{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"The Twenty One Clear Podcast","title":"Tony Simmons - Part 2: \"Sunlight Is an Amazing Disinfectant\"","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/6367fa3d\"></iframe>","width":"100%","height":180,"duration":2402,"description":"How does a family keep a company for more than 150 years?\nIn part two of my three-part conversation with Tony Simmons, former president and CEO of McIlhenny Company, the makers of Tabasco, his answer starts with a puzzle: feed the family and feed the business, and find the balance between them.\nFrom there, Tony takes me inside how his family works in and owns the company together. We talk about a shareholder agreement with an independent call price, how a 129-year-old company with no written business plan built best practice governance, and why a cousin on the board liked to say, \"Sunlight is an amazing disinfectant.\"\nTony also tells the story of a phone call about two sets of books, how he stepped away cleanly as CEO, why the family keeps its legacy assets outside the business, and why it chose to stay with pepper sauce.\nWatch this episode on YouTube: https://youtu.be/bByRu0VzxkA\nIn case you missed it, listen to Part 1 of this conversation: Tony Simmons - Part 1: \"Do Not Plan Your Life On It\": https://podcasts.apple.com/us/podcast/tony-simmons-part-1-do-not-plan-your-life-on-it/id1811403547?i=1000792742072&utm_source=twenty-one-clear&utm_medium=podcast&utm_campaign=ep-16-sunlight-is-an-amazing-disinfectant&utm_content=show-notes\n21C Links\nTwenty One Clear website: https://www.21clear.com/?utm_source=twenty-one-clear&utm_medium=podcast&utm_campaign=ep-16-sunlight-is-an-amazing-disinfectant&utm_content=show-notes\nAdam Hatcher on LinkedIn: https://www.linkedin.com/in/adamhatcher?utm_source=twenty-one-clear&utm_medium=podcast&utm_campaign=ep-16-sunlight-is-an-amazing-disinfectant&utm_content=show-notes\nSubscribe to the Twenty One Clear newsletter: https://21clear.substack.com/?utm_source=twenty-one-clear&utm_medium=podcast&utm_campaign=ep-16-sunlight-is-an-amazing-disinfectant&utm_content=show-notes\n\nBumper Music\nStill Hot\nby Nic D, Connor Price\n(c) Lossless, 2023\nEpisode Produced By\nhttps://snapmarket.co\nChapter Timestamps\n(00:00) Cold Open: \"Sunlight Is an Amazing...","thumbnail_url":"https://img.transistorcdn.com/HHbgVTqZixCkeX_Jh_q6Tgs1YQ7Uktx46HSFvtTgt5I/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS9jMTYx/NDBkOWY1MzlkOWNl/MWE3YzVjMDY5MmE1/NWEwYS5qcGc.webp","thumbnail_width":300,"thumbnail_height":300}