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MotorTranscript
00:00Please welcome to the stage moderator to Myra Chapman president and CEO
00:05Storehouse and her panelists Raja Karuth NASCAR driver
00:10Christina Lewis founder Beatrice advisors and Denise Young author and former CHRO Apple
00:18Oh
00:28Good afternoon. Good afternoon. All is well. All is well
00:36We got nervous for a minute, but we definitely kept our composure up here you're dealing with professionals
00:42Professionals, it is my honor and privilege today to be joined by three icons who are absolutely
00:49breaking barriers and pioneering and non-traditional spaces
00:54We're joined by Raja Karuth
00:5622 year old NASCAR driver
01:11Driver of number 71 Hendricks comm Chevrolet Silverado's for Spryer-Montgomery
01:16I'm so excited to be joined by three icons who are absolutely breaking barriers and pioneering and non-traditional
01:24spaces
01:25First we're joined by Raja Karuth
01:2822 year old NASCAR driver from Washington DC
01:32Driver of number 71 Hendricks comm Chevrolet Silverado's for Spryer-Montgomery
01:38Driver of number 71 Hendricks comm Chevrolet Silverado's for Spryer-Montgomery
01:42And he also won the first NCTS race in
01:472024 at the Las Vegas Motor Speedway
01:50But the reason I'm most impressed with him is that he's also a senior in college
01:56Give it up for Raja
02:00Next I'm joined by Christina Lewis founder of Beatrice advisors a wealth management firm
02:07Co-founder of the giving gap a non-profit database of black founded charities
02:12And she was also honored by the Obama White House as a champion of changed
02:21Finally certainly not least though is Denise young
02:25former chief human resource officer of Apple and the first African American to serve in a c-suite role in Apple's history
02:34She served as she served as an executive under two iconic CEOs including Steve Jobs and Tim Cook
02:43She co-created the Apple Store culture leading those teams globally for 12 years
02:48She's also an author performing and recording artist advisor and board director
02:55the icons my friends I
02:58I
03:00Want to jump right into it because I know that we only have so much time here and Raja
03:05I'd love to just start with you as one of three black drivers to win a NASCAR National Tour race
03:12What did it take to get to that point and what strategies or mindset shifts?
03:17Would you offer to others that are coming behind you? That's a great question
03:21First of all, good afternoon. Everybody. It's cool to be here
03:24It's super special for me in racing because I've loved it since I was itty-bitty and and it's taken so much to get here
03:32So I think one of the things that have helped me get to where I'm at now is my village of my parents my sister
03:38For helping nurture my passion from when I was just a little kid to the team
03:43I have around me from my driver development side of things to my physical trainers to my professors at school
03:49It takes a whole village to uplift an athlete or a person that is able to chase their dreams
03:55So I think in terms of strategies that have helped me so far
03:58It's just to go really one step at a time because on the racetrack in the in the race car
04:03There's so many things happening. There's so many variables
04:06There's so much information that is being thrown at you and it's so important to be hyper focused on one task at a time
04:13Whether it's the next turn the next lap the next pit stop
04:17Everything matters. So I think one strategy is just compartmentalizing things and just going one step at a time. It's excellent
04:23Thank you. Good advice and Christina
04:26We'd love to hear from you about your new venture Beatrice advisors
04:29Which has a mission to provide high quality financial services to a new generation of wealth
04:35Can you tell us a little bit about Beatrice advisors? What is it exactly and who is the new generation of wealth?
04:42Thank You Tamara and hello everyone, it's such a pleasure to be here
04:46So Beatrice advisors and it takes his name its name from my father Reginald Lewis's company
04:53TLC Beatrice International Foods
04:55That it is a multifamily office. The family office is a type of company that manages wealth for
05:03wealthy families
05:04So it invests their money
05:06But it does it in a way that helps support the company's the family's values and Beatrice is the
05:15country's first black woman owned family office
05:19Excellent. Congratulations. Congratulations Christina. I think and you know, we say that we're this we're modern. We're helping
05:27We're modernizing wealth management. Also making it more accessible
05:32Eighty-four trillion dollars is set to be passed down over the next two decades
05:39eighty-four trillion
05:41dollars
05:42That's Gen X and Millennials will be receiving that money and they think about their money differently this new
05:50Generation there are more women with control over their money
05:54There are a more activist mindset
05:58And of course, there are more black families people of color multiracial families and others who are
06:06Having wealth in their in their family for the first time
06:09We want to be there to provide super super high quality services for them deliver value
06:15Because there's a lot about wealth creation and I'll talk about my dad a bit, but what comes after that? Well, it's wealth preservation
06:24Generationally over time that is the goal for us when we have people who can inherit
06:30That is unfortunately. It's something that I know a lot about and want to translate that knowledge
06:36To to this new generation of wealth. Thank you, Christina and Denise
06:47Denise you've written about your experiences on a historically black campus and while at Apple
06:53You broke this brokered one of the largest corporate donations ever
06:58Can you talk about that experience first?
