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EoC Day + 1/2 Join us Nov. 7-8 at Creighton University to mutually encourage each other and share best practices.
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Risk Taking & Unique Culture of Cargill

Emery Koenig spent 38 years at Cargill, one of the world's largest privately held agricultural companies, rising from commodity trader to Vice Chairman and Chief Risk Officer. A longtime member of the Focolare movement, Emery integrated his faith and values into every level of his work—from trading posts across the U.S. to senior leadership decisions affecting 160,000 employees worldwide.

Andy asks what Emery is most proud of from his Cargill career. In this clip, Emery describes what drew him to risk management: the principle that risk must always be weighed against rewards, and that both extreme risk-aversion and recklessness are red flags in an employee. He draws on four years of college basketball at the University of North Dakota—risk management was the closest he could get to competitive team athletics. He also describes Cargill's gray-area ethics standard: "If you're not sure, that probably means you shouldn't do it"—and observes that what most often gets people in ethical trouble isn't what they do, but what they do afterward.

  1. Nick says that he has come to realize that practicing business the EOC way does not 'eat into' profit, but rather, it produces a different kind of profit-- long term profit. What do you think that could mean?