The Company I Keep

Leonard A. Lauder

The Company I Keep

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21min

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It is the driving force of true passion which provides a solid base for a business empire. In the case of The Estée Lauder Companies, one of the biggest cosmetics companies in the world, the empire is based on the love of its founder Estée for female beauty. The Company I Keep: My Life in Beauty tells the story of Leonard Lauder, Estée’s son and ex CEO. From his childhood spent in hotels before the company was created, to the tumultuous relationship between his parents, to his first success and international recognition, this book is a narrative in which everyone’s private lives are intertwined with the family business. While Leonard grows up, studies, trains with the Marines and prepares to take his place in the company, Estée Lauder gradually became the figurehead of the company we know today. 

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Analysis and key concepts

01.

A love of beauty against a backdrop of America in crisis: Josephine Lauter, a key figure in Leonard’s childhood

02.

Uncle John and Josephine’s first approach to women’s cosmetics

03.

The father figure, his parents’ divorce and the second marriage

04.

A love of art from childhood, to the presidency of the Whitney Museum of American Art

05.

1946 and Estée Lauder Cosmetics: riding the postwar wave

06.

The university years: Leonard gets ready to take his place in the family business

07.

The world of perfume: Estée Lauder decides to sell fragrances

08.

Training and experience in the Marines proved useful for working in the family business

09.

A family company: Estée Lauder at the end of the fifties

10.

Meeting Evelyn and Getting Married

11.

Global markets and cultural differences: the birth of the Joseph H. Lauder Institute of Management and International Studies

12.

Evelyn’s commitment to the breast cancer awareness campaign

13.

An intelligent leadership that helps people grow: the legacy of Leonard Lauder

14.

Quotes

15.

Take-home message

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Many useful tips to:

  • Discover the life of Leonard Lauder and his family, their values and what helped them guide The Estée Lauder Companies through their eighty-year history.
  • Discover how one of the greatest cosmetics companies began.
  • Look back at twentieth century America, and the evolution of the beauty industry.

Leonard Alan Lauder is an American billionaire and heir, along with his brother Ronald, of The Estée Lauder Companies, of which he was the CEO for many years. He is the son of Estée Lauder, who founded the company that bears her name, and he currently holds the role of President Emeritus. During his life, he has devoted himself to many philanthropic causes, and has supported projects in the areas of research, study, and of art. He has held the position of president of the Whitney Museum of American Art, and is a great collector of cubist works, in particular those of Picasso. He lives with his second wife, Judy, whom he married in 2015. His autobiography, The Company I Keep: My Life in Beauty, is his first book.

Publishing house:

Harper Collins

Year:

2020

Pages:

432

ISBN:

978-0062990945