07:01Sure. Thank you so much to my rent. Thank you audience for your attention this afternoon
07:05I have been dedicated to the vision and the purpose of HBCU's ever since I attended one
07:14I
07:17Had a teacher first-year literature teacher miss Lee grant and
07:24First test she was announcing to us. Here's what the curve is going to be
07:28Here's what you have to achieve to get these grades and then she just looked over at me and said, oh I miss young
07:34I'm gonna need you to reach this amount
07:3895 in order for you to get a day. I
07:41Was like wait what I didn't have the courage to ask her in that moment
07:46but I asked her later and she said well because it was easier for you and
07:50What she knew and what HBCU's know is that sometimes in order to truly achieve
07:57equity you have to treat people differently in order to treat them fairly and
08:03HBCU's have understood this in for
08:06170 years
08:07with tragically
08:09under under
08:11undersourced funding last year the White House declared that
08:1716 states. Oh the land-grant schools twelve billion dollars. So with this kind of
08:25funding deficit they have been producing a disproportionate amount of excellence throughout this world
08:32including all of you
08:34and what I want corporate America and particularly tech to understand is that this is not a one-way relationship for
08:43Corporations to not just behave as benefactors, but to understand there's mutuality
08:48There's things they could be learning from our communities and our students that testify
08:54Around our resilience and our empathy and our ability to be leaders. This is what I wanted
09:01Corporations to understand better and why we designed that program
09:04That was fantastic
09:06And I love reading about that and when we are seen those experiences that you share it in a book really deep in my understanding
09:12Of how I'll even approach it. Thank you for that
09:15Christina your father was the only black person on a Forbes 400 in
09:201991 but he passed away when you were 12
09:24What advice do you have for people in the audience who also want to create an enduring legacy?
09:31Thank you, yeah
09:33You know dad was dad was great for a lot of reasons and here we are no Forbes 400
09:40That he was on it. He was also the first black person to raise a billion dollars
09:45You know a record that stood for a very very long time after his death
09:50He was the first black person to own a billion dollar company
09:53You know after he died he left part of his estate to a foundation
09:58I'm the vice chair of the Reginald Lewis Foundation and it's given over 35 million dollars and it's 35 years of existence
10:05Thank you
10:07Thank you, but
10:09But the most powerful thing when we talk about legacy, it's not money. It's people
10:16and dad reached a lot of people in this life, but it's actually after his death and that's because of
10:22Why should white guys have all the fun? Who's read it?
10:26Yeah, if you haven't read it be sure to pick up a copy I would recommend you read it because you know, who's read it Caden
10:37Haven't watched the white guys all the fun. It is the Bible or
10:41Many entrepreneurs and business owners and by the way, it's not limited to black people. But of course
10:48many many black people
10:51Kappa Alpha Psi, right read this book. So these thousands of people
10:57Will come to come to me and my family and they say, you know reading this book
11:02Changed my life seeing your father on the cover of black
11:07enterprise in Forbes in
11:10fortune in Le Monde and Le Figaro in France
11:14I
11:15Changed my life for what black people could do and what you leave behind
11:21It has to be it has to be about people
11:25So that that is what I would be advice that I would give everyone here. Of course
11:30You know building wealth and wealth creation. It's a vital right that if you're looking to leave something behind it's about the people
11:38That you have helped
11:41Fantastic. Thank you
11:45Roger what advice would you give to young black professionals who are pursuing careers and industries where they're represented based on your experiences in NASCAR?
11:53That's also really a question
11:55I think for me like I mentioned before I had the interest since I was a little kid
12:00But I never gotten involved until I was almost a senior in high school growing up in DC being
12:07Really isolated in the world of racing. There was little to no ways to get involved in the sport. And so
12:14With that being said it was super important for me to build connections by showing up to the racetrack when I wasn't driving and
12:21meeting team members drivers
12:24Managers
12:26Officers and getting my name out there and building my brand
12:29And just showing up because that made the difference for when I eventually did start to drive
12:34They were able to put a name with the face and those connections and those relationships that I had started at a younger age
12:40Really paid off. So I would say by just showing up and making those connections, but also doing the little things
12:47There was a lot of nights in high school where I just spent time racing on my simulator
12:51Practicing it to get better and not having really any pathway to start driving
12:56And so that all paid off to where when I started racing in real life
13:00All those those late nights and early mornings paid off. So
13:04Definitely I would say just work on building those those connections and being comfortable with expressing yourself
13:11Because I'm an introvert and and I don't necessarily like to do things like this
13:16So this is very cool to have developed the confidence over the years to speak publicly
13:21So I say to in addition to just like I said express yourself and get comfortable with with your elevator pitch
13:28And express it and advocate it for yourself
13:34Roger that's really powerful what you said, and I want to make sure that we unpack that in the right way
13:40So you said that when you didn't have a path to understand how to get into racing that how to even start?
