What Leaders Need | Should CEOs Have Term Limits? w/ Bill George (TIP493)
发布时间 2022-11-10 23:45:00 来源
摘要
My guest today is Bill George. Bill has an amazing career. Early in his career he was an executive with Honeywell and Litton Industries and served in the U.S. Department of Defense. He then became CEO at Medtronic where he took the company from $1.1 billion to $60 billion in 10 years. The 10 years is interesting, because he actually created a 10 year term limit for his time as CEO. From there, he became a professor at Harvard Business School, where he taught Leadership for 19 years, and has written nine books; most notably True North and now True North, Emerging Leaders Edition. He has served as a director of Goldman Sachs, ExxonMobil, Novartis, Target, the Mayo Clinic, and World Economic Forum USA and has received honorary PhDs from Georgia Tech, Mayo Medical School, University of St. Thomas, Augsburg College, and Bryant University.
IN THIS EPISODE, YOU’LL LEARN:
00:00:00 - Intro
00:00:25 - Berkshire Hathaway’s Earnings
00:09:53 - How to find your own True North and how to determine whether a company's leader is following their own
00:14:30 - Bill’s early crucibles that helped him evolve into an empathetic leader
00:21:06 - How Bill took Medtronic to $60B while cultivating an inclusive culture
00:28:13 - Why Bill set a 10 year term limit for his time at Medtronic
00:31:09 - CEO’s that handled the pandemic the right way including Satya Nadella of Microsoft, Mary Barra of GM, Corie Barry of Best Buy and others.
00:43:01 - Teaching Tracy Britt Cool at Harvard, who became Warren Buffett’s protege
00:44:44 - Where CEOs go wrong
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📖 BOOKS MENTIONED:
- True North by Bill George: https://amzn.to/3Ek3yra
- Trillion Dollar Coach by Eric Schmidt: https://amzn.to/3A2BLJc
Disclosure: Some of the links above are affiliate links that we may earn commission from. This helps keep our show going! 😀
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WHO I AM:
I’m Trey Lockerbie and host of We Study Billionaires🎙. I used to study options trading but pivoted to value investing 💵 after a life-altering dinner with Warren Buffet. Back in the day I was traveling around the world as a musician, but I’ve now settled in Los Angeles with my wife and two children. Together with my wife I started Better Booch 🥃 - a nationally distributed Kombucha company.
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