Dick's Sporting Goods CEO Ed Stack's new book, 'It's How We Play The Game: Build a Business. Take a Stand. Make a Difference,' is set to hit shelves on Oct. 8. CNBC spoke to Stack about why he decided to write the book.
Dick's Sporting Goods CEO Ed Stack's new book, "It's How We Play The Game: Build a Business. Take a Stand. Make a Difference," is set to hit shelves on Oct. 8.The retailer was alone when it took a controversial stance on gun sales, but other retailers are now speaking out, urging lawmakers to make comon-sense reform.
And — again something Ed and his father both couldn't have ever predicted — Ed would spark a national debate when he took a bold stance on assault-style firearms in February of 2018, following a deadly school shooting in Parkland, Florida. If we had a chance to it all over again, we wouldn't change a thing. Meeting the families in Parkland ... the one thing I promised them when I left was we would keep the conversation going.Stack's tumultuous upbringing including plenty of bickering with his father, the highs and lows of scaling the business, and his background as an athlete were enough to convince the CEO to write "It's How We Play The Game: Build a Business. Take a Stand.
He cites one example detailed in his book where, in 1996, Dick's Sporting Goods was out of cash. The situation was so dire, there were talks the company could file for Chapter 11 bankruptcy. Until GE Capital swooped in at the 11th hour and loaned Stack enough to keep the business up and running.
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