The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success : Eight Unconventional CEOs and Their Radically Rational Blueprint for Success

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Radical blueprint for CEO success

This book is a must-read for anyone interested in understanding what it takes to be a successful CEO. Through the stories of eight unconventional CEOs, it reveals a completely different approach to corporate management. These CEOs prioritize long-term shareholder returns, have exceptional capital allocation skills, and value cash flow over reported earnings. By charting their own course and focusing on per share value, they achieved extraordinary performance that outperformed the market by a factor of twenty. If you're looking for a refreshing and counterintuitive perspective on leadership and investing, this book is for you.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.

The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success : Eight Unconventional CEOs and Their Radically Rational Blueprint for Success

Regular price $9.90
Unit price
per
ISBN: 9781422162675
Date of Publication: 2012-10-23
Format: Hardcover
Goodreads rating: 4.21
(rated by 11381 readers)

Description

”It is impossible to produce superior performance unless you do something different.” — John TempletonWhat makes a successful CEO? Most people call to mind a familiar definition: a seasoned manager with deep industry expertise. Others might point to the qualities of today’s so-called celebrity CEOs—charisma, virtuoso communication skills, and a confident management style. But what really matters when you run an organization? What is the hallmark of exceptional CEO performance? Quite simply, it is the returns for the shareholders of that company over the long term.In this refreshing, counterintuitive book, author Will Thorndike brings to bear the analytical wisdom of a successful career in investing, closely evaluating the performance of companies and their leaders. You will meet eight individualistic CEOs whose firms’ average returns outperformed the S&P 500 by a factor of twenty—in other words, an investment of $10,000 with each of these CEOs, on average, would have been worth over $1.5 million twenty-five years later. You may not know all their names, but you will recognize their companies: General Cinema, Ralston Purina, The Washington Post Company, Berkshire Hathaway, General Dynamics, Capital Cities Broadcasting, TCI, and Teledyne. In The Outsiders, you’ll learn the traits and methods—striking for their consistency and relentless rationality—that helped these unique leaders achieve such exceptional performance.Humble, unassuming, and often frugal, these "outsiders” shunned Wall Street and the press, and shied away from the hottest new management trends. Instead, they shared specific traits that put them and the companies they led on winning trajectories: a laser-sharp focus on per share value as opposed to earnings or sales growth; an exceptional talent for allocating capital and human resources; and the belief that cash flow, not reported earnings, determines a company’s long-term value.Drawing on years of research and experience, Thorndike tells eye-opening stories, extracting lessons and revealing a compelling alternative model for anyone interested in leading a company or investing in one—and reaping extraordinary returns.
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Radical blueprint for CEO success

This book is a must-read for anyone interested in understanding what it takes to be a successful CEO. Through the stories of eight unconventional CEOs, it reveals a completely different approach to corporate management. These CEOs prioritize long-term shareholder returns, have exceptional capital allocation skills, and value cash flow over reported earnings. By charting their own course and focusing on per share value, they achieved extraordinary performance that outperformed the market by a factor of twenty. If you're looking for a refreshing and counterintuitive perspective on leadership and investing, this book is for you.

Note: While we do our best to ensure the accuracy of cover images, ISBNs may at times be reused for different editions of the same title which may hence appear as a different cover.