926: Distinguishing “The What” From “The How” | Dallas Clement, CFO & President, Cox Enterprises

As listeners to our podcast well know, one of our favorite queries for finance executives who have had a lengthy tenure in one place is, “What kept you there?” It may go without saying that something with the word “opportunity” in it is perhaps the most popular response. Still, for certain finance leaders—and especially those whose careers span multiple decades with a single company—this question often summons up a degree of self-reflection that few others bring forth. Such was the case with Cox Enterprises President and CFO Dallas Clement, who afforded our question an extra modicum of contemplation that we had not expected before issuing some of the best career advice that has ever been shared on this podcast. To be fair, we may have prejudged Clement in assuming that his expansive (33 years) and adventurous career within Cox had unfolded without any degree of uncertainty. However, Clement quickly dispersed our presumptions by unveiling two career snapshots. The first came from the early 1990s, when Clement was contemplating exiting the environs of Cox’s Atlanta headquarters to practice law while living on the beach in Sarasota, Florida. “I had kept deferring law school, but at the time, I thought that this possibility might make for a pretty good life.” Another came from nearly 15 years later, when Clement—now a father with four daughters—was touring homes with his wife in Silicon Valley as he evaluated the relocation possibilities associated with an appointment that he subsequently would reject. “Even if I wasn’t completely happy in my current role, it would have been disruptive to the kids and risky, so I didn’t leave,” explains Clement, who perhaps saves his best observations for those career-builders who like him have elected to stay put. He advises: “Once you’ve gone through that exercise and decided to stay, don’t second-guess yourself. Be all in—not only in your professional role but also more broadly in your life, your family, your outside work activities—because work is what you do, it’s not who you are. Over time, I have learned to be more mature and thoughtful about this. I really appreciate how lucky I’ve been in a variety of areas.” –Jack Sweeney