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Rick Caruso: “I became a Democrat to be more actively participating. And…”

Featuring: Rick Caruso, Founder and Former CEO of Caruso | California

Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business

Published May 12, 2025 | Video Starts at 06:21

I don't think that should be the rule, but that is a rule. So then I became a Democrat to be more actively participating. And then also I ran for mayor. Listen, I look at it this way. I don't. I don't find myself to be an ideologue at all. (06:21–06:29)

CLAIM

Asserts that Rick Caruso became a Democrat to participate more actively and ran for mayor.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.

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Rick Caruso

“We got crime down to levels not seen since 1950.”
Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business | Uploaded May 12, 2025 | 10:42-10:46
“I was appointed as a commissioner to the Department of Water and Power [in Los Angeles].”
Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business | Uploaded May 12, 2025 | 01:11-01:17
“I worked under Dick Reardon after that as a commissioner. I worked under Jimmy Hahn as the police commissioner.”
Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business | Uploaded May 12, 2025 | 02:02-02:09
“I got a Job at the time with the largest law firm in the United States. It was called Finley, Cumble.”
Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business | Uploaded May 12, 2025 | 03:02-03:08
“The firm went bankrupt.”
Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business | Uploaded May 12, 2025 | 03:19-03:21
“I started my company, and there was a great assistant that I had, executive assistant named Laura.”
Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business | Uploaded May 12, 2025 | 03:49-03:58
“We build retail, outdoor retail properties. And we have apartments, and we have a resort up in Montecito.”
Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business | Uploaded May 12, 2025 | 04:12-04:21
“I was a Republican for many years, and then about 10, 12 years ago, I became an Independent.”
Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business | Uploaded May 12, 2025 | 06:01-06:06
“There was a federal consent decree. The federal court was literally running LAPD.”
Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business | Uploaded May 12, 2025 | 09:33-09:39
“When you're a public official, whether you're appointed or whether you're elected, it's your job to serve the residents of Los Angeles.”
Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business | Uploaded May 12, 2025 | 11:31-11:41
“We lost an area two and a half times the size of Manhattan.”
Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business | Uploaded May 12, 2025 | 13:52-13:58
“Every one of those initiatives that we have gone after, the city and the county and the state have accepted.”
Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business | Uploaded May 12, 2025 | 14:42-14:48
“I think there should be more public and private partnerships just in how the city, the county and the state operate.”
Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business | Uploaded May 12, 2025 | 15:15-15:22
“There's a lot of rules in government that, frankly, in my opinion, don't serve anybody.”
Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business | Uploaded May 12, 2025 | 16:59-17:05
“Palisades had a big percentage of people that lived there, that had lived there for 30, 40, 50 years, that were underinsured, maybe house…”
Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business | Uploaded May 12, 2025 | 21:38-21:56
“There's nobody that will ever convince me that the level of this disaster had to happen or couldn't have been avoided.”
Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business | Uploaded May 12, 2025 | 22:26-22:36
“We just went through a project up in Montecito, which is Santa Barbara, where we wanted to build a smaller retail component, some market…”
Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business | Uploaded May 12, 2025 | 24:45-25:04
“Elected official's number one priority is to be reelected.”
Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business | Uploaded May 12, 2025 | 28:21-28:25
“Public service is amazing. Go do it. It will be one of the most rewarding things in your life.”
Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business | Uploaded May 12, 2025 | 30:20-30:28