Working for a big company is, I believe, much risker than it looks.
When you work in television, working for a big corporation, no matter who you are, you can always get cancelled. That sucks. Do you really want to work with an axe over your head for the rest of your life? Not me, not really, and not if you don't have to.
One has to live with the fact that some corporate decisions are going to be wrong. As long as most of the decisions are right.
When large companies take on risk, then they impose risks on the rest of the system. And these are systemic risks and these systemic risks we never used to think were really that important, but as soon as we recognize how the financial sector - the risks the financial sector takes on can impact the entire global economy, we realize that those risks needed to be controlled for the social good.
Valdez was a devastating experience for our corporation. What emerged from that was a commitment to develop a systematic approach to managing risk in advance.
As for the company, I did all I could from the very outset of this affair to remove Yukos and its employees from danger.
Great companies have been reduced by hiring executives that don't work out.
You have three options [as a CEO]: Either you die, you get fired, or you retire. Two of those options I don’t care for.
Months thereafter he retired.
I think it would be a great improvement if there were no D&O insurance . The counter-argument is that no-one with any money would serve on a board. But I think net net you'd be better off.
Institutional blindness is a major threat to the future of all corporations.
It doesn't take many people to have a bad sense of humor to get in trouble at a corporation.
In 'Power Play', Finder uses the thriller structure to make pointed observations about gender in the workplace, the corporate caste system, and the true nature of risk in the global business environment.
The larger the corporation, the greater the risk that you are flying blind.
What I see in the corporate sector is very clearly an issue of a major shortfall in the issue of, what some people call confidence, but whatever you want to call it. Clearly people are looking out in the very distant future and they are saying that it is too complex.
In today's world, working for yourself is actually the safer route, and working for a corporation has become the riskier proposition.
The massive reduction in risk that is inherent in the development of the modern corporation has been far from fully appreciated.
In a large successful company where your power base as CEO isn't all that secure, it's hard for a CEO to pursue a truly disruptive strategy.
If you pay attention to where your exposures are, you might tend up buying credit default swaps against a variety of people that you - companies that you deal with.
