Irreplaceable
February 4th, 2009
Tom Peters on the notion of an irreplaceable CEO:
If you sent all F500 CEOs and their #2s to St Elba, performance of their companies would not on average deteriorate. The “myth of the irreplaceable CEO” is just that—myth.
He also believes, old Navy guy that he is, that the pay cap for CEOs of government-assisted companies should be the rate of a four-star general or admiral, with seniority.
Put out the fire
February 4th, 2009
A wonderful analogy from Political Animal:
Said Sen. Ben Nelson, “I don’t know, hundreds of gallons of water sounds like an awful lot.”