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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.

Follow me @JerryBonkowski

Relive championship battle tonight at 7 pm ET on NBCSN — IndyCar Chronicles: Simon Pagenaud

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If you want to relive the excitement of the 2016 Verizon IndyCar Series championship battle between Simon Pagenaud and Will Power, make sure to tune in tonight at 7 p.m. ET to IndyCar Chronicles on NBCSN.

“IndyCar Chronicles: Simon Pagenaud” is the final episode of this year’s show and features interviews with the two Team Penske teammates as they break down before, during and after the season-ending GoPro Grand Prix of Sonoma.

Pagenaud dominated the season, winning five of the series’ 16 races, and put a bow on his first-ever IndyCar championship by winning the season finale at the picturesque road course north of San Francisco.

Power, who was seeking his second IndyCar championship (in three seasons), missed the first race of the season due to a health issue, but still bounced back to win four races in the season and was Pagenaud’s primary challenger heading to Sonoma.

Unfortunately for Power, a mechanical issue that his car suffered in the race paved the way for Pagenaud to win both the event and the championship.

Check out the video above for a two-minute preview of tonight’s show.

Previous editions of IndyCar Chronicles can also be viewed on YouTube.

Follow @JerryBonkowski

Simon Pagenaud had The Force with him in winning IndyCar championship

The Force was definitely with Simon Pagenaud when he won the Verizon IndyCar Series championship on Sept. 18.
(Getty Images)
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So, Simon Pagenaud DID have an extra advantage when he won his first Verizon IndyCar Series championship on Sept. 18.

Pagenaud had The Force with him – no, we’re not talking about NHRA legend John Force – but rather The Force from Star Wars.

Our friends at IndyCar.com revealed in a story Wednesday that Pagenaud was part of a Verizon-sponsored advertisement for the popular “The Star Wars Show” on YouTube.

Show hosts Andi Gutierrez and Peter Townley tried to draw a connection between IndyCar racing and the popular Star Wars movie franchise.

“Star Wars is all about things going fast, spaceships (and) pod racers,” Townley said.

Added Gutierrez, “Right, it’s a natural connection.”

They interviewed Pagenaud at Sonoma Raceway, where the French driver would go on to win the championship later that weekend.

“I love this racetrack because it’s very difficult to get right,” Pagenaud said. “It’s quite slippery. You might experience up to 4Gs. Unleash the beast inside of you – and use The Force.”

See, we told you Pagenaud had an extra advantage.

It’s not surprising that Sonoma Raceway caught the attention of the show, given that George Lucas’ famed Skywalker Ranch is only about 20 miles from the racetrack.

Speaking of which, in one of the strangest Star Wars trivia contests we’ve ever heard of, both Townley and Gutierrez were peppered with questions about the film series while they “toured” the 2.385-mile racetrack at speeds of around 110 mph.

In addition to giving the answers, there was quite a bit of screaming from the hosts during the ride, with IndyCar driver Gabby Chaves and Indy Lights pilot Zach Veach serving as chauffeurs in the two-seat INDYCAR Experience car.

Who knows, maybe the next Star Wars film may include Indy cars in it instead of pod racers or TIE fighters. And instead of a lightsaber, maybe they could use the buttons on an IndyCar steering wheel to shoot all the menaces of The Empire.

Follow @JerryBonkowski

New York, Montreal switch dates on revised Formula E calendar

Formula E New York Press Conference Event.
New York, New York, USA.
Tuesday 20 September 2016.
Photo:  / FE
ref: Digital Image _L5R5688
© Formula E
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The planned Formula E races in New York City and Montreal have swapped dates on a revised calendar for the all-electric series’ third season issued by the FIA on Wednesday.

On the first calendar issued by Formula E over the London ePrix weekend in July, Montreal was slated for July 15-16 with New York set on July 29-30.

The New York race was officially launched last week, but no date was set amid ongoing discussions regarding its best placement.

Following a meeting of the World Motor Sport Council this week, a revised calendar for season three has been revealed with New York moving to the July 15-16 weekend.

Montreal now becomes the season finale on July 29-30, with both races remaining double headers and subject to the track being homologated.

The calendar also sees the removal of the two ‘TBA’ rounds, understood to be Singapore and London, leaving a 12-race calendar set for season three.

The new campaign starts in Hong Kong on October 9.

2016/17 Formula E calendar

1. Hong Kong – October 9
2. Marrakesh – November 12
3. Buenos Aires – February 18
4. Mexico City – April 1
5. Monaco – May 13
6. Paris – May 20
7. Berlin – June 10
8. Brussels – July 1
9. New York – July 15
10. New York – July 16
11. Montreal – July 29
12. Montreal – July 30

FIA confirms new wet start procedure for Formula 1 in 2017

MONTE-CARLO, MONACO - MAY 29:  The safety car drives ahead of the field including Daniel Ricciardo of Australia and  Red Bull Racing, Nico Rosberg of Germany and Mercedes GP and Lewis Hamilton of Great Britain and Mercedes GP and Sebastian Vettel of Germany and Ferrari  during the Monaco Formula One Grand Prix at Circuit de Monaco on May 29, 2016 in Monte-Carlo, Monaco.  (Photo by Dan Istitene/Getty Images)
© Getty Images
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The FIA has confirmed a new wet start procedure for Formula 1 from the 2017 season, as approved by the World Motor Sport Council at its meeting this week.

Following criticism of races starting behind the safety car in heavy rain that denied fans the chance to see a proper standing start, the FIA will tweak the sporting regulations accordingly.

“A new procedure regarding wet weather starts was accepted,” a statement from the FIA reads.

“From 2017, if a safety car is deemed to be required for the beginning of a race due to wet weather, a normal standing start will occur once the track is deemed safe to race.

“The process will see the safety car return to the pit lane and the cars assemble on the grid for the start.”

The change will be in force from next year’s season-opening Australian Grand Prix on March 26, as confirmed on the provisional calendar also announced by the FIA on Wednesday.

Other changes approved by the WMSC at its meeting include a relaxing of the ban on helmet designs, an end to stockpiling of power unit components and a standard issue of tires for the early part of the season.

“Drivers must continue to present their helmets in substantially the same livery at every event of the FIA Formula 1 World Championship for easy recognition of the driver in the car,” the FIA statement reads.

“However a driver will now be allowed one event (such as a home race) for a special livery (at the driver’s choice). Drivers will also be allowed to change their helmet liveries if changing teams during the season.

“During any single event, if a driver introduces more than one of a power unit element that is subject to penalty, only the last element fitted may be used at subsequent events without further penalty. This is to prevent the stockpiling of spare power unit elements.

“For the first five events of the 2017 Championship season only, the normal team selection procedure for tires will not be used as the deadline occurs before pre-season testing.

“For these events the supplier will allocate two sets of the hardest compound specification, four sets of the medium compound specification and seven sets of the softest compound specification to each driver.”

You can read the full statement from the FIA here.