What's Happening?
Robert J.R. Follett, former chairman of the Chicago-based Follett Corp., passed away at the age of 97 due to congestive heart failure. Follett spent over four decades with the family-owned bookselling
company, rising to the position of chairman. He was instrumental in the 1982 sale of the company's publishing arm, while maintaining its successful college bookstore operations and wholesale library businesses. Follett was known for his enthusiasm and energy, both within the company and in his interactions with people. After retiring in 1994, he moved to Colorado, where he became the first president of the Keystone Citizens League and worked as a ski guide. Follett also pursued his passion for painting and sculpting, and continued his involvement in book publishing through his one-person business, Alpine Guild.
Why It's Important?
Robert Follett's contributions to the bookselling industry and his leadership in community initiatives highlight the impact of dedicated business leaders on both economic and social fronts. Under his leadership, Follett Corp. expanded significantly, becoming the largest college bookstore operator in North America. His decision to divest the publishing arm was a strategic move that allowed the company to focus on its strengths amid industry consolidation. Follett's post-retirement activities, including his involvement in community action and continued book publishing, demonstrate the lasting influence of business leaders beyond their corporate roles. His legacy serves as a testament to the importance of adaptability and community engagement in sustaining long-term success.
What's Next?
A celebration of life service for Robert Follett is planned for November 15 in Highlands Ranch, Colorado. This event will provide an opportunity for family, friends, and colleagues to honor his contributions to the bookselling industry and his community leadership. Follett's passing may also prompt reflections on the evolution of the bookselling industry and the role of family-owned businesses in adapting to changing market conditions. As Follett Corp. has undergone significant changes, including the sale of its bookstore division in 2022, stakeholders may consider the future direction of the company and the broader industry.
Beyond the Headlines
Robert Follett's career highlights the ethical and cultural dimensions of leadership in family-owned businesses. His focus on employee welfare and his open-minded approach to business challenges reflect a commitment to ethical leadership. Follett's efforts to publish textbooks with racially integrated illustrations in the 1960s demonstrate a forward-thinking approach to inclusivity and diversity in educational materials. His legacy may inspire current and future business leaders to prioritize ethical considerations and cultural sensitivity in their operations.
