Management

The Richards Group abolishes the privileges of power

26 The Richards Group VA CRYPTEE-MPEG 4 HQ

Stan Richards ended all privileges given to managers 40 years ago.

81 year-old Stan Richards, founder of the United States’ largest independent advertising agency, is a revolutionary. In Dallas, he engaged himself in a fight to supress all the privileges given to managers like parking, corner offices and special bonuses. Why? Because he is convinced that privileges hurt the company spirit and create gaps between employees. At the Richards Group, everyone lives in equality and according to its CEO, this system has allowed the company to keep its entrepreneurial spirit. Thus, the young talents of advertising recently out of university knock on his door first, convinced that they hold a chance there. And older managers have to learn to manage… differently.

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  • Duration: 5 min
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