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From three piece suits to sweat suits one chairman is stepping off Wall Street and onto the grid iron to challenge one of sport's toughest competitors.
Joseph locally as chairman of TD Ameritrade he just -- is going to be the president and head coach of the united football league's newest team.
The Virginia had -- for our errors and you know don't just about from Omaha Nebraska Joseph good to see you.
Hi Liz good to see you -- one minute.
For years I've been grilling you about earnings and trading activity not to switch and go all Terry Bradshaw on you I can't believe this are going to be the UFL tell us about -- Well the UF fell itself has been around now it's in his second year end -- I will be coach in the destroy your team for 2011.
And they've got some great coaches in the league you've got guys like Danny Green and that Jim fossil Chris Palmer Geoff Jenkins is -- isn't he.
And and Jay gruden and frankly those guys most of them have competed in Super Bowls they've won numerous NFL games.
And that big big big guy they bring tremendous experience and frankly I think credibility for the league.
The league itself was kind of founded on the principle that it's going to provide a wonderful product on the field a lot of entertainment at a very very affordable price.
And in cities where the.
NFL doesn't have a presence.
You know I knew you wanted to get back to coaching because you've been doing some work with the University of Nebraska -- but we talked specifically in the past about you going to college ball teams.
This of course is going to the US fell is a big leap of faith because -- -- fell as the little guy in this fight while the NFL as the big guy but.
The thinking here you just mentioned a lot of famous players who let that used to play for the the NFL and so you've got high quality players.
These teams and cities that don't have an NFL team but this particular move what does it mean for you and how do you think that -- transition.
From being a CEO or chairman I mean you're big -- at Merrill Lynch for many years before TD Ameritrade.
27 years since your last coaching job at -- how do you go back to that.
I think in the end of the day lose when you really think about the skill sets that a business we are supposed to happen really very similar to that of a football coach.
You've got to be able motivate people you've got to be able unite and excite.
Need to have you need to know how to organize you need to be able -- yourself on the pressure.
You'd understand what your competition if you need to be able rallying your troops around a particular mission.
You have to know how to hire you have to know how how how to how to how to how to how to how to get people to really believe -- something to be able go after.
If I were giving that talk to a group of football coaches they would say guess what that's exactly what we need to do.
In a group of football coaches getting -- -- group business leaders or the business we do it's I guess what that's we've got to do to the thing that's different is the product.
But the actual skill sets you need to to lead and either very or really pretty much the same.
Well look at let's not forget the egos of football players that's a -- a little different maybe maybe not the business world but.
The U -- specifically when there is no TD Ameritrade the league lost about thirty -- that got out Liz yeah.
Lizard guy got to just stop you for a second okay that you just suggested.
That there are no -- on Wall Street up.
-- -- -- -- -- -- -- -- -- -- I think that's does -- carry over there as well that's -- and our all of pretty good shape yeah but not in doubt no ego there.
I'd tell him referring to -- -- -- as we go okay if this until and I go way back we're allowed to do this with each other but the leak OK it lost thirty million dollars last year while the NFL got in about nine billion dollars so.
He yes you've got the stars yes you've got some real -- for example Daunte Culpepper was a first round draft pick 1999 -- -- he led the vikings to the 2000 NFC championship but.
He have a knee injury that it comes to you guys but how do you.
Short of praying every night that the NFL will go -- -- how do you road this operation.
Well I think you go back and -- -- you -- of doing as far as business goes you want to be able to provide a great experience for your client base.
-- -- -- go back into the philosophy the league who did last in the league is not to take on the NFL frankly.
That's not the idea at all but you provide but not everybody is able to play in the NFL so you've got.
Coaches and players.
That look forward to the -- to be present potentially getting back to the NFL be able play there many of them have already played there.
They are wonderful athletes -- wonderful players that -- well coached you put a great product on the field with entertaining.
And again you do it at a very affordable price and you do it in -- environment.
That doesn't have an NFL president.
So so you're not really competing directly at all with the NFL but I think it's a wonderful compliment to the communities.
In which the franchise's -- -- yes I think so -- will will be watching for the Virginia destroyers if -- make it -- to Virginia gonna go to one of the games Joanna and on this day on veterans day before we let you go.
We wanted to thank your father who served in the military and you know it would have been his birthday today wouldn't -- have been.
Listen to today today's his birthday that's right my dad died about three -- -- alzheimer's and and he represented our country world war two and -- for us in Europe and I'm proud that you were able to say that and I thank you very very much -- that -- -- classic come much deserved for.
Or anybody who has served this country thank you so much Joseph Moakley -- chairman of TD Ameritrade.
And the president and head coach of the united football -- Virginia destroyers checked with the owner before you cut players though you know you want what happened in -- -- have.
Just just say I think -- that there have I don't feel like they don't have good luck good luck.
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