OVER-INVESTING IN FUTURE EXECUTIVES WHILE CONSTRAINING CURRENT MANAGEMENT COSTS.

OVER-INVESTING IN FUTURE EXECUTIVES WHILE CONSTRAINING CURRENT MANAGEMENT COSTS.

I have usually over invested in management talent and it shows in the profits on one hand and in growth rates on the other. I only build growth companies.

It takes a few years to train someone well enough to operate successfully. And if you want growth you need talent.

This is why my criticisms of middle management don’t seem right.

But I don’t hire middle managers. I hire future executives in training and I rotate them all over the company.