408: Matt Malone--From the Ground Up
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
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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. The episode is called From the Ground Up because Matt Malone happens to be the CEO of a company |
| 0:27.2 | that you might have heard of called Groundworks. |
| 0:30.1 | Yes Chuck, full disclosure. |
| 0:32.4 | 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 I'm bought and paid for Chuck I sold out many years ago |
| 0:59.7 | No, that's not true. Well, it's not entirely true. Here's what happened. |
| 1:04.6 | About a year and a half ago, maybe two years, I was invited to give a speech for a company that I was not familiar with. |
| 1:10.7 | This company was called Groundworksworks and the speech was in Virginia |
| 1:14.1 | Beach where they're headquartered and this guy Matt Malone called and said look this |
| 1:19.2 | is a big 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-b-bowed. They |
| 1:33.0 | waterproof 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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