num_pages: 251
description: It is impossible to produce superior performance unless you do something different.  John TempletonWhat makes a successful CEO? Most people call to mind a familiar definition: a seasoned manager with deep industry expertise. Others might point to the qualities of todays so-called celebrity CEOscharisma virtuoso communication skills and a confident management style. But what really matters when you run an organization? What is the hallmark of exceptional CEO performance? Quite simply it is the returns for the shareholders of that company over the long term.In this refreshing counterintuitive book author Will Thorndike brings to bear the analytical wisdom of a successful career in investing closely evaluating the performance of companies and their leaders. You will meet eight individualistic CEOs whose firms average returns outperformed the S&amp;P 500 by a factor of twentyin other words an investment of $10000 with each of these CEOs on average would have been worth over $1.5 million twenty-five years later. You may not know all their names but you will recognize their companies: General Cinema Ralston Purina The Washington Post Company Berkshire Hathaway General Dynamics Capital Cities Broadcasting TCI and Teledyne. In The Outsiders youll learn the traits and methodsstriking for their consistency and relentless rationalitythat helped these unique leaders achieve such exceptional performance.Humble unassuming and often frugal these outsiders shunned Wall Street and the press and shied away from the hottest new management trends. Instead they shared specific traits that put them and the companies they led on winning trajectories: a laser-sharp focus on per share value as opposed to earnings or sales growth; an exceptional talent for allocating capital and human resources; and the belief that cash flow not reported earnings determines a companys long-term value.Drawing on years of research and experience Thorndike tells eye-opening stories extracting lessons and revealing a compelling alternative model for anyone interested in leading a company or investing in oneand reaping extraordinary returns.
language: English
title: The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success
publisher: Harvard Business Review Press