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No Fear of Failure: Real Stories of How Leaders Deal with Risk and Change by Gary Burnison

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Chapter Two

ELI BROAD: COMPETITOR

By any measure, Eli Broad is a winner with an impressive list of accomplishments. One of the cofounders of Kaufman & Broad, he grew the business from a tract of houses built in the 1950s to a national, publicly traded homebuilding company eventually known as KB Home. Later, he bought a small life insurance company for $65 million and turned that into SunAmerica, a retirement savings empire that was sold in 1999 for $18 billion. A self-made billionaire on the Forbes list, he no longer leads the two Fortune 500 companies he founded but remains very active as a venture philanthropist; rather than writing checks and staying at arm's length, he wants to see the results of where he puts his money. The Broad Foundations—which ...

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