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Positive Enterprise Value Blog Jay Lapeyre, An Entrepreneur Owner-Manager of Many Parts
Jay Lapeyre, An Entrepreneur Owner-Manager of Many Parts

Jay Lapeyre, An Entrepreneur Owner-Manager of Many Parts

June 19, 2024

1 hour listen

Portsmouth, NH & New Orleans, LA

On this latest episode of the Positive Enterprise Value Podcast, I am thrilled to welcome my good friend Jay Lapeyre. Jay is the second-generation Entrepreneur Owner-Manager (“EOM”) of Laitram LLC. Laitram is based in the New Orleans area but operates worldwide with over 4,000 employees. Jay's father was a consummate entrepreneur who, with more than 200 patents to his name, invented a number of innovations involved in the material handling business, mostly having to do with food, which was the basis for starting Laitram. Following in his Dad’s footsteps, under Jay’s leadership, Laitram grew worldwide, and is now one of the most successful and widely known innovators in the material movement business, responsible for inventing the plastic interlocking conveyor belt.

Jay is a Renaissance man, where in addition to being a husband and a father of three, he holds a BA from the University of Texas as well as an MBA and a JD degree from Tulane University. I'm not sure Jay ever practiced as an attorney, but he certainly has the very ordered thinking and discipline that perhaps some people gain from studying law.  My interview with Jay covers a bit of the background of Laitram, some of Jay's interest in developing the whole business, including in particular the human capital aspect: the employees, the management team, the customers, the other constituents around the world, as well as his interest in the community where he is the Chairman of the Board of the Cato Institute, along with The Atlas Society.  I loved being with Jay on this interview, as well as spending a half a day on board my boat on the Atlantic Ocean together when it was blowing up pretty hard and we got to see who had a sense of humor after they got a little wet, a little cold, and a little tired. So, without further ado, join me in listening to this fascinating discussion with Jay Lapeyre of Laitram LLC.

Jay & Sally Lapeyre aboard Pete's Sailboat, Patience

Listen below or on Soundcloud here.

What I am Reading / Listening to

The Mindful Body: Thinking Our Way to Chronic Health (2023)
By Ellen J. Langer

Dr. Ellen Langer's latest book, The Mindful Body: Thinking Our Way to Chronic Health is a groundbreaking work that challenges …hell it totally de-bunks… conventional wisdom about the mind-body connection and offers a revolutionary perspective on health, and well-being, and more. The chapters relating to health are powerful, but I relished the chapters on risk taking and rule following as much as any!

Langer, the first woman to earn tenure in Harvard’s psych department and widely known as a pioneering social psychologist and mindfulness researcher, presents a paradigm-shifting theory of mind-body unity. Through her decades of hard research, she demonstrates how our thoughts and perceptions directly influence our physical health in profound ways.

The book provides compelling evidence with reference to three of Langer's many studies:

  • Hotel chambermaids who lost weight simply by recognizing their work as exercise;
  • Patients whose wounds healed faster when exposed to accelerated clocks, illustrating how our perception of time impacts healing; and
  • The negative effects of discouraging health news, such as being labeled "prediabetic," on disease development.

These examples powerfully illustrate how our mindset and beliefs shape our bodily experiences and health outcomes. The Counterclockwise experiment itself is enough to convince.

Langer advocates for the practice of mindfulness—actively noticing new things and breaking free from rigid assumptions—as a pathway to better health and well-being…and she didn’t say this but I will…it is a way of living. She is making a distinction between mindfulness (which she brought to the tip of the public’s tongue), and Mindfulness Meditation which she would say is an intentional form of mindfulness. By cultivating a mindful approach, we positively influence our physical state and unlock our full potential for healing and vitality.

The Mindful Body is a thought-provoking exploration that challenges the notion that ailments inevitably worsen over time. Instead, Langer empowers readers to reclaim control over their bodies by harnessing the power of their minds.

Entrepreneur Owner-Manager Quote

“The credit belongs to the man who is actually in the arena; whose face is marred with dust and sweat; who strives valiantly, who errs and may fall again and again, because there is no effort without error or shortcoming.”

Theodore Roosevelt, the 26th President of the United States

Energy Creation

Peter H. Thomas Interview with Joe Polish at the Annual Genius Network Event
Peter H. Thomas shares insights on entrepreneurship, success, and life lessons in this compelling conversation

I really loved this interview that Joe Polish conducted with Peter Thomas. I have had the fun of spending a little time with Peter and Rita Thomas, and he is an incredibly inspiring Entrepreneur Owner-Manager with a wonderful life story. This interview took place live in front of the Annual Genius Network event.

Thomas founded Century 21 Real Estate Canada Ltd in 1976.  He served as Chairman until he sold his rights in 1987, when the company had $9 billion in annual sales and employed over 8000 sales representatives with over 400 franchises, making it the largest real estate network in the country at that time.

He’s a fountain of wisdom and creates positive energy in all those around him. I think you may enjoy it.

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