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Richard Loynd States Importance of Understanding Accounting

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Total Case Duration :

  • Date Added : 12/20/2004
  • Clip Duration : 1 min. 11 sec.

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Richard Loynd

  • Chariman and CEO, Retired, Furniture Brands International
  • male
  • Caucasian
  • 1928 (Age: 94 years old)
  • Richard Loynd - Interview - Furniture Brands International
  • Video 1 of 27 in this Case
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Biography

Richard Loynd has had a distinguished career which included his position as Chairman and Chief Executive Officer of INTERCO. It was under his leadership that the company engaged in its negotiations to restructure its debt, and ultimately emerged from Chapter 11 proceedings with a stronger balance sheet and a new focus on growth. In 1992, INTERCO had four primary operating companies: Florsheim and Converse in footwear manufacturing, and Broyhill and Lane in furniture manufacturing. In an effort to more clearly define the company's focus, in 1994 INTERCO spun off to its interest in Florsheim and Converse. The company was renamed Furniture Brands International to embrace the new focus. Loynd is now retired but still serves on the company's Board of Directors.

Richard Loynd is a graduate of Cornell University.

Well one of the things that I know I felt was important when I was going to school. I never really felt that I was going to end up as a technical engineer as such. And so I wanted to make certain that I knew a little about business. And so I took a couple of accounting courses. And you know it i...(Full transcript available to logged in subscribers.).

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Richard Loynd videos

Video 1 of 27 Richard Loynd Discusses Choosing A Career After College
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 1 min. 56 sec.
Video 2 of 27 Richard Loynd Discusses Decision To Join Emerson Electric
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 2 min. 53 sec.
Video 3 of 27 Richard Loynd Discusses Decision To Join Conglomerate Which Got Purchased By Allied Chemical
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 2 min. 35 sec.
Video 4 of 27 Richard Loynd Discusses Evolution of Furniture Brands International
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 5 min. 9 sec.
Video 5 of 27 Richard Loynd Shares Thoughts on Teamwork
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 2 min. 14 sec.
Video 6 of 27 Richard Loynd Shares Thoughts on Entrepreneurship
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 1 min. 34 sec.
Video 7 of 27 Richard Loynd States Importance Of Being Willing To Discuss Bad News Before The Good News
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 1 min. 11 sec.
Video 8 of 27 Richard Loynd States In Business, You Must Go To Where The Problems Are
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 2 min. 57 sec.
Video 9 of 27 Richard Loynd States You Need Integrity and Passion in A Management Team
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 1 min. 11 sec.
Video 10 of 27 Richard Loynd States If Logic Doesn't Get You The Answer You Need Then Change The Logic
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 2 min. 41 sec.
Video 11 of 27 Richard Loynd Discusses Concept of Gross Profit Management
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 2 min. 27 sec.
Video 12 of 27 Richard Loynd Discusses Challenge of Turning Data Into Information
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 1 min. 19 sec.
Video 13 of 27 Richard Loynd States Importance of Communication Within The Organization
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 1 min. 14 sec.
Video 14 of 27 Richard Loynd Discusses Importance of Innovation In Product Development
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 3 min. 3 sec.
Video 15 of 27 Richard Loynd Discusses Increase In International and Overseas Supplies
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 2 min. 35 sec.
Video 16 of 27 Richard Loynd States High Quality Suppliers Are Essential To Success
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 0 min. 35 sec.
Video 17 of 27 Richard Loynd Shares Thoughts on Leadership
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 1 min. 6 sec.
Video 18 of 27 Richard Loynd Discusses Business Planning Within a Large Corporation
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 1 min. 53 sec.
Video 19 of 27 Richard Loynd Shares Thoughts on Importance of Strategic Planning
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 1 min. 55 sec.
Video 20 of 27 Richard Loynd Shares Example of Mistake in Not Signing Michael Jordan At Converse
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 2 min. 5 sec.
Video 21 of 27 Richard Loynd States Opinion That Business Has Not Really Changed
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 0 min. 39 sec.
Video 22 of 27 Richard Loynd Discusses Chuck Knight and His Leadership of Emerson Electric
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 1 min. 7 sec.
Video 23 of 27 Richard Loynd Discusses Importance of Dedication to Principles
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 1 min. 6 sec.
Video 24 of 27 Richard Loynd Shares Thoughts on Cash Flow
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 4 min. 25 sec.
Video 25 of 27 Richard Loynd Discusses Importance of Giving Back to Community
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 2 min. 39 sec.
Video 26 of 27 Richard Loynd Discusses Work-Life Balance
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 2 min. 48 sec.
Video 27 of 27 Richard Loynd States Importance of Understanding Accounting
  • Richard Loynd - Interview - Furniture Brands International
  • 12/20/2004
  • Richard Loynd
  • 1 min. 11 sec.

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