CNLP 302: STEVE GREEN ON THE RISE OF HOBBY LOBBY EMPIRE, WHY THEIR RETAIL IS STILL GROWING WHEN EVERYONE ELSE’S IS SHRINKING, AND HOW PAYING ENTRY LEVEL WORKERS DOUBLE THE MINIMUM WAGE PAYS BACK

CareyNieuwhof.com | 11/7/2019 | Staff
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What started in a garage almost 50 years ago has risen into a multi-billion dollar empire. Steve Green is the President of Hobby Lobby, and works along side his father, who founded the company.

Steve discusses the reasons behind the remarkable rise of Hobby Lobby, how it almost all fell apart, their biggest challenges, bucking the trend, why his company pays entry level works double the minimum wage, and why his family agreed to sign Warren Buffet and Bill Gate’s pledge to give at least half of their wealth away. Steve also talks about why he’s so passionate about funding what they’re funding.

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Welcome to Episode 302 of the podcast. Listen and access the show notes below or search for the Carey Nieuwhof Leadership Podcast on Apple Podcasts or wherever you get your podcasts and listen for free.

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Steve knows the value of treating employees well. Hobby Lobby pays their employees double the minimum wage. Steve remembers a time in the company’s history when they couldn’t do that. But, he says, because they can now, they do.

He also notes that when you are generous...
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