Poor management is the top threat facing companies, according to Warren Buffett, who spoke out on the issue over the weekend.
The chief executive of conglomerate Berkshire Hathaway Inc. said choosing the wrong people to lead an organization is the No. 1 risk for businesses. In his five decades running Berkshire, Mr. Buffett said, he has seen a number of companies fail, from textile mills to department stores, and he suggested that a consistent element could be found in those failures beyond changing consumer behavior or shifting market forces.
“You get a guy or a woman in charge of it—they’re personable, the directors like ’em—they don’t know what they’re doing. But they know how to put on an appearance. That’s the biggest single danger,” Mr. Buffett said.
Sounds a lot like USAF.
“I do think it is stupid for states to drive out their wealthiest citizens.” — Charlie Munger
Oh great - last new managerial thought strategy we need is task master / micro managers. Bernie, stick to what you know.
Why yes. Ditto with politicians. Case in point. tfg & the SeditionCaucus
couldnt agree more most of them start with good intentions and these vanishes with the pressure and then starts to please the upper management and less of a work well done! All the training and classes go to a black wholelack of back bone and more about their claim to success
‘I do think it is stupid for states to drive out their wealthiest citizens.’ That sounds so right
Ambrosia_Ijebu So true.
We all know that bad/moronic managers and executives need people to like them since it is the only way they can remain employed. The qualified ones are usually run out by those who can slime their way around the company and turn others against those whose abilities pose a threat
Truly relevant idea, spotting impostors is not an easy task, as they could hide under cloaks of corporate clout 😐
This just in a lotta bozos get pretty far in life
Are you talking Biden vs Trump? RubinReport DennisPrager WilkowMajority DonaldJTrumpJr GovRonDeSantis
NaijaFlyingDr This for Buhari, and he is actually threatening the survival of Nigeria as one country
You're damn right. And there's this dominant mentality that appearance of parties involved in business tells a lot about you and your company. Especially first sight appearance!
ONU_es onucolombia ONU_derechos CIDH CNNEE cnnbrk ajplusespanol AP_Noticias Almagro_OEA2015 OEA_oficial bbcmundo AmnistiaOnline OEA_oficial Ayuda en estos momentos nos están masacrando, Disparan en las casas, hay una guerra en Cali.
Warren has more insight than 98% of the CEOs I’ve worked for, their underlings being personable in the presence of the boss meant they got away with being awful managers
Warren is so right. Of course referring to the previous administration!
Buffet was the exception, not the rule Advertisers, promoters... they are built to lie to you Science and finance the truth
politicians too you know...
Warren buffet is a fossil that needs to make room for fresh and young ideas. Come on man. He made lots of money gambling and having luck with steel hands and that is the only reason he seems relevant. ...
Warren Buffett warns that poor managers can be personable—and that can be dangerous for countries ! 🇮🇳 🤔
I agree with Warren Buffett
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Wow I didn't know that mr. Buffet...of course everyone that works for big companies know that sir.
Full transcript of Warren Buffet's Berkshire Hathaway annual meeting:
Lol 😂 that’s most of corporate America for most of buffets life , glad he woke up to it finally🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣🤣
One thing poor managers are adept at is sycophancy.
He’s right. The fish rots from the head.
'Плохие лидеры несут риски для всей компании...' ---- На что намекает Уоррен? (на кого)
Buffett is talking about corporations but might as well be talking about government: “You get [someone in charge] —they’re personable, the directors like ’em—they don’t know what they’re doing. But they know how to put on an appearance. That’s the biggest single danger.'
Elon are you listening?
The world’s biggest slumlord says what?
I agree. Warren Buffett. Good leaders are insightful, strategic and commercial.
More good news please(((
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