along and I didnt have a job. What are the things you would like to impact? He would smile, and hed say, Are you doing a good job? or Tell me how business is. Pretty superficial stuff. The Jewels of Elul is a collection of short, inspirational insights for the High Holy Days from personalities who influence our global community, including many who have participated in one of our leadership initiatives. What other kinds of businesses did you pursue as a kid? So Im very happy. As I got older, still focusing on young women, I had to pay attention to what young women were buying and make guesses about what they would do. If youre going to tithe in time, youre going to spend 8 hours a week, 400 hours, 500 hours a year on something thats important outside of yourself.

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