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When asked how long the young cadre of executives has to show results before their jobs are in jeopardy, Whitacre wrote, "Not long.
There's no "economic theorem," he says, "that just letting boards write whatever contracts they want with their executives has to be the right course of action".
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And however good the relationship, the executives have to bow to the pressure to produce.
EVEN the best chief executives have to leave the top position eventually.
And he found that network executives had to be shaken from stereotypes.
Once their bottom line was affected, even the most myopic executives had to take notice.
DECIDING to sell a business unit or subsidiary can be one of the hardest decisions chief executives have to make.
Case Farms executives had to have known that many of their employees were unauthorized.
Then, ABC entertainment executives had to work secretly behind the news division's back to chase Mr. Letterman.
The executives have to talk to each other and understand each other's business".
Chief executives have to choose those metrics carefully because, as the saying goes, what gets measured gets managed.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com