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This is Yujin Chung, the grad student at Wharton who helped Ben with some of the research. One thought I had (which I will blog about) is the context supportin
by Enderdoon 16y ago
This is Yujin Chung, the grad student at Wharton who helped Ben with some of the research. One thought I had (which I will blog about) is the context supporting Ben's three reasons is large founder equity stake (which is generally many times larger than a professional CEO stake). More specifically, on "moral authority," it's not just having the guts to change a company's direction, but having the actual shareholder and board control to force such strategic decision.