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> Now, there are some rockstar CEOs — who oftentimes happen to be founders, such as Bezos, Steve Jobs, Reid Hastings — who have the ability to resist the pressu
by 7Figures2Commas 12y ago
> Now, there are some rockstar CEOs — who oftentimes happen to be founders, such as Bezos, Steve Jobs, Reid Hastings — who have the ability to resist the pressure that the markets put on them.
Another possibility the author should consider: there are some CEOs who have the ability to convince human investors that their long-term visions are worthy and deserving of steadfast support.
What the author fails to address is the fact that not every chief executive has a great long-term vision, and not every chief executive is capable of persuading investors that he or she is capable of realizing such a vision. The implied notion that investors are somehow obligated to give the companies they invest in an arbitrarily long period of time in which to execute regardless of evidence of tangible progress is foolish.