Marathon #23-Race Report
Houston, TX
Jan 11, 2026
Fourteen years
ago, I received a call from a firm that I had worked with previously. They were underwriting a new portfolio
company by merging ten very small companies—but operating on six
continents. They offered me the Chief
Bean Counter position for the North American division. My first thought was, “How would this
impact my running?”
I had just
finished my twentieth marathon and was looking forward to another twenty. More importantly, I had not reached my peak
and still had the potential to run a sub-3:00 race. I thanked them for the opportunity but
declined.
I received a
follow-up call the next day to discuss a few interesting attributes. First, though positioned in the energy
sector, the venture was primarily a technology company. Second, the upper management team had
been recruited from a leading O&G company. Lastly, the most unique attribute was the
timeframe.
Unlike most PE
investments, which have a 5–10-year horizon, this venture was to sell in three
years or less. The plan was to port a
technology already utilized in the Middle East into the Western Hemisphere,
then sell the consolidated group. Upon
contemplation, I rationalized that cutting down to only two marathons a year would
be an acceptable sacrifice for the career opportunity.
Just three
weeks after onboarding, I began to ponder the fable about the dog crossing over
a bridge with a juicy bone in his mouth.
When he looks over the railing into the water, he sees another dog with
a juicy bone in his mouth looking up at him.
In his avarice, he opens his mouth to snatch the other bone.
I should have anticipated
that merging ten companies would produce mistrust among the disparate management
teams. Compounded by the significant
cross-cultural modi operandi and expectations, each group had carved out its
own fiefdom to hedge perceived post-merger threats. As my concerns mounted, my professional
judgement assessed it best to go on vacation.
My family had
already booked our annual summer pilgrimage to Australia, my wife’s homeland. Although I was apprehensive about leaving
just three weeks after joining the company, I was relieved to extricate myself
from the post-merger conflicts. I also
looked forward to daily long runs; in the Southern Hemisphere, July is midwinter,
with cool, dry weather. Unfortunately, I
didn’t enjoy any running or peace while down under.
Instead, my
inbox was inundated with disquieting reports.
I did not suspect intentional “irregularities”—fraud, in layman’s
terms. Rather, the rigor just appeared
substantially below my prior experience.
Cutting my vacation short, I left my family in Australia and returned to
work.
My first day
back, I drove into an empty parking lot well before sunrise. A few hours later, my assistant—whom I had inherited
from the pre-merger group—came
to my office. He stood in the doorway,
staring vacuously at me, but remained silent.
After I greeted him with a “good morning,” he replied with a deadpan
countenance, “You still work here? I
thought they fired you.”
Though I
already knew him to be a very unpleasant fellow, I assumed he was attempting to
make a joke given my recent absence. I forced
a half-chuckle with a contemptible grin. “Good one,” I replied. Without further comment, he turned around and
shuffled to his desk. I soon discovered he
wasn’t attempting to be humorous.
An hour later,
the US operational VP came into my office and shut the door. He informed me that he was now the global
CEO. It appeared that I was not the only
person skeptical about the company’s post-merger direction. In my absence, the newly formed and disparate
shareholding groups convened an emergency board meeting at our Dubai
headquarters.
The board vote
was quick and decisive; the company’s entire C-suite group had been
terminated—the CEO, CFO, and every major VP.
The new CEO then informed me that I was now the CFO and needed to be in
Dubai within the next 48 hours. In his usual
laconic manner, he communicated that I would also be standing in the
unemployment line unless I tied down the numbers.
In hindsight, I
wish I had possessed the sagacity to respond, “I understand. Thank you,” then packed my desk and called all
my old clients to inform them I was available.
However, I was so discombobulated that the following day I found myself
boarding a 16-hour flight to Dubai.
Including
connections, I finally landed 25 hours later—and went straight to the office. For the next three weeks, I worked 18-hour
days seven days a week. Yet each night,
after arriving at my hotel long after dark, I strapped on my running shoes.
My daily goal
was to log at least an easy 6–10 miler (45–75 minutes). However, in mid-August, the Dubai temperature
ranges from 90 to 95 degrees at midnight (110+ during the day). By mile three, I would be soaked through and squishing
in my shoes with each labored stride—not once did I make it to mile four
without walking.
Returning to
the US, I presented my report to the board.
They let me know that I was still employed, then directed me to be in
Ecuador by the end of the week to close on a subsidiary acquisition. Again, 18-hour workdays were followed by an
attempt to log a run before getting a few hours’ sleep.
Although Quito,
Ecuador, lies directly on top of the equator, it was surprisingly not as hot as
Dubai but rather pleasantly cool and dry. The city sits at an elevation of 9,350 feet! Even when jogging slowly, I was gasping for
air like a discarded goldfish in a carnival parking lot.
Returning to
the US, I presented my report to the board.
They stated that I was still employed, then directed me to fly to our UK
manufacturing facility in Tewkesbury, a small town located a stone’s throw from
the Welsh border at the same latitude as Calgary, Canada.
It was now late
October, with very early sunsets, temperatures in the low 40s, and frequent
rain. Worried that I had not logged a
respectable training run in over two months, I found myself slowly jogging
along muddy canals in the pitch dark and freezing my booty off.
Returning to
the US, I presented my report to the board. They told me that I was still
employed, then directed me back to the Middle East (Oman), back to Latin
America (Mexico), back to the UK, and on and on for the remainder of the year. Despite my lack of training, in my mind, I
was still a strong runner. Before
joining the company, I had run 50–70 miles a week for seven years straight. Accordingly, I registered for the January 1 Texas
Marathon Kingwood, in which I had placed fourth overall the prior year.
