318. It’s Your Problem Now

Freakonomics Radio

Freakonomics Radio + Stitcher

Documentary, Society & Culture

4.6 • 32K Ratings

🗓️ 8 February 2018

⏱️ 44 minutes

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Summary

No, it's not your fault the economy crashed. Or that consumer preferences changed. Or that new technologies have blown apart your business model. But if you're the C.E.O., it is your problem. So what are you going to do about it? First-hand stories of disaster (and triumph) from Mark Zuckerberg, Steve Ballmer, Satya Nadella, Jack Welch, Ellen Pao, Richard Branson, and more. (Part 4 of a special series, "The Secret Life of C.E.O.'s.")

Transcript

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0:00.0	It's frankly a horrible job.
0:05.0	Yeah, I wouldn't want it.
0:06.0	I had my ass kicked in enough times.
0:09.0	I blow up a factory.
0:10.0	She wants to allow them to make some mistakes.
0:13.0	The board didn't have a stomach for it.
0:15.0	From day one, you are the CEO.
0:23.0	So let me ask you this.
0:24.0	A lot of CEOs seem to want to be as uninteresting
0:29.0	and unrevealing, almost as inhuman as possible
0:32.0	when they're speaking in any public or quasi-public setting.
0:36.0	Is that strategy?
0:38.0	Is it personality or something else?
0:41.0	I think they have bad advisors.
0:46.0	They have, I think, one of three things.
0:48.0	They either have that as a basic personality.
0:51.0	Two, they've been advised to be as benign as possible.
0:56.0	Or three, they are scared.
1:01.0	That's the former tech CEO, Carol Bartz.
1:05.0	And I don't buy any of that.
1:08.0	I think people want to know where you stand,
1:11.0	where your company stands, what you stand for,
	...

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