2min snip

We Study Billionaires - The Investor’s Podcast Network cover image

TIP654: Investing Across the Life Cycle w/ Aswath Damodaran

We Study Billionaires - The Investor’s Podcast Network

NOTE

The Evolution of CEO Success and Steve Jobs

Companies undergo significant transformations as they grow, and the success of CEOs can vary dramatically throughout a business's lifecycle. Historically successful companies like Yahoo and BlackBerry saw their leadership remain static, resulting in a decline as market dynamics changed. This highlights that no universal archetype exists for a great CEO; individual effectiveness can wane. The case of Steve Jobs exemplifies this, as his early decisions at Apple—including the creation of the ill-fated Lisa computer—demonstrated his shortcomings as a CEO at that time. However, Jobs evolved during his second tenure by acknowledging his strengths as a visionary while delegating operational responsibilities to Tim Cook, who excels at execution. This partnership between vision and operational management is crucial, suggesting that visionary CEOs should empower others to handle the mechanics of the business to achieve sustained success.

00:00

Get the Snipd
podcast app

Unlock the knowledge in podcasts with the podcast player of the future.
App store bannerPlay store banner

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode

Save any
moment

Hear something you like? Tap your headphones to save it with AI-generated key takeaways

Share
& Export

Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more

AI-powered
podcast player

Listen to all your favourite podcasts with AI-powered features

Discover
highlights

Listen to the best highlights from the podcasts you love and dive into the full episode