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It's not a matter of micromanaging, it's a matter of being there and knowing what is being done.
I'm sorry, if I'm getting ready to run a company and it is having a serious problem, I want to be there so that when I take over, I know first hand what the Hell is happening. If I have a certain amount of stockholders backing me and I can sway their votes or get them to work out what is best for the company and not just them.... then I would want to be there.... Afterward, I can go out and tell people what was done to help the company. That is far better leadership than me saying what I would do after a deal that I don't know what the deal is. I may have good ideas, I may have people telling me.... but I don't have first hand knowledge so I, as the prospective leader can't really talk about it except in hypotheticals and second hand knowledge.
I want a president with first hand knowledge and was there working on it. I want them to do their job and I want them to take a stand and show leadership.... not pontificate and bullshit on what they may do after the fact.
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I just love people who use the excuse "I use/do this because I LOVE the feeling/joy/happiness it brings me" and expect you to be ok with that as you watch them destroy their life blindly following. My response is, "I like to put forks in an eletrical socket, just LOVE that feeling, can't ever get enough of it, so will you let me put this copper fork in that electric socket?"
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