In 1997, David Brain co-founded EPR Properties, a real estate investment trust that trades on the New York Stock Exchange. Its market capitalization is about $4 billion.
Brain, 58, is president and chief executive of EPR Properties. The company, based in Kansas City, Mo., develops entertainment-related properties in the United States and Canada, such as multiplex movie theatres.
EL: On your company’s website, you write, “I want everyone to feel free to disagree and to express fresh ideas. I’m more interested in seeking the truth than in being right.” Does that risk hurting your ability to lead?
Brain: I don’t think anybody expects a leader to have a monopoly on wisdom, truth and insight. It’s just not possible. When you hire smart people, you want the benefit of all that. You want that contribution and then let the best idea and approach win. Then it’s your job to marshal resources to make sure things move along the path t...(register to read more)