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Why Does Mercedes Refuse a Genius Asshole?

Toto Wolff says an extraordinary scientist or engineer without humility, integrity, honesty, and enthusiasm has no future at Mercedes, and there is no place for a genius asshole.

A fan sees two drivers, a boss in front of a screen, and the mechanics and engineers on the pit wall. About 150 people go to the races, including marketing, and about 90 of them are the technical and operational crew. The works team is two and a half thousand people, with one UK hub for the engine and another for the chassis. Wolff uses a filter like the one he uses for drivers. There are not two superstars. There are two and a half thousand, and he treats them the same way. Mercedes took the pattern from the All Blacks more than ten years ago. The training ground carries a motto against jerks, and Mercedes kept the motto. The aim is to catch a bad fit early. Sometimes it only shows up later.

Transcript

How Toto Wolff built the most valuable team in F1 ·

Cheeky Pint

More from this episode

  1. How Early Can You Spot a Formula 1 Driver?Toto Wolff says a kid's karting shows pretty early whether that kid can become a professional racing driver. Even the tiny ones stand out against their peers.
  2. Why Did the Formula 1 Cost Cap Shrink Long-term Research?Toto Wolff says the Formula 1 cost cap, about 200 and a bit million dollars a year, shrinks long-term lab work because every engineering resource counts…
  3. Why Is Toto Wolff in Two Minds About Formula 1 Rules?Toto Wolff is in two minds about writing the Formula One rules. The innovation part of him, and the engineers he listens to, want free reign.
  4. Was Toto Wolff a Private Equity Investor?Toto Wolff was neither a private equity investor nor a venture capital investor.
  5. How Did Toto Wolff Buy Into the Mercedes Team?Toto Wolff says Mercedes asked him to run the team because a corporate structure was not winning, then helped him buy a stake he could not afford on his own.
  6. Why Can an Owner Take a Longer Bet Than a Hired Boss?Toto Wolff says an owner can make a call and keep the job, while a hired boss who skips the hierarchy can lose the job for the same decision.
  7. How Much Profit Does the Mercedes Formula 1 Team Make?Toto Wolff says Mercedes Formula 1 generates around a billion dollars in revenue and a 30 percent profit margin, about 300 million of EBIT.
  8. Why Does Toto Wolff Refuse to Sell Mercedes?Toto Wolff says none of the owners wants to sell Mercedes shares, because they believe in the long-term path of the team and the sport.
  9. Was Taking Williams Formula 1 Public a Success?Toto Wolff says listing Williams was not a success.
  10. Will the Madrid Circuit Add More Straights Next Year?Toto Wolff thinks the Madrid circuit will change its layout next year to add more straights.
  11. Can Toto Wolff Leave the Team and Still Own Mercedes?Toto Wolff says a clean break is probably not possible if he and his family keep owning the team.

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