408: From the Ground Up with Matt Malone
The Way I Heard It with Mike Rowe
The Way I Heard It with Mike Rowe
4.8 • 39.1K Ratings
🗓️ 8 October 2024
⏱️ 86 minutes
🧾️ Download transcript
Summary
Matt Malone is the CEO of Groundworks, one of the largest foundation repair and waterproofing companies in the United States. He’s also a self-described capitalist, but he practices a new version of the economic system, one that recently had him turn 5,500 Groundworks employees into part owners of the company.
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Transcript
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| 0:00.0 | Mike Rowe here with another episode of the way I heard it Chuck do you have any |
| 0:07.5 | idea what number this might be or do we even care anymore? Yeah I do I mean the number is going to be 408. 408? Yes. Not that it |
| 0:17.0 | matters but I tell you what does matter my guest his name is Matt Malone. You're |
| 0:21.2 | gonna love him. The episode is called From the Ground Up because Matt Malone. You're going to love him. The episode is called From the Ground Up because |
| 0:24.4 | Matt Malone happens to be the CEO of a company that you might have heard of called |
| 0:28.8 | Groundworks. Yes Chuck, full disclosure. Groundworks is a sponsor of this podcast. |
| 0:34.2 | And you, like many of our gentle yet marginally skeptical |
| 0:38.6 | listeners, are no doubt wondering why would I have a CEO |
| 0:42.3 | of a company that sponsors this podcast on the actual |
| 0:46.0 | podcast? Mike why would you have a CEO from a sponsor of this podcast on this podcast. |
| 0:55.0 | Because I'm hopelessly biased, obviously. |
| 0:57.0 | I'm bought and paid for Chuck, I sold out many years ago. |
| 1:00.0 | No, that's not true. |
| 1:01.0 | Well, it's not entirely true. Here's what happened. About a year and a half ago, maybe two years, |
| 1:07.0 | I was invited to give a speech for a company that I was not familiar with. This company was called Groundworksworks and the speech was in Virginia Beach |
| 1:14.4 | where they're headquartered and this guy Matt Malone called and said look this is a big |
| 1:19.7 | deal for my company I I've got 5,400 employees who do the classic dirty jobs. |
| 1:27.8 | And I said, what are you talking about? He goes, like, these guys, they waterproof homes, |
| 1:32.4 | they lift homes, they fix found them. They |
| 1:33.0 | water-proof homes, they lift homes, they fix foundations, they encapsulate crawl spaces. |
| 1:37.0 | I said, look, it sounds great. |
| 1:39.0 | I love these guys. |
... |
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