We Study Billionaires - The Investor’s Podcast Network

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

Nov 11, 2022

Bill George, former CEO of Medtronic and Harvard professor, discusses his empathetic leadership journey and the concept of 'True North.' He shares insights on cultivating inclusive cultures while growing Medtronic to $60B and explains why he believes CEOs should have a 10-year term limit to encourage adaptability. George highlights successful pandemic leadership examples, including Satya Nadella and Mary Barra, while emphasizing the critical role of personal values in effective leadership.

01:04:26

Episode guests

Bill George

AI Chapters

Episode notes

Intro

3min

Berkshire Hathaway's Q3 Insights

10min

Discovering True North: Purpose and Leadership in the Modern Age

6min

Navigating Values in Leadership

9min

Evolving Leadership: Values and Innovation

9min

Adaptive Leadership in Crisis

14min

Leadership Lessons from Notable CEOs

17min

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.

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