Study: NASCAR drivers, CEOs share similar talents

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NASCAR drivers are known for trading paint, spinning out rivals and are seemingly always ready for a fight.

And those are just some of the same elements that NASCAR drivers share with CEO’s of some of the best middle-market companies, according to a story on AllCapCorp.com.

Citing a study by Statistic Brain that compares what would seem like diametrically opposite fields, AllCapCorp.com noted “accomplished CEOs and NASCAR drivers are often recognized as the top performers in their respective industries, and they possess the courage to make complex decisions when challenges arise.”

Here are the top 6 shared similarities between those driving companies and those driving stock cars:

1. Cultivate the right combination of strategic talent to propel them to victory.

The study cited six-time Sprint Cup champion Jimmie Johnson, team owner Rick Hendrick and crew chief Chad Knaus for their ability to recruit and hire the most talented and successful personnel “to do one thing – WIN.”

2. Possess the perseverance to rise from the ashes.

The example that Statistic Brain cited here is the resurgence of 2004 Cup champ Kurt Busch, who lost his ride with Team Penske after the 2011 season and how he’s rebuilt himself and his career since.

As Statistic Brain noted, “Like many middle-market CEOs, ‘the Outlaw’ wasn’t ready to give up his dreams when the world thought he was finished. Recognizing that his setback was driven by his own limiting behavior, he gave himself a ‘tune-up.’ … When facing such adversity, top CEOs act no differently. They are willing to work hard and develop creative solutions that allow them to overcome the most difficult of challenges.”

3. Learn from their mistakes.

The elder Busch brother was again cited, along with A.J. Allmendinger, who was suspended by NASCAR for failing a drug test in 2012.

Said Statistic Brain, “Savvy CEOs also understand the importance of learning from their mistakes and making adjustments when major setbacks ensue.”

4. Know that sometimes it pays to be friendly with the competition.

It’s better for drivers to be friends than enemies in NASCAR, because you can never have enough friends, particularly at places like Daytona and Talladega, where the nature of restrictor plate racing has led to a “one for all, all for one” mentality for many drivers.

It’s there that you see Ford drivers work with Toyota drivers, Chevy drivers with their Ford counterparts, and so forth.

“The same holds true for top CEOs who make alliances with the competition or seek synergy through middle-market mergers and acquisitions,” Statistic Brain said. “The best CEOs recognize their firm’s key strengths and weaknesses, as well as those of other players in their industry. This insight allows them to maintain integral relationships that drive optimum results and secure long-term success.”

5. It’s a family affair.

Not only is NASCAR still owned and operated by the France family, the sense of family as a whole is one of the most important elements of the sport.

That’s why so many drivers follow in the footsteps of their own racing fathers, with famous surnames such as Earnhardt, Elliott, Jarrett, Petty and more. Likewise, family is a key component of fandom in the sport, with oftentimes three generations of families attending races together at tracks around the country – or watching races together on TV at their own homes.

Said Statistic Brain, “Like NASCAR, many middle-market CEOs treat their businesses like a family, where multiple family members work together to run a company and make decisions about its future.”

6. Know it’s best to go out on top.

NASCAR drivers go through a lot in their careers. But the most difficult time is when they decide to hang up their firesuit for the final time and retire from full-time driving.

The Statistic Brain study cited Mark Martin and a story about him by FoxSports.com in 2013, in which Martin said, “No matter how hard you work at it, eventually Father Time will extract its toll from your skills.”

Added Statistic Brain, “Smart business owners know that the best time to sell is when their business is still going strong, and they can offer valuable insight during a transition to new ownership. They have a solid exit strategy in place, and are ready to pull the trigger and sell a business when the time is right.”

Unfortunately, some drivers remain in the game far too long and by the time they eventually do retire, many of their earlier-career successes and achievements are forgotten and replaced by the difficult struggles those same drivers had getting to their end-game.

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Rosberg, Button soak up their first weekends out of F1 (PHOTOS)

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Since 2008, Lewis Hamilton and Sebastian Vettel have won seven World Championships. The two drivers that won titles in that period not named Lewis Hamilton and Sebastian Vettel – Nico Rosberg (2016) and Jenson Button (2009) – were both enjoying their first weekends not on a Formula 1 grid for the first time in more than a decade this weekend as the 2017 season commenced at Melbourne’s Albert Park.

