James P. Liautaud

Jim Liautaud

James P. Liautaud with his son, Jimmy John's owner Jimmy John Liautaud.
Born James P. Liautaud
(1936-10-19)October 19, 1936
Chicago
Died October 23, 2015(2015-10-23) (aged 79)
Family cabin in the North Woods of Wisconsin
Nationality American
Alma mater University of Illinois at Urbana/Champaign (BSIE), Chicago School of Professional Psychology (hPsy.D, Business Psychology)
Occupation Entrepreneur
Founder of The Liautaud Institute
Clinical Professor University of Illinois at Chicago
Website www.liautaudinstitute.com
James P. Liautaud's son, Jimmy John Liautaud

Jim Liautaud (October 19, 1936 - October 23, 2015) was an industrialist, inventor and business theorist.[1]

Early life and education

Liautaud grew up in Chicago[2] and served in the US army in Korea. He received a Bachelor of Science degree in 1963[3] in mechanical engineering from the University of Illinois,[1] at Urbana-Champaign.[4]

Career

Business

He began his business career as a door-to-door salesman selling books for the Grolier Encyclopedia company.[1] He founded a company while still in college; negotiating with Time Life to sell their magazines on campus, and ended up hiring 150 salespeople.[2]

During the late 1960s Liautaud became a pioneer of a new technology called composite molding. He became the president and co-owner of the Capsonic Group in 1968,[3] which manufactured plastics and electronics in Elgin, Illinois. Being African American, Liautaud was one of the top minority executives in Chicago at the time.[5] He launched other companies in Elgin over the years, including American Antenna Company, which made the equipment for the citizens’ band radio industry, and K40 Electronics, which built a radar detector designed to allow drivers to detect when their speed was being monitored by police.

In 1983 Liautaud gave his son James John Liautaud (Jimmy John) the seed money to start his own business, which grew into Jimmy John’s sandwich stores.[4] He is the founder of Gabriel, Inc.[3] He also was the founding Investor in two insurance companies, Raffles and National Interstate; and Blue Rhino,[1][6] a gas distribution company. The latter two are now public companies. In all, Liautaud started and ran five companies before reaching his mid-50s.[2]

When he reached age 55, Liautaud had an “epiphany,” and took a two-year sabbatical after selling off his companies. He toured the US by motorcycle, read books on history, psychology and sociology. By the end of that break, he decided what his next step was, to become an academic to research the impact that psychology and social interactions have on the success of chief executives.[2]

Inventing

In 1970 he received a patent for a molding process that he developed for General Instruments.[3] In 1974 he invented and manufactured the coin counter, which was used on all Western Electric single-coin pay phones.[3] He was one of the early pioneers of ISO processes used in manufacturing the first air-bag sensors.[7] During this time period Liautaud received between 60 and 80 US patents as well as many design awards.[1][3][8]

Academic career

After Liautaud sold his businesses, and after a two-year hiatus, he joined the faculty of the University of Illinois at Chicago.[1] He created and funded the Liautaud Graduate School of Business at the University of Illinois-Chicago.[4] He developed a training methodology called PdEI, which helps chief executives implement the principles of positive psychology in the work place.[2]

Organizations

He launched several organizations, including the Liautaud Institute.[4] He also founded and funded the Liautaud Graduate School of Business.[2] He founded two organizations serving CEO's; Young President Organizations (YPO) WindyCity Chapter[9] and the Chicago Family Business Council.[10]

The Liautaud Institute

The Liautaud Institute was funded by Liautaud as a "use-inspired" research institute dedicated to researching and engineering proven solutions, leveraging people's biogenetic needs to create a happier, more effective workforce. At the Institute he engineered processes and proven learnable habits that are steeped in effective research, and use a methodical approach inspired from manufacturing practices (ISO) to create consistent, repeatable and viral change.[11] The Liautaud Institute has been ranked as one of the top 40 Executive Education classes along with Northwestern (Kellogg), MIT (Sloan), Columbia (Business School) and others.[12]

Recreation

Liautaud participated in the creation of the Cannonball Run car race. In 1986, what had previously been an informal 400-mile race of high-performance cars became the legal Cannonball Run.[1]

Death

Liautaud died of pancreatic cancer on October 23, 2015,[4] at the age of 79, at the family cabin in the North Woods of Wisconsin.[1]

Personal life

While attending the University of Illinois Liautaud met his wife ‘Gina’ Gudaityte Liautaud, to whom he was married for 54 years.[1] Liautaud had four children, Greg, Jimmy John, Robert and Lara.[4]

References

  1. 1 2 3 4 5 6 7 8 9 Gathman, Dave (14 November 2015). "Elgin-area industrialist James Liautaud lived a fast life — in many ways". The Courier-News. The Chicago Tribune. Retrieved 9 June 2016.
  2. 1 2 3 4 5 6 ESSICK, KRISTI (17 October 2009). "Profiles in Later Life". Wall Street Journal. Retrieved 9 June 2016.
  3. 1 2 3 4 5 6 "Distinguished Alumni Awards". Engineering.illinois.edu. 31 December 2005. Retrieved 9 June 2016.
  4. 1 2 3 4 5 6 Rohr, Lauren (2 November 2015). "Jimmy John's founder recalls dad's zest for life". Daily Herald. Retrieved 9 June 2016.
  5. ↑ "Father of Jimmy John's owner dies, helped found business".
  6. ↑ "THE SECURITIES ACT OF 1933 BLUE RHINO CORPORATION". Securities and Exchange Commission. 10 March 1998. Retrieved 9 June 2016.
  7. ↑ "The freshman class of '93.: CAPSONIC GROUP INC.". The Free Library. 1 June 1993. Retrieved 9 June 2016.
  8. ↑ "Patents by Inventor James P. Liautaud". Justia Patents. Retrieved 9 June 2016.
  9. ↑ "About YPO-WPO The premier global leadership network". YPO Chicago Chapter. Retrieved 9 June 2016.
  10. ↑ "WHY CFBC". Chicago Family Business Council. Retrieved 9 June 2016.
  11. ↑ "A Use-inspired, Positive Change, Research Institute". The Liautaud Institute. Retrieved 9 June 2016.
  12. ↑ "2013 Leading Executive Education Programs". Chief Executive. 1 October 2013. Retrieved 9 June 2016.
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