The night
before the race, I had dinner with my lifelong friend and marathon buddy John. After I relayed my training difficulties to
him, I confidently stated, “Yeah, but the weather looks good for the race
tomorrow; I’ll probably run about a 3:15.”
John laughed out loud and countered, “Brother, you’ll be lucky to run a
3:45.” Given how prescient his assessment
was, I should have asked him for the lottery numbers for that night’s
draw. I limped, literally, across the
finish line at 3:46.
That was
it. I was done running—well, at least
until we sold the company. I gave up
training altogether—not a single mile. After
completing the truly agitating first year of work, I slogged through the second,
which was only tolerable given that we hurdled the halfway mark of selling in
three years.
Then, partially
through year three, we received an acquisition offer. The oil spot price was $110/barrel, and our
company had just seen a record profit. Meanwhile,
the potential buyer, a tech company, was already using our technology and wanted
to close the transaction in three months or less.
This was
it! After almost three years of running
hibernation, in just three months, I would have all the time I wanted to
run. Everything had worked out—well,
until Ali Al-Naimi had an epiphany.
Al-Naimi was Saudi
Arabia's oil minister, and one week after we signed the letter of intent to
sell our company, he released a statement stating that Saudi Arabia’s
constrained exports were supporting the $100+ oil price. The unintended consequence was that it
allowed US companies to capture OPEC market share. OPEC was going to fight back by implementing
a price war.
The following
morning, the commodities market opened at $80/barrel. Our potential buyer called and stated
everything was still green-lit—no change in the offer. A month later, oil was $60/barrel. The buyer sent a revised offer. Just four weeks before the sale date, oil
closed at $29/barrel. The deal was dead. For the foreseeable future, the entire energy
market was dead—so were my marathoning days.
Over the next five
years, I attempted to maintain a minimal level of training. However, work exigencies would constantly interfere. The only real consistency in my training was
injury. After a three-year absence, all
the typical running injuries reemerged.
I limped along for eight years until we sold the company.
Seven years
without a single race—not a marathon, a half-marathon, or even a 5k. However, now unshackled by international
obligations, I committed to returning to my peak performance. Pushing through injuries, I logged six SLOW
half-marathons over the next five years.
But after each race, acute injury would sideline me for several months.
Lamenting to my
wife, I lugubriously moaned, “That’s it; I’m done. Can’t train through the pain anymore.” Fortunately, being a therapist, my wife
accepted the challenge. The next day,
she designed a core body training protocol for me and advised, “By
strengthening the abductors through your lower back, hips, and glutes, you can
improve your stride stability.”
While not a
panacea, the core training did abate my acute pain to a tolerable chronic level. By summer’s end, I was consistently logging
20-mile weeks. The final component was
to get super skinny. At 6′2″ and 185 lbs.,
I was already quite lean. But to ramp up
to 40+ miles/week, I committed to dropping another 10 lbs.
By race day, I
had done all I could; the only item remaining was to set a time goal. It had been 15 years since I set my personal
best of 3:10—nope, I would not be setting any records today. It was 20 years, almost to the day, that I had
run my first marathon in 3:59. That
would be an excellent goal—to run as fast at 58 years old as I did at 38.
However, the
weather was cool and my training was decent. It had been 13 years since my last marathon, which
I finished in 3:46. If I could pick up
where I left off 13 years ago, that would certainly be a worthy goal. I queued up in the chute, the gun fired, and
we were off.
Over the first
mile, my stride felt relaxed and light—always a good sign. But the runner congestion was still dense,
and I needed to find a smoother rhythm.
I hit my stride by mile three and began to run entirely on feel without
looking at my watch.
At mile six,
though the temperature was still in the high 40s, I felt my breathing a bit off
due to overheating, so I tossed my gloves and shirt. At mile eight, my pace felt strong, but I was
concerned that I had gone out too fast.
I intentionally boxed myself behind other runners pacing at a
quarter-beat slower. However, my stride
felt unnatural, so I resumed my original pace.
I reached mile
13 feeling good aerobically, but I was certain my pace was too fast to maintain. My apprehension was confirmed at mile 16. I approached a group of 15–20 bunched runners
and saw that one of them was an official race pacer wearing a 3:30 tag.
Crap!!! I was running at a completely unsustainable
pace. I broke stride behind the group,
and my thoughts turned to speculating about which mile I would implode. However, unexpectedly, I then thought of the
famous quote by famed coach John Wooden: “Don’t let what you can’t do interfere
with what you can do.”
“Can you
hold your pace for another three miles?” I asked myself. “Yes; then that is your goal—your only
goal.” I pulled in front of the 3:30
group and resumed my pace. At mile 19,
my legs began to cramp. Again, I asked,
“Can you hold this pace another 15 minutes?
Then that is your goal.” By
mile 22, I was striding in pain.
One last time,
“Can you hold another few minutes?” I broke stride halfway up a hill at mile 24
and walked for five seconds. I also looked
at my watch for the first time. Crazy! Totally crazy! I was running at a 3:25 finishing pace. This was going to hurt.
Over the next
two miles, I paused to walk for 5–10 seconds five times. Each time, I looked up for other struggling
runners and jogged to their side, saying, “Come on, let’s stride for a quarter
mile.” The combination of camaraderie
and ego would push us at a quick pace, with neither of us wanting to break
stride first.
With a
half-mile remaining and a straight line of sight, the finish line pulled me
across in a time of 3:27:12, qualifying me for the Boston Marathon—always the
imprimatur of a good race.
Glad to be back
in the saddle.
A special thank
you to my therapist ❤️