Hobby Lobby CEO David Green started his company in his garage and believes living generously resulted in a better family life.
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It's an amazing
story, amazing story
of perseverance and faith.
David Green and his wife
began making picture frames
in their garage in the 1970s.
They could never have
imagined they would end up
with the world's
largest privately-owned
retail business, employing
32,000 people in more than 700
stores across 47 states.
It's called Hobby Lobby.
Take a look.
[MUSIC PLAYING]
David Green is
the founder and CEO
of Hobby Lobby, a
retail crafting giant
with over 700 stores
across the country.
David built the company
on biblical values
like giving, integrity,
and excellence.
In 2014, Hobby Lobby won a
landmark Supreme Court case.
The court ruled
Hobby Lobby would not
have to pay for birth control
in their health care plan.
It was a victory for faith-based
businesses across the US.
David says his success comes
from putting God first,
especially in the
area of giving.
In his book, "Giving
it All Away...
and Getting it All Back
Again," he shares how the power
of giving changed his life,
and can radically change yours,
too.
Well the book is called
"Giving it All Away
and Getting it Back Again."
David Green with Bill High.
It's a book you
really need to read.
And David Green is here with us.
It's so good to see you.
God bless you.
Thank you.
It's very good to
be here with you.
You're the son of a preacher.
You didn't ever have any money.
And you and your wife
started, I think, with $60.
$600 is how we started.
PAT ROBERTSON: Oh, $600.
We started our
business with $600.
PAT ROBERTSON: You
had more than I had.
I had $70.
[LAUGHTER]
DAVID GREEN: Not too easy.
PAT ROBERTSON: What did you do?
DAVID GREEN: Well, God has
just blessed us, obviously.
And we've just been able
to grow year by year.
We still are at about
50 stores a year.
PAT ROBERTSON: Come on.
How do you do that, David?
Well, God's just
been good to us.
We have no debt.
And so with his $600, we do for
$4.6 billion, and have no debt.
PAT ROBERTSON: Unbelievable.
DAVID GREEN: And we
give half of our profits
to various ministries
that we're involved in.
You somehow think that the
business is a ministry, not
the other way around, right?
DAVID GREEN: No question of it.
We see it as a ministry.
And we just see that
we don't even own it.
God says he owns everything, so
we just accept that, and says,
OK, let's just be the stewards.
So my family, my children,
my grandchildren,
were just going to steward it.
We're not going to take any
stock advantages, anything
of that nature.
So we're going to get
to work, if we want to,
and get a salary.
So we see it as God's business.
Well what's the
secret of Hobby Lobby?
There's a lot of retail
stores out there.
How come you're so successful?
Well I think part
of it is our giving.
It belongs to God, and it's
His, and we treat it that way.
And so I think
without question He
blesses us from the
time we started tithing.
So I'm a big
advocate of tithing.
Because God says if you
tithe, the windows of heaven
is going to open up.
So who wouldn't want
the windows of heaven
to open up on you by tithing?
Well they obviously
have. on you.
Well, look.
The Supreme Court,
Neil Gorsuch just
was confirmed to Supreme Court.
He was on the circuit court
the side of that case.
What was the
problem in that case
that came before the court?
Well the problem was in
the health care mandate
for our company is we had to
provide four drugs that we
know would take life.
We offer 16 different
contraceptives in our program,
but there was four that we just
couldn't agree with, because we
knew it would take life.
So they were
abortion pills then?
They were abortion pills.
And so the government says,
you're either going to do it.
Or with number of
employees we had,
it would have cost us $1.3
million a day as a penalty,
and so that's where
we found ourselves.
So what happened?
Well, we took it to court
and we lost at the local level.
We took it to the Tenth Circuit.
We lost again.
They said, we're not going
to give you relief on this.
And basically when they
say that, they say,
you're either going to do
this or pay this big fine.
But the Tenth Circuit, finally
when we had the entire--
we came back and asked the
entire court to look at it.
And so I think because of
Gorsuch being the one that
really tipped it, we had
relief until we could get it
to the Supreme Court.
