BIG FALL FOR THE BIG CAT: DECADES OF ADMIRATION AND RESPECT QUICKLY DISINTEGRATE FOR A FAMED NORTH CAROLINA LEADER.

• Author: Mildenberg, David
• Position: UPFRONT - Editorial

Leadership is this issue's theme, prompting lots of thinking about the subject. In the process, I considered Carolina Panthers owner Jerry Richardson, who has drawn massive attention since a December Sports Illustrated report about alleged workplace misconduct.

For decades, the Nash County native ranked among our state's most esteemed leaders. The Charlotte Regional Partnership named its annual economic-development award after him and former airport director Jerry Orr. Richardson, 81, has been a business success with a franchise that will sell for more than $2 billion--his family owns more half of the equity. But what about his leadership style? It's hard to evaluate a public figure who hasn't held a press conference in years and rarely grants media interviews. Meanwhile, the NFL's profile and financial prowess expanded exponentially during his tenure. Rabid Panther fans invested more than $50 million for stadium financing and spend millions annually for Sunday entertainment.

It's a different approach than the CEO I remember interviewing in Spartanburg for a story decades ago, before his Panther days. His company owned more than 2,200 Denny's, Hardee's and other restaurants. After chatting, we bypassed his own stores and enjoyed The Beacon Drive-In, a landmark burger-and-fries joint. I remember a gruff, no-nonsense executive who was struggling to revive his company, which was slammed by a $1.7 billion leveraged buyout in 1989 that contributed to losses in five of the next six years. Richardson, then 58, left in May 1995 to focus on a much more lucrative pursuit.

Abraham Lincoln said "If you want to test a man's character, give him power." To be sure, no one has the moral authority to judge another person's character. Richardson helped attract the most prestigious sports league to North Carolina, became an influential NFL owner and made many little-publicized...