Eric Schmidt on the Life-Changing Magic of Systematizing, Scaling, and Saying "Thanks" (Live)
Conversations with Tyler
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The Role of Ownership in Corporate Governance
Companies should focus on the right incentives, such as changing the world, delivering great products, and serving customers rather than promoting short-term interests. The quality of shareholders is key to producing better governance. In a situation where shareholders can overthrow anything, optimal long-term governance may not be achieved and companies may focus on short-term earnings instead of taking risks for the long-term. Google's three-class system insulates them from such misalignment.
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