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Desert Island Discs

Sir Terry Leahy

Desert Island Discs

BBC

Society & Culture, Music Commentary, Music, Personal Journals

4.413.7K Ratings

🗓️ 3 February 2013

⏱️ 34 minutes

🧾️ Download transcript

Summary

Kirsty Young's castaway is Sir Terry Leahy, the businessman and former CEO of Tesco.

His first job with the company was as a teenager when he worked as a shelf-stacker, but he made his name transforming the supermarket from a lack-lustre brand into Britain's biggest retailer.

His ascent to the very top was marked by a fundamental understanding of his customers' needs and a single minded determination, powered, he says, by a fear of failure.

He says of himself, "I was a relatively shy guy from a council estate and an unlikely chief executive, I'm quite happy not to be in the limelight".

Transcript

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0:00.0

Hello, I'm Kirstie Young. Thank you for downloading this podcast of Desert Island Disks from BBC Radio 4.

0:06.0

For rights reasons, the music choices are shorter than in the radio broadcast.

0:10.0

For more information about the program, please visit BBC.co.uk.

0:17.0

Radio 4. My My cast away this week is the businessman Sir Terry Leahy. The former CEO of Tesco,

0:40.0

he made his name transforming a lackluster brand into Britain's biggest retailer, valued at 35 billion

0:47.1

and employing around 300,000 staff globally.

0:50.8

Can it really be true that he started stacking shelves there as a school boy?

0:54.4

Well it is, true too that he was brought up in a house devoid of books in a family

0:59.1

that could never afford to take holidays. His assent to the very top then was marked by a fundamental understanding

1:05.3

of his customer's needs and a single-minded determination powered by fear of failure. He says

1:10.9

of himself, I was a relatively shy guy from a council estate and an unlikely chief executive.

1:17.0

I'm quite happy not to be in the limelight.

1:20.0

Too bad Terry Lee, you're in it today.

1:22.0

Is it an uncomfortable place for you to be the limelight?

1:24.7

Yeah this is not where I'm happiest but I'm looking forward to today and the day of your

1:31.1

departure then at Tesco's when it was announced 778 million was wiped off the value of the company.

1:38.0

Was that flattering or was it worrying?

1:40.0

As somebody said, it was enough of a drop to mark the occasion but not so bad that it really caused a problem.

1:48.0

Still giving you pause for thought that?

1:50.0

Yes, well it had been my life so leaving was difficult but I've got very good memories of the business.

1:57.2

It must have been a highly personal feeling to decide to leave and had a huge personal impact I imagine.

2:03.0

It did, although you've got to keep that under control because you're one person of

...

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