Rosberg made a visit to preseason testing in Barcelona a few weeks ago for his first appearance as spectator since winning the World Championship. But he watched from home this weekend with his family and posted a few thoughts during both qualifying and the race:

We’re now quite familiar with Rosberg’s home TV set and coffee table. This is the first time Rosberg has been out of an F1 race since 2005, the year he won the first GP2 championship.

Button meanwhile paid a visit to California for the Monster Energy NASCAR Cup Series weekend at Auto Club Speedway in Fontana… once he got off his couch. He checked in with seven-time champion Jimmie Johnson at Fontana.

Do you guys know if there's anything good to watch on tele this weekend? @storm_and_rogue_pomskies

A post shared by Jenson Button (@jensonbutton_22) on

Given McLaren Honda’s struggles, Button is probably smart to have got out when he did. He’d been on the grid since 2000!

Meanwhile for Rosberg, he watched as Mercedes was unable to win the season opener for the first time since 2013.

DJR Team Penske wins three of four Supercars races at Melbourne

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DJR Team Penske has won its first Virgin Australia Supercars Championship races over the weekend during the Australian Grand Prix, with Scott McLaughlin and Fabian Coulthard taking the first three wins in the four-race, non-championship race weekend.

While Penske’s teams have long succeeded in North America and have had some international success, notably a Formula 1 win at the 1976 Austrian Grand Prix with John Watson, success has thus far eluded them since arriving in Supercars two years ago as majority shareholders of Dick Johnson Racing.

McLaughlin had the honor of beating Coulthard to the first win in race one of the weekend, before Coulthard doubled up with wins in races two and three. The first two races were one-two finishes, though, and McLaughlin said he’d received a text from Roger Penske in the wake of the victory.

“I got a text from Roger straight away and they’re all pretty happy,” McLaughlin told Supercars.com.

“They’re thanking me but I should be thanking them for giving me the opportunity.”

The first race was marred by this incident between Nick Percat and Lee Holdsworth, Percat having lost his brakes entering Turn 1 and crashing into Holdsworth, who was an innocent bystander.

But once the race resumed, McLaughlin held off Coulthard for the victory.

Coulthard led from start-to-finish in race two after his second straight pole position. He did the same in race three, albeit not in a Penske 1-2 as Jamie Whincup came second for Red Bull Holden Racing Team Commodore. McLaughlin was third.

A left-front puncture stopped Coulthard making it three in a row in the fourth race, and with steering damage, McLaughlin was resigned to 17th. Chaz Mostert took the win his Supercheap Ford, ending his own winless spell that dated to August of 2015.

Also of note from the weekend, ex-IndyCar driver Simona de Silvestro in her Team Harvey Norman Nissan Altima finished 13th in race one, her best finish yet in her first full season in the series.

The Supercars series is back in action at Symmons Plains Raceway on April 7-9.  Coulthard sits second in the series championship, 51 points back of Whincup’s teammate, Shane van Gisbergen.

Friday’s first test at Indy got month of May prep underway

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Last Friday saw the Verizon IndyCar Series take to the Indianapolis Motor Speedway for the first time in 2017, with a Honda manufacturer test and Team Penske team test occurring on a warm, if windy, day at the 2.5-mile oval.

There’s always some elements to be learned from the test but considering the wind plays such a role at IMS, it was hard to read too much into the speeds, which Honda did release afterwards.

For what it was worth, Graham Rahal led the way in his No. 15 Penngrade Honda for Rahal Letterman Lanigan Racing at 227.182 mph, or 39.6159 seconds.

The speeds and times released by Honda are below. Team Penske, in a team test, opted not to release its times. For the Schmidt Peterson Motorsports pair, James Hinchcliffe didn’t run in the afternoon owing to the high wind gusts while Mikhail Aleshin ran only limited laps.

Practice for the 101st Indianapolis 500 presented by PennGrade Motor Oil begins on Monday, May 15.

