Kevin Warsh went from selling racetrack pencils to Trump's new Fed chair pick. His advice for Gen Z: merit is the ultimate currency in the workplace | Fortune
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Kevin Warsh went from selling racetrack pencils to Trump's new Fed chair pick. His advice for Gen Z: merit is the ultimate currency in the workplace | Fortune
""I learned a lot about hard work," the 55-year-old recalled to the How Leaders Lead podcast. "I learned a lot about trying to keep track of your pencils because there was good margin in pencils; we billed them as lucky Saratoga pencils that would go with the program... And at the end of the day, if the number six horse won, that would be the guy who'd come back and give you a tip.""
""Merit really carried the day," Warsh said. "As you show up in your job-in government or in the private sector-with skills, with knowledge, with insight, and also huge amounts of humility, age and rank seem to matter a lot less in almost every place where I've been." "Title was the least important thing," he added. "Ability to contribute to the team, to execute, were much more appropriate.""
Kevin Warsh is President Donald Trump's pick to serve as the next chairman of the Federal Reserve, replacing Jerome Powell when his term expires May 15. He still faces a complicated Senate confirmation before securing the job. At 14, Warsh worked setting up kegs and hauling ice at the Saratoga racetrack and later sold programs and pencils, where he learned hard work and customer interactions. He studied public policy at Stanford and law at Harvard, then rose at Morgan Stanley. Warsh emphasizes that merit, skills, knowledge, humility, and team contribution outweigh title, age, or rank.
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