Eric Schmidt on the Life-Changing Magic of Systematizing, Scaling, and Saying "Thanks" (Live)
Conversations with Tyler
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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