Speaking exclusively with WWD via phone, 87-year-old Lauder gives an inside look at his first book.
The 87-year-old chairman emeritus of the Estée Lauder Cos. Inc. is riding out the coronavirus pandemic in Maine with his wife, Judy Glickman, readying the publication of his first book.
“From the day I arrived in February 1958, my parents trusted me implicitly. I did everything — even set family compensation,” he said. “There was no training. This was on-the-job training.” “However, the big growth in the next two to three years is online,” he continued. “We have all seen double- and triple-digit increases online and this has happened also in China, where online is skyrocketing.”
Lauder’s official corporate title aside, his favorite role in the company now is as “chief teaching officer” and he has spent the last three years working on the book, which he hopes will be “a roadmap for businesspeople to say how can you build your own life from small things. We were able to do it. Others have been able to do it. You can do it, too.”
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