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A synthesis of all the known public sources on how the Pritzker family made their wealth. The Pritzkers own the Hyatt Hotel chain and Marmon, an industrials conglomerate. This is a story of incredible capital allocation.
Four Seasons is known today as the most consistent scaled luxury hotel brand. But how did it shift from hotel owner to asset-light manager, and how did it scale?
It’s difficult to imagine today, but databases were once a hot technology, in a crowded field. This is the story of how Oracle won the database wars of the 70s.
McKinsey founded his eponymous firm, but died before it scaled globally. This is the story of how McKinsey’s protege Marvin Bower built McKinsey into the firm we know today.
What happens when business expansion, done for entirely rational reasons, ends up tanking your company because of a once-in-a-generation disaster that nobody could have foreseen?