Do Not Hire Celebrity CEO's
 

I am reading a great book called "Good to Great" and it says that hiring so called celebrity CEo's are the worst thing you can do for your company...the best CEO's are the ones that grew from a low position in your company to a top position, those make the best CEO's.

So hire your janitor who has grown with your business another words.

Great, Ill keep that in mind next time I start a Fortune 500 company!

Jim

Shit, I just hired J LO to run my company. Where the hell was this advice yesterday before she set that big ass on my cock.

http://www.mi.co.ke/images_soila/Jack%20Welch%20pix.jpg

I'd hire him in a flash.

:1orglaugh :1orglaugh :winkwink:

Hey Marty, could you please hit me up on icq : 286487452

I've sent you an auth a couple times over the last couple weeks but I guess they're not going thru. Thanks.

email me marty at videopass dot com

sent. Thanks.

I am a celebrity CEO

it's 'in other words', slick

I have to finish up reading from good to great... I am looking at it right now on my bookshelf but I think I dropped it to read Automatic Millionaire (Which sucked!)

I am about 80% through Jack Welch - Straight From the Gut, that book is amazing as the guy really shook up the corporate industrial culture of GE back in the 80-90's.

DH

www.summary.com is the besy purchase you can make all year.

I purchased their whole library of business book summaries...who wants to read all the unneccesary B.S. anyway.

Which ones do you recommend?

you would have never had the chance. he never worked anywhere else but GE. that is also addressed in the book... which is an awesome book.

Welch was one of the best CEO's of all time, easily. I would definitely rather hire someone that at least has experience in the same industry/sector and not just hire them because they're a name. Just common sense if you asked me.

Welch is the man, definitely. Although his successor isn't bad either... so far.

DH,

I think I have Good to great on CD and have finished using them. I can send it over to go along with the book. I like doing it that way :)

I got the whoile entire library and "Good to Great" and "Taming the Lion"are the only two I have read so far.

Nice thread,

btw martyVP need to talk to you , whats your contact?

Tandy's Money Machine is a good book if you like reading about resourceful and successful business people.

If you only ever read one business-advice book, read "In Search of Excellence" by Tom Peters & Robert Waterman. Forgive the cliché, but it is as relevant today as when it was published more than 20 years ago. Tom Peters commented a couple of years back that if he were to re-write "Excellence", apart from references to specific companies, he would add to it rather than make changes.

Just be warned that after reading "Excellence" you will find yourself with a very depressing view of almost everyone in our industry.

Anybody knows about good sites, telling "in the first person" sucess historys?

I disagree with that statement, and I'm sure there are plenty of books that would disagree as well. I used to be in the furniture business and at one point the CEO of the largest furniture manufacturer on the planet was fired, after basically bankrupting the company. Definitely a celebrity CEO within the business.

His next job was as the CEO of the largest mattress manufacturer in the world. At the time we all laughed and the phrase, "your next job will be inversely proportional to how badly you fucked up you last one"...

But three years later this CEO had doubled the revenues, nearly tripled the net profit of the mattress company, and was certainly having the last laugh.

Hiring a CEO for a large company requires a knowledge of much, much more than just how your particular company runs. CEO's should be knowledgeable about many things like banking, leverage, mergers and acquisitions, dressing up a company for a sale, etc.

They don't necessarily even need to know that much about your business per se, as they do about how business itself works.

Marty how you doin?

Good thing I didn't hire John Travolta last week. Close Call.

I am not saying that you should hire a jackass who doesn't know anything, what I am saying is that the best CEO's are the ones that grow with your business.

email marty at videopass dot com

Are you that guy that was helping us at the booth in Vegas.

^^^^^^^^^^^^

the point of the referrence to celebrity CEO's was made in the context of growing a successful business over time - i.e. 15-30-100 years. in that respect celebrity CEO's fail everytime. Lee Iacocca for example did some great things in a couple short years and was the typical "celebrity CEO" driven by ego and selfish, narcissistic needs and not driven by what is truly in the best interest of the company over the long term.

The second half of his tenure put the company on a downhill slide from which it never recovered, largely due to his own unchecked ego and undisciplined behavior.

they were not talking about the average company. they were talking about companies that had existed for 30-50-100 years that had made significant transitions from "good to great" which they measured as being a company whos growth was flat for 15 years and then made a clear transition where they then continuously beat the stockmarket by 3 or more times for at least 15 years.

another conclusion of the study is that there is no relative connection between executive compensation and the success of the company during their tenure. people who genuinely care about the company, are driven to do whats in the best interest of the company for the sake of creating and being a part of something great. people who care about money *first* are typically selfish people putting their own needs before those of the company and making decisions based on what will make them look best in the short term, rather than what will be the best thing for the company in the long term... regardless of whether or not they recieve recognition for it or not.

So hire your janitor who has grown with your business another words.


At least he'd have a clean office.

Indeed, Jack Welch is top :)

That is exactly the point here...Welch has worked with one company for ever, thats what this whole thread is about. He has grown with G.E ever since God knows when.