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American companies that are public are so short termed minded — very few can afford to take the long term view. What the $1 CEO does is it allows the CEO to rea
by michaelpinto 15y ago
American companies that are public are so short termed minded — very few can afford to take the long term view. What the $1 CEO does is it allows the CEO to really take the long view and worry less about shareholders and the board. My only problem is that this limits the role of CEO to rich guys. By the way if you want a proof of concept that this idea works look at Steve Jobs when he returned to Apple.