🔗 The Case for the Executive Chair

I annotated this in the middle of 2024 with the intention to share, it’s pretty damming.

"Only one or two directors on the typical 11-member board say they understand industry economics and how the company makes money. Two or three say they have little or no understanding."

Exactly in line with my observations - failure to understand leads to a focus on history, compliance and not losing - because they don’t even understand how to grow and win.

🖇️ You might not be surprised to learn that I have a fix. It’s called The Business Equation https://readwise.io/reader/shared/01j4005qwfhypc6md2wm2r1kfq https://documents.philpin.com/about-john/the-usual-is-wrong