Friday, August 14, 2020

On how to handle new hires...

When you bring in a new hire on the team, let them run.  Let them experiment and express themselves before correcting them too much.  Some refining is fine, but don't attempt to control their thoughts too much.  It's important to know how far the new hire can run, where the limits are, where the biases are - after which you can and should start reeling them in.

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On transparency between Management, Board and Investors...

I asked Jim the question about the level of transparency he maintains with the board.  He divided his response in multiple layers. The CFOs ...