He's talking about risk, thats all. "obsession with "Return on Equity."" is just high risk tolerance in CEOs. He states that Founders are more conservative than

He's talking about risk, thats all. "obsession with "Return on Equity."" is just high risk tolerance in CEOs. He states that Founders are more conservative than hired CEOs, which seems like an excessive generalization. He clearly misunderstands the relationship between accounting and pricing goods. Companies price goods to maximize profits. I doubt companies routinely try to pay extra taxes to make their accounting books look better. Companies still try to pay as little tax as they can. Maybe they do it when they hit an IPO to get a better initial prices but usually more goes into valuation of a company than their GAAP accounting sheet. The only good point he almost touches on is determining who should bear the risk on a 100 year flood event, the company or the consumer. With JIT, the consumer bears more risk in the supply chain. It's not seen if this is actually a bad thing. Lastly, his whole shtick seems to be centered around being against the billionaires tax. Sorry Ryan Petersen, Founders don't provide extra stability to the supply chain because they are more conservative.