Regardless of the industry, these entrepreneurs have their hands full everyday adhering to a business plan, managing daily cash flow, negotiating credit lines, overseeing operations and ensuring their overall business turns a profit.
Even with numerous quality control steps, units need to be subjected to random spot checks and production lines overseen by third parties (or ideally us).
The Los Angeles Dodgers paid one of their highest-ranking executives more than $400,000 from the team's charity in 2007, which accounted for one-quarter of the foundation's nearly $1.6 million budget that year -- compensation more in line with overseeing a $100 million charity.
Brokerage firms, in contrast, do not face stringent leverage restrictions and their various business lines are overseen by several different regulators and industry groups.
He not only ran his studio as a virtual assembly line; he oversaw the mass production of prints, based on his paintings, and a luxury line in tapestries, for which he provided cartoons.
The arrival of hip New York designer Marc Jacobs in the 1990s to design the ready to wear line and oversee the seasonal leather goods collections has proved a