JP Morgan's Boat Tactic
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A story about how JP Morgan used clever negotiation tactics by stranding people on his boat until they reached an agreement.
"I'm reading this book about JP Morgan from the Gilded Age. He was trying to settle an agreement with 5 different union heads of steel companies. He goes 'come out to my boat and we're gonna go for a boat ride and discuss.'
He gets on the boat and tells everyone 'alright' and then the pilot of the boat goes off in a rowboat. He says 'we don't have a captain, we're stranded out here until we settle a deal. We are not leaving until the deal is done.'
It's that pizzazz, that showmanship - every great actor needs a good set. He set up that set wonderfully."
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.