Evidence receipt / belief
Published · transcript-backedBen Gilbert: belief
7 Jun 2021 Acquired Berkshire Hathaway Part III
“When you have a non-founder who doesn't quite have the same influence and purview over all of those things, I think decision making, especially when you need to be able to do it in an hour for a really big deal, could get really thorny.”
Source trail
Everything needed to verify it.
- Speaker
- Ben Gilbert
- Attribution
- Verified speaker
- Claim type
- belief
- Recorded
- 7 Jun 2021
- Publisher
- Acquired
- Episode
- Berkshire Hathaway Part III
Transcript context
…Like Ajit’s business. Yup. Yup. If they wanted to buy stock in companies, they could go do that. Now, each of those are independent fiefdoms. I'm sure there's ways they can sort of do horse trading, but people's comp largely is tied directly to their own portfolio, so who gets to say at the end of the day, no, this is what we're doing. I guess it's Greg. I guess it's the CEO, but you really have to nail the incentives to make that all work. When you have a non-founder who doesn't quite have the same influence and purview over all of those things, I think decision making, especially when you need to be able to do it in an hour for a really big deal, could get really thorny. Not to mention a CEO who doesn't have the investing mind that Warren does. Greg is great. He's a great operating executive, but is he going to be able to think in the same way as Warren and Todd and Ted about investments and act with the same speeding conviction.…
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