And their ruling was one?
Well, it was a 5-4 that
we don't, as a business,
have to provide these particular
drugs that we just couldn't see
ourself doing.
PAT ROBERTSON: Well,
it was a landmark case.
But you offer all
kinds of contraception.
You weren't against--
DAVID GREEN: Exactly, exactly.
We offer 16 different kinds.
PAT ROBERTSON: 16 Different.
DAVID GREEN: Right.
And yet the government
wanted to impose
on you the penalty you had
to provide abortion drugs.
Exactly, exactly.
I don't know why at
the Supreme Court
we didn't have a 9-0
instead of a 4-5,
because I can't comprehend how
that a government can tell you
that you're going to provide
a pill and a drug that
will be abortive.
Well, it's been a help.
Has it helped your business,
by the way, the publicity?
There's been a lot
of publicity with it.
Yes.
Well during the
period of time, we
had a lot of people picket
us and come against us,
but we also have
a lot of support.
So God has been good,
and we've continued
to have same-store increases
for the last 20 years.
So God has definitely
been there.
It's a miracle.
And you're growing is $4
or $5 billion a year now?
This year, we'll do $4.6
billion, and we have zero debt.
And we add about 50,
60 stores a year,
so we're very, very profitable.
And what's good about
it all is the things
we can do in terms
of the ministries
that we're involved in.
Well, you've helped so many.
This is a museum of the Bible.
You've got this magnificent
with all these exhibits.
How'd you come up with that?
Well, I think the Lord
just gave that to us.
We didn't intend to do it.
We bought a couple
antiquities, and we thought
someone else would do it.
And then we bought
some more antiquities.
And today, we have like
45,000 different antiquities.
And the project
in Washington, DC
is a billion-dollar
project when you take
the building and antiquities.
And we have a lot of people
come alongside us as well.
But it's all going to happen.
And so November
the 17th we'll open
this Bible museum, which we
have such love for, God's Word.
DAVID GREEN: November the 17th.
November 17th of this year.
PAT ROBERTSON: Of this year
they'll open in Washington.
Exactly.
Is called the Museum of--
The Museum of the Bible.
It's two blocks off
of the mall, and it's
five blocks from the Capitol.
So we're placing God's word in
the middle of Washington, DC.
So we're really
excited about it,
because we think
as well as you do,
of course, that we need to get
back to this word, God's word.
The last thing,
you have decided
with all this money that's
coming your way not to give it
to your children.
You're going to
give it to the Lord.
Well, we want to
give it to the Lord.
And we think the worst
thing we could do
is encumber our children
with a lot of value
where they may or may not work.
But I'm not worried about
my children, anyway.
But it just seems to be
the wrong thing to do.
So we see ourselves as
just the stewards of it.
And we're not touching the
business, other than the salary
you make.
I make the same salary
I did 11 years ago.
So this is not about me.
It's about the
ministries and the thing
we can do for ministry.
You could spend
enormously on yourself,
and you deny yourself.
You don't do any of that.
No.
PAT ROBERTSON: You just
live on a simple salary.
We have a salary the same.
I don't think I'll
ever get a raise.
I should get one, but anyway--
If I were the board,
I'd vote you a raise, too.
DAVID GREEN: I'm going
to put you on the board.
[LAUGHTER]
Well, listen.
Thank you for this book,
"Giving it All Away."
It's available on Amazon
or wherever books are sold.
Exactly.
Hey, it's available
at Hobby Lobby.
You can go in there and get it.
Go to Hobby Lobby, and get
a book, and buy some things
in there.
It's a beautiful store.
And David's going to
be the featured speaker
at our chapel today.
You can join us live
at noon on CBN.com.
We'll be live streaming service
from Regent University Chapel.
So what more fabulous
[INAUDIBLE] This
is a great testimony of a
humble man and his dear wife
making an enormous business
that's giving it all away,
and that's the
name of this book.
David Green, thank
you, my brother.
God bless you.
DAVID GREEN: Thank you.