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1min chapter
Mohnish Pabrai Lecture at Boston College
Chai with Pabrai
The Family, Where Do We Sign You Know?
In 19 98, they appointa hired guns. I think that for the first time ever, it was not a family member who was going to run the business. They appointed cospeker, a african, as the c eo. And kospeker said to the family, le, i don't want you to give me a bays salary. Please make my annual bonus zero. Any you want me to leave, you can let me go with no severance. All i ask is that whatever value i create, three % of that accrues to me. So the family said, where do we sign you know?
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