David Rosenthal: uncertainty

Transcript context

…Yeah, it's interesting to think that one of the reasons why the innovator's dilemma is typically so unavoidable, is because you can't—especially as a public company—get the leeway that you need from your shareholders to do something really risky, that's going to take a really long time, and it's going to cost you a ton of profit in the near term. This really is like hundreds of millions of dollars of pure profit that they're just like foregoing for five years, for years to come here. How are the next set of carriage agreements for ESPN going to go with the pay TV providers when now they know they're going to be like, “$9? Yeah, I don't know about that but I'm not going to pay you that anymore. ” A lot of what it comes down to is do you actually have a leader who's going to get that leeway and that really long term thinking from shareholders to be able to sort of act like a startup while you have this business that you're trying to preserve the glide path on. Typically, an executive wouldn't. I think it takes someone who's earned the trust like Bob had.…

Stored transcript either side of the excerpt. The highlighted words are the published quote; the surrounding text is unedited source, never generated.