Do CEOs Need Term Limits?

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The Motley Fool

Business, Investing

4.3 • 3.1K Ratings

🗓️ 6 August 2022

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

What does it take to be a great CEO in 2022? Leading with a True North, and breaking down some of the crusty hierarchical structures. Some leaders get it, and some really don’t. During Bill George’s tenure at Medtronic, the company’s market cap rose from $1 billion to $60 billion. He believes that leading with authenticity is one of the reasons he was able to help do that. Ricky Mulvey caught up with George to discuss his forthcoming book, “True North: Leading Authentically in Today's Workplace” as well as: - How Best Buy CEO Corie Barry pivoted during the pandemic - Mark Zuckerberg vs Satya Nadella - Why more companies may benefit from giving CEOs a term limit - Mary Barra’s big goals at General Motors - How to find your own True North Stocks mentioned: MDT, MSFT, META, BBY, VMEO, GM Host: Ricky Mulvey Guest: Bill George Engineer: Dan Boyd Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Theos and Saturday talking about last quarter's earnings.
0:03.8	Look, that's history.
0:05.3	It's interesting, but it's history.
0:07.9	You should be talking about market share, net promoters' doors, customer satisfaction,
0:13.3	new products, new innovation, what's coming.
0:16.0	What are your employee surveys showing in terms of the engagement of your employees?
0:20.9	I'm Chris Hill and that's Bill George.
0:26.6	He knows a thing or two about spotting great leaders.
0:29.1	He's a senior fellow at the Harvard Business School and before that, he spent a decade
0:34.0	as the CEO of MedTronic.
0:36.6	Overseeing the growth in the company's market cap from $1 billion to $60 billion.
0:42.6	Ricky Mulvey caught up with Bill George to talk about how investors like us can evaluate
0:47.3	CEOs, turn around to Microsoft, General Motors and Best Buy, and why more companies could
0:54.2	benefit from giving CEOs a term limit.
1:03.1	Let's first talk about what a true north is and then we're going to have a discussion
1:06.4	about maybe some leaders with a strong true north, maybe ones that are wavering from it
1:11.9	a little bit and then we'll see where we go from there.
1:15.1	You're true north as who you are.
1:17.0	It's your most deeply held principles that you lead by, your beliefs and your values.
1:24.1	It's also where you find fulfillment and satisfaction in your life.
1:28.3	It's not about the external money fame and power.
1:30.7	It's really about who you are.
	...

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