SPEEDS

1. 15-Graham Rahal, 227.182
2. 9-Scott Dixon, 226.126
3. 10-Tony Kanaan, 225.794
4. 83-Charlie Kimball, 222.890
5. 8-Max Chilton, 221.829
6. 5-James Hinchcliffe, 220.049
7. 7-Mikhail Aleshin, 219.191

PHOTOS (all via IndyCar)

DiZinno: Dear Chip, you like winners… and Larson at Indy could be one

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Remember when you occasionally wrote open letters requesting things in hopes they could one day come true? Here’s my open letter for May, 2017, which I address to one of this country’s most successful racing team owners in Chip Ganassi.

Dear Chip,

Hi, it’s me, Tony. We’ve had occasional interactions as part of media roundtables in the past. I’m the young one in these sessions who could probably be misidentified as a PR type.

But because I have had some PR experience in the past, and because I like to think I’m somewhat knowledgeable about options that could try to help move the needle for the Verizon IndyCar Series, I would like to suggest a storyline that I’m sure you’ve thought of but never fully pulled the trigger on.

Kyle Larson. In a fifth Ganassi IndyCar this May for the 101st Indianapolis 500. Doing “The Double.”

You like winners. This is one hell of a winning storyline, and thanks to Larson finally getting his first Monster Energy NASCAR Cup Series win of the season on Sunday in his home state of California, at Fontana’s Auto Club Speedway, I think the door should be open for him to do so.

It’s one of two big-ticket races that Chip Ganassi Racing Teams participates in that Larson hasn’t done yet, the other being the 24 Hours of Le Mans. And with no disrespect to the French endurance classic this summer, Larson’s not realistically going to bring as much potential buzz there as he would for a race that needs another spark or big-time storyline this year.

But Indy? Indy needs Larson. And it needs something that will enhance the storylines that are on the verge of happening this year, which are great inside the largely Indiana-heavy bubble of IndyCar observers and fandom, but don’t really penetrate the national sphere beyond that.

Larson is at the phase in his NASCAR career where he’s just now entering that potential stratosphere – he’s finished first, second or third in six of the last seven races, and the only time he didn’t was when he was leading the Daytona 500 but ran out of fuel on the final lap.

Like Kurt Busch in 2014, he’s got a win early in the season, which also will guarantee his spot in the NASCAR playoffs provided he makes an attempt to start every race (or even if he doesn’t, as there have been occasional exemptions the last couple years) and stays in the top-30 in points. Considering he’s leading the points right now, he should be fine there. With a win, he can afford to have one or two off weekends results-wise… even if the prospect of him doing the “double” with the Indianapolis 500 and Coca-Cola 600 on the same day means he could still star in both.

Larson is also used to the frenetic travel schedule of racing in one place one day, another place the next day, so on and so forth from his short-track days. It’s how he entered the NASCAR radar to begin with and why he entered with as much hype as he did. You already have a partnership with Cessna; getting Larson to-and-from Indianapolis and Charlotte from a logistics standpoint could be organized.

And here’s the thing that’s really exciting to think about – Larson is an absolute animal in cars with low downforce. It’s part of why he’s succeeded as much as he has in NASCAR this year, as the package has changed to a primary low downforce setup.

You need to have some downforce in an IndyCar, particularly at Indianapolis, but the prospect of Larson hanging out an IndyCar planted – or sideways – at 230-plus mph is utterly tantalizing. How much would Larson dare to trim out? We can only dream.

He’s won races for you in other series before. Beating a field of sports car full-timers at the Rolex 24 at Daytona meant he had to do at least three or four hours of drive-time, if not more, to help carry a car to victory which he did with Scott Dixon, Tony Kanaan and Jamie McMurray in 2015. So he already knows the fabric of what it’s like to work with Dixon and Kanaan.

Kimball, Larson and Ganassi last May. Photo: IndyCar

He made a cameo appearance last year on a practice day when Charlie Kimball changed his number from 83 to Larson’s NASCAR number of 42 to go along with a promotion for his partner, Tresiba. It was a fun story, but it wasn’t nearly as big as if it had been Larson in a 42 car in May. Here’s what Larson said at the time.

“I would love to. I was always a big Indianapolis fan growing up. I think mainly because my dad is a huge Indianapolis 500 and IndyCar fan.

“To me, I think this is the biggest race in the world by far. Yeah, I would love to race it someday, you know, be driving for Chip Ganassi Racing. He’s got so many different types of vehicles, you hopefully get the opportunity to run someday.

