I have been thinking about this tweet all day:
In business, you need some exposure to risk to be trusted.
Good grief, I mean, the number of executive board members, CEO’s, mid-level managers, and bureaucrats out there that pay virtually
no price for making terrible decisions is mind-blowing.
The best analogy I can think of is how the average person treats a rental car vs. their own.
Maybe if it was your company – and your money – you would take fewer trips, buy fewer drinks, write off fewer mistakes, and make fewer excuses after losing money year after year.
How easy it is to spend someone else’s money…
I read somewhere that a company was looking for a CEO and that the only requirement – beyond general competency, experience, and know-how – was that they invest their entire life savings into the company.
That sounds like a good idea to me.
Understand: Mangers need skin in the game.