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CEOs Become CRTs (Chief Risk Takers)

Written by George Anderson

In the numerous discussions had on RetailWire over the years about what it takes to succeed in retailing, one of the common responses has been the willingness of companies to let their people fail, learn from mistakes and quickly move on. And yet, the reality is that many companies operate daily trying to avoid risks both small and large. That's why a recent Sun Sentinel profile on new Office Depot CEO Roland Smith and his penchant for taking risks in his personal and professional life was so interesting.

For those not familiar, Mr. Smith has a reputation for turning companies around. He helped fast feeders Arby's and Wendy's reverse their declines and received high marks from those he led. Outside of the corporate boardroom, Mr. Smith likes to ride motorcycles and climb mountains. He served as a test pilot in the Army.

"Ever since college, I've looked for ways on a regular basis to challenge my own capabilities, to look fear in the face and take a little bit of a risk," Mr. Smith told the Atlanta Journal-Constitution in a Dec. 2009 article. "Because only people who are willing to take risks are truly free."

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