TIP493: Should CEOs Have Term Limits? w/ Bill George

The Investor's Podcast (We Study Billionaires) - The Investor’s Podcast Network

Stig Brodersen

Business, Education, Investing

4.6 • 3.6K Ratings

🗓️ 11 November 2022

⏱️ 68 minutes

🔗️ Recording | iTunes | RSS

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Summary

IN THIS EPISODE, YOU'LL LEARN: 17:01 - Bill’s early crucibles that helped him evolve into an empathetic leader. 30:25 - How to find your own True North and how to determine whether a company's leader is following their own. 27:26 - How Bill took Medtronic to $60B while cultivating an inclusive culture. 34:25- Why Bill set a 10-year term limit for his time at Medtronic. 37:12 - CEO’s that handled the pandemic the right way including Satya Nadella of Microsoft, Mary Barra of GM, Corie Barry of Best Buy and others. 52:42 - Teaching Tracy Britt Cool at Harvard, who became Warren Buffett’s protege. 54:21 - Where CEOs go wrong. And much, much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. True North Book. Bill George's Website. Trey Lockerbie Twitter. SPONSORS Support our free podcast by supporting our sponsors: River Toyota Fundrise 7-Eleven The Bitcoin Way Onramp Public Vanta ReMarkable Connect Invest SimpleMining Miro Shopify Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TI-P.
0:03.0	Hey guys, I'm really excited to share an upcoming event hosted by the Investors Podcast
0:07.4	Network.
0:08.4	Beginning on Monday, October 17th, we are launching a stock pitch competition for all of you
0:13.2	to compete in, and the first place winner will receive $1,000 plus a year-long subscription
0:18.3	to our TI-P finance tool and more.
0:21.0	So don't miss your chance to win $1,000.
0:24.0	If you're interested, please visit theinvestorspodcast.com slash stock-competition for more information.
0:30.1	The last day to submit your stock analysis will be Sunday, November 27th.
0:34.2	And to compete, please make sure you're signed up for our daily newsletter, We Study Markets,
0:38.5	where we'll announce the winners.
0:40.1	All entries can be submitted to the email newsletters at theinvestorspodcast.com.
0:45.0	Good luck!
0:46.8	My guest today is Bill George.
0:49.4	Bill is a very impressive guy.
0:51.9	In his career, he was an executive with Honeywell and Litton Industries and served in the US Department
0:56.8	of Defense.
0:58.1	He then became CEO at MedTronic, where he took the company from 1.1 billion to 60 billion
1:04.0	in 10 years.
1:05.8	The 10 years is interesting because he actually created a 10-year term limit for his time
1:10.6	as CEO.
1:12.1	From there, he became a professor at Harvard Business School, where he taught leadership
	...

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