13:45That you were up late nights on a simulator. So like playing a video game to mom. Yeah Tim. I was the game Wow
13:53Wow, wow
13:54And I think that that's just proof that we never let anybody tell us what we can't do and never use any
14:00Excuse as to why you can't start something
14:03So when he didn't know exactly how to start or who to call he got busy and all those late nights and early
14:10Mornings paid off because when you did read the right people and you found yourselves in the right room
14:14You were already ready. Yes, ma'am. Can't teach that. It's excellent
14:19That's the gym. It's a gym
14:21Denise given your experience in HR and culture building what actionable steps can young black professionals take to foster
14:29Inclusivity and innovation in their own organizations similar to what you were able to do within Apple. It's a great question. Thank you tomorrow. I
14:38Talk to young people a lot
14:41Who will say?
14:43I'm going to go in I'm going to do my job
14:46I'm going to do it with competence and I'm going to do it with excellence and that's it. It stops there
14:51I have boundaries. I don't owe them anymore. I'm not going to extend myself anymore, etc
14:57That's one strategy
14:59But what I would submit for us to consider
15:03is that we have so much power that is untapped and that we can create context and
15:12community
15:14Context in so much as the more insight that
15:18Others around us have around who we are what we believe in where we come from
15:24The harder it is for us to become just a number just a percentage just a statistic and
15:31It's so doing we're also creating the conditions for community
15:35We are creating conditions for other people like us and unlike us to thrive
15:41I call it time to thrive if we could shorten the time to thrive
15:46inside of our
15:47Organizations everyone is is better off people want to be you know
15:51We do that better than most people and everyone wants to be on our team
15:56They want to be a part of what we're doing and when we can create those kinds of communal conditions
16:03I'm not suggesting we overshare
16:05I know Trevor Trevor Noah did a beautiful clip recently where he said apply some emotional intelligence to how much we share
16:12But well time to strategic insights about who we are what we stand for
16:19That really really serves us and I would recommend that we all try to do more of that
16:28It's fantastic Christina over to you, what's the best advice you've ever received
16:40It was yeah the best advice I ever got was from this
16:46This kind of line of private equity
16:50someone who someone who admitted my dad had worked with you know, not not directly and
16:56when we're sitting down at lunch and
16:58This is I don't know me 20 years ago
17:01And I said to him, you know
17:04How how are you still on top? How do you stay on top because?
17:09you know, you're one of the largest most successful private equity in the world and
17:14The competition is tremendous, right?
17:17So don't just say oh I work harder than everyone else like everyone is working hard, you know at that level, you know
17:25And so he leans in he leans in and he'd been so nice. He's kind of a big guy. He'd been so nice
17:31I'm just like, oh wow, this is intense
17:34He goes
17:35You have to find your edge
17:40And I was like, oh my god
17:43They cheat
17:46That is the answer that is what they've been doing
17:50I mean, you're not not like literally and they're very careful for everything to be legal
17:55but essentially you find the thing that you can do that like no one else can really do and
18:05That's how you get
18:07How do you get to the top then you put a moat around it so that no one else can do it
18:13You know business is tough. But yeah, that that is the best advice I ever got because I got it directly from the lion's mouth
18:22Find your
18:25Excellent
18:27But I should be more inspirational
18:31You got it from the lion's mouth, I trust it I trust it did Raja who's your biggest role model
18:38Probably my dad. I don't know where he's at
18:40somewhere
18:43Yeah, he's also Clark alone, so
18:46Yeah, I don't know where he is. But probably my dad I think from you know, immigrating from st
18:51Vincent those brothers and sisters to
18:54you know growing up in Brooklyn and then coming down here and yeah and
19:00Having myself down here and my sister later on
19:04really just the the standards that they both him and my mom has set for my sister and I to
19:10Continue our education, but also
19:12Give us what we need to pursue our dreams. So I would really say really my dad and my mom
19:18Shout out to mom and dad
19:21Denise what's one book everyone should read?
19:24one book
19:26I will say that Isabel Wilkerson in both of her books warmth of other sons and cast
19:33Changed my life. I went and bought like two cases of her first book and gave them out
19:39and cast
19:41the same
19:42what I found was it shifted my understanding of having everything sitting in just the construct of
19:50race and
19:52shifted it and expanded it so that I have greater understanding a global understanding of the
19:58Hierarchy of humanity. Yes, and what that means and that there's always going to be someone on the bottom
20:05There's always going to be someone on the top and we have to do what all we can
20:10To make sure that we exist and thrive in the place along that hierarchy that we choose to
20:17Sit upon and not that is forced upon us and I highly recommend both of those
20:23That's excellent and a perfect place to end. We thank you all so much
20:27It was an honor and privilege to spend some time with you this afternoon. Thank you to our panelists
20:35You