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Kindle Notes & Highlights
it’s important to start by offering up a new, more precise way to measure CEO ability. CEOs, like professional athletes, compete in a highly quantitative field, and yet there is no single, accepted metric for measuring their performance,
The company’s guiding human resource philosophy, repeated ad infinitum by Murphy, was to “hire the best people you can and leave them alone.”
HR guide from Capital Cities Media - outstanding advice
Terms and concepts such as EBITDA (earnings before interest, taxes, depreciation, and amortization) were first introduced into the business lexicon by Malone. EBITDA in particular was a radically new concept, going further up the income statement than anyone had gone before to arrive at a pure definition of the cash-generating ability of a business before interest payments, taxes, and depreciation or amortization charges.
IMO, this is the most useful business metric. Especially in today's low interest environment!
she suddenly found herself the only female chief executive of a Fortune 500–size company. Naturally shy, she was understandably terrified. This story, although remarkable, is well known (the best version by far being Graham’s own Pulitzer Prize–winning autobiography, Personal History, published in 1997).
I think I found what to read next!
In Daniel Kahneman’s excellent recent book, Thinking, Fast and Slow, he lays out a model for human decision making that evolved from his thirty years of Nobel Prize–winning research.
Future reading
