Quote:
Originally Posted by Willravel
I've had experience. I had to rush out and learn economics from old textbooks when I was hired in the business world instead of a job that required my education in psychology. Not only that, but when my previous boss was in all of his legal trouble, the VPs had to take over. As VP of marketing and product development, I would be what some might call the "vision" man.
So no, my opinion isn't based on real schooling, but it is based in experience.
Apple was successful because the product was perfect. It sold itself. Do you think Steve Jobs has a formal education in economics now? Of course he does.
Why would a vision fail? Because it's wrong. What's the best way to prevent that? Know the rules of the game.
How many CEOs don't have a formal education in economics?
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For a small company? or are you talking about a company with > 500employees? Annual revenues of >$10M? How about this... a publically traded company on any of the international markets?
See when I work for a small company I can call myself anything I'd like because it doesn't change the bottom line all that much.
If you'd like to talk small potatoes, we can talk small potatoes, but what I believe we are talking about is big business large publically traded companies on NYSE, NASDAQ, AMEX, FTSE, etc.
But since you seem stuck on the requirement of formal education as a criterion for succesful CEOs and successful companies...
Bill Gates, Paul Allen, Larry Ellison, Dhirubhai Ambani, Steve Jobs, Michael Dell, Ray Kroc, Andrew Carnegie, Henry Ford, Kirk Kerkorian, and Richard Branson all started companies that have a lasting impression on today's market place. None of them had any formal education to back up their vision.
Again, you get to pick who you want to invest in based on the management team and the peformance of the company.
Investors vote for companies with their dollars.
-----Added 30/7/2008 at 01 : 33 : 28-----
Quote:
Originally Posted by roachboy
the problem may be one of scale, then?
once you go public, once your production capacity gets large enough to require the issuance of stock in order to finance aspects of operations, you make the fatal compromise?
from that point on, any idea that working people create value and by extension wealth gets erased?
it's still a political choice, how one views production.
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Maybe, Whole Foods has it as part of their mission statement as to how they will operate.
Whole Foods Market : Company : Declaration of Interdependence
That's an attraction for some investors as the stock has done very well in the past decade.
-----Added 30/7/2008 at 01 : 36 : 50-----
here it is...
Quote:
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There is a community of self interest among all of our stakeholders. We share together in our collective vision for the company. To that end we have a salary cap that limits the maximum cash compensation (wages plus profit incentive bonuses) paid to any Team Member in the calendar year to 19 times the company-wide annual average salary of all full-time Team Members.
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I also thought there was a cap on the CEO something like 48x the lowest salary...
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