Ted Leonsis Visits the Smith
School As Part
of the CEO@Smith Speaker Series
Students, faculty and staff crammed into Van Munching Hall’s Frank Auditorium
on Tuesday, Feb. 16, 2011 with one goal in mind: Listening to Ted Leonsis speak
about what it is like to own several Washington-based sports teams, including
the Washington Capitals and the Washington Wizards.
Leonsis is known as one of the country's premier businessmen and an Internet
pioneer, holding numerous leadership positions at AOL in his 15-year tenure,
including vice chairman and president. He currently serves as AOL’s vice
chairman emeritus. He is a professional sports team owner, founder and chairman
of Web 2.0 start-up SnagFilms, chairman and investor in Clearspring Technologies
and Revolution Money, a film producer, a private-angel investor, an active board
member, and a committed philanthropist.
He is the founder, chairman and majority owner of Lincoln Holdings LLC, a
sports and entertainment company that holds ownership rights in several
Washington, D.C., entities, including 100 percent of the Washington Capitals and
the WNBA’s Washington Mystics. Lincoln Holdings also owns approximately 44
percent of Washington Sports and Entertainment Limited Partnership, which owns
the NBA’s Washington Wizards, the Verizon Center and the Baltimore-Washington,
D.C. Ticketmaster franchise.
Among his many honors, Leonsis has been named “Washington's Businessman of
the Year”, “Washingtonian of the Year”, one of the 20 most influential people in
sports, one of America's most creative executives, and a top-10 entrepreneur of
the year. Leonsis blogs daily at TedsTake.com.
Asked to speak as part of the CEO@Smith speaker series by eager Smith School
sophomore Brian Oringer, Leonsis talked about the five things that make an
iconic city: Its universities, its buildings, its public spaces, its media and
its sports teams: “A sports team combines all of the areas of iconic elements in
a city. … Owning a team is really daunting in its importance,” he said.
Leonsis also talked about the importance of being happy and how happiness
contributes to being successful: “You can be successful and not be happy – just
watch the news every night. … But if you are happy, you are more likely to be
successful. There is a science behind happiness.”
That science, he said, comes down to five traits that you must have in order
to be truly happy and successful: You must be an active participant in multiple
communities of interest. You need to have very high levels of self expression.
You need to have high levels of empathy. You must get out of the “I” and into
the “we.” And you must always be in pursuit of a higher calling.
He went on to explain that getting involved with sports teams was a way for
him to actively pursue those traits. He was involved in a very social community
that allowed for great levels of self expression with enthusiastic sports fans.
He put himself in situations during which he could learn to empathize with
others, such as cleaning the Verizon Center bathrooms after a game. He worked on
helping athletes become philanthropists. And he realized his higher calling was
providing memorable experiences for fans that they could relive with the same
excitement afterward, such as winning a championship game.
Jessica Bauer, Writer and Editor, Office of Marketing