“Been lucky enough to run in the Rolex 24-hour race and win that. It would be incredible just to start the 500 someday in my future. But it’s more up to the guy to my left than me.

“He’s been a great car owner for me. Hopefully someday, after I win a Cup race, two, or three, a championship, I can run the Indianapolis 500.”

DAYTONA BEACH, FL – JANUARY 25: The #02 Chip Ganassi Racing with Felix Sabates Target/Ford EcoBoost Riley driven by (l-r) Tony Kanaan, Kyle Larson, Jamie McMurray and Scott Dixon receive Rolex watches after winning The Rolex 24 at Daytona at Daytona International Speedway on January 25, 2015 in Daytona Beach, Florida. (Photo by Jerry Markland/Getty Images)

Since the time of that quote, May 16, 2016, Larson’s won two Cup races – one last year at Michigan and now one yesterday in Fontana. He could and should well be a championship contender this year.

Here’s where we get to the important part of the pitch though: the commercial value in the deal. And the reason you’re as successful as you are is that you’re good at business, for your partners.

I can tell you it’s not good for business that we’ve talked and written ad nauseum about Scott Dixon – one of the greatest drivers of his generation – not having a full-time sponsor announced yet to replace Target, which left the IndyCar side of the program at the end of 2016 after supporting your team for 27 years. In your words at Mid-Ohio last year, Target was the “greatest sponsor ever.” But yet here Dixon’s been in a plain white car, which quoting the POTUS if I may, is “Sad!”

Could Target be convinced to come back for one more ‘go-round at Indianapolis, with a car that we expect is going to be a better fit for the 2.5-mile Speedway with the Honda aero kit and engine than it was last year with your competitor?

Or could Cessna, which hasn’t had its own primary sponsorship effort in an Indianapolis 500, be persuaded to step up as a natural primary backer of an effort that will require many Cessna air miles to make it happen?

LONG POND, PA – JUNE 2: Kyle Larson, driver of the #42 Cessna/NTT Data Group Chevrolet, practices for the NASCAR Xfinity Series Pocono Green 250 at Pocono Raceway on June 2, 2016 in Long Pond, Pennsylvania. (Photo by Jeff Zelevansky/Getty Images)

You’re already very good at navigating the field to where you can run Hondas in IndyCar, Chevrolets in NASCAR and Fords in sports cars. I don’t know how you do it but I’m impressed that you can maintain successful relationships with the manufacturers that allows you to pull this off.

Since Busch ran a Honda in his 2014 Indianapolis 500 outing and a Chevrolet in NASCAR, the driver/manufacturer crossover has been successfully navigated once before. That Rolex 24 win in 2015? That was in a Ford… and Larson drives a Chevrolet in NASCAR, so he’s worn different manufacturer gear in the past as well.

And Honda will likely need to run 18 cars to make up the field of 33 this year. You can tentatively pencil in 17 of those 18 cars, but one of the existing teams is almost guaranteed to have to add an extra car in order to ensure there’s enough entries.

You’ve got the crew from your sports car program – your team ran a fifth car as recently as two years ago for Sebastian Saavedra alongside the full-time four. Many of that crew came from the IndyCar side to begin with. Brad Goldberg could engineer the thing because he’s helped Kimball to success in the past, including his lone IndyCar race win.

And with no disrespect to Saavedra, Larson would be better for the overall business and buzz of the race.

You guys won this year’s Rolex 24 at Daytona for Ford, after having won Le Mans in June, which completed a back-to-back sweep of 24-hour races.

But because a certain old “retired” driver won in a Cadillac, and that overshadowed his own co-drivers, the Ganassi/Ford win at Daytona didn’t generate as much ink as it could have.

You like winners. I like writing about winning storylines.

Larson’s stock and availability given the factors at play isn’t likely to be as high as it is now to run an extra car for this year’s Indianapolis 500.

Michael Andretti and Roger Penske can’t generate all the attention at Indianapolis this May, Andretti as the defending champion owner and Mr. Penske with five cars for the first time.

They both will be running five cars. Why not you, as well, to match?

If you can make it happen, Chip, it might be the biggest win IndyCar gets this season.

Yours sincerely,

TDZ