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Rick Caruso: “There was a federal consent decree. The federal court was…”

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 09:33

This is one of the greatest lessons I've learned. It was a very, very tough time in Los Angeles. It was right after the Rodney King beatings. There was a federal consent decree. The federal court was literally running LAPD. We had a very, very popular chief of police, a black gentleman, Bernie Parks, very well liked, and a good cop and a good person, not a good manager. (09:33–09:39)

CLAIM

Asserts that the federal court was overseeing the LAPD under a consent decree.

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

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“I was appointed as a commissioner to the Department of Water and Power [in Los Angeles].”
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“I worked under Dick Reardon after that as a commissioner. I worked under Jimmy Hahn as the police commissioner.”
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“I got a Job at the time with the largest law firm in the United States. It was called Finley, Cumble.”
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“The firm went bankrupt.”
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“I started my company, and there was a great assistant that I had, executive assistant named Laura.”
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“We build retail, outdoor retail properties. And we have apartments, and we have a resort up in Montecito.”
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“I was a Republican for many years, and then about 10, 12 years ago, I became an Independent.”
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“I became a Democrat to be more actively participating. And then also I ran for mayor.”
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“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.”
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“We lost an area two and a half times the size of Manhattan.”
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“Every one of those initiatives that we have gone after, the city and the county and the state have accepted.”
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“I think there should be more public and private partnerships just in how the city, the county and the state operate.”
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“There's a lot of rules in government that, frankly, in my opinion, don't serve anybody.”
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“There's nobody that will ever convince me that the level of this disaster had to happen or couldn't have been avoided.”
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“We just went through a project up in Montecito, which is Santa Barbara, where we wanted to build a smaller retail component, some market…”
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“Elected official's number one priority is to be reelected.”
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“Public service is amazing. Go do it. It will be one of the most rewarding things in your life.”
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