A Quote by Carl Icahn

A great company in the media business needs visionary leaders, not a conglomerate structure headquartered in Columbus Circle that second guesses. — © Carl Icahn
A great company in the media business needs visionary leaders, not a conglomerate structure headquartered in Columbus Circle that second guesses.
I'm from the school that great performers and great leaders create more great leaders. Give people other experiences, other responsibilities. Have them join organizations within the company and outside the company.
All business leaders need to be technologists, as every industry now has a Netflix or an Uber on the horizon, threatening to upend business as usual. Apps are driving this disruption, and every enterprise needs to become an app company.
A second-guesser is one who doesn't know anything about the first guess, and he's one who needs 2 guesses to get one right.
Wright is a visionary with a great strategic mind, and he's a strong business leader with outstanding people skills, ... He's a terrific guy and will be a key force in guiding the company's future growth.
I suddenly realized that in order to do what I wanted to do, I had to become that which I hated - which is the head of a record company or a digital media conglomerate - and just do whatever you want.
Level 5 leaders channel their ego needs away from themselves and into the larger goal of building a great company. It's not that Level 5 leaders have no ego or self-interest. Indeed, they are incredibly ambitious-but their ambition is first and foremost for the institution, not themselves.
You can look at the cost structure of an incumbent company and discover: where are they not going to be able to drop their prices... because that business model is fundamental to the existence of the company.
The digital business is a fantastic business to be in. The only thing you have to do is build a cost structure for a declining business, which is different from the structure for a growing business.
Visionary CEOs don't need someone else to demo the company's key products for them. They deeply understand products, and they have their own coherent and consistent vision of where the industry/business models and customers are today, and where they need to take the company.
When the world is in the midst of change, when adversity and opportunity are almost indistinguishable, this is the time for visionary leadership and when leaders need to look beyond the survival needs of those they're serving.
Every schoolchild knows that Columbus set out across the sea to prove that the world was round. But the belief in a spherical earth had a long and illustrious pedigree, as Columbus himself was well aware. . . . "The second reason that inspired the Admiral [Columbus] to launch his enterprise and helped justify his giving the name 'Indies' to the lands which he discovered was the authority of many learned men who said that one could sail westward from the western end of Africa and Spain to the eastern end of India, and that no great sea lay between."
A visionary company doesn't simply balance between idealism and profitability: it seeks to be highly idealistic and highly profitable. A visionary company doesn't simply balance between preserving a tightly held core ideology and stimulating vigorous change and movement; it does both to an extreme.
At Travelers, we were much more opportunistic. It was very successful, but it wasn't an integrated financial services company. We had a property casualty company, a life company, a brokerage company. We were a financial conglomerate. It wasn't a unified, coordinated strategy of any sort. When it merged with Citi, that became a big issue; Citi, at that time, wasn't yet a fully integrated, coordinated company.
I think having a visionary CEO is awesome, and visionary leadership is one thing, but you also need checks and balances on whether this company can withstand a very honest and critical look at itself.
What an investor needs is the ability to correctly evaluate selected businesses. Note that word “selected”: You don't have to be an expert on every company, or even many. You only have to be able to evaluate companies within your circle of competence. The size of that circle is not very important; knowing its boundaries, however, is vital.
The plate tectonics of media have shifted where NBC had to become a new media company from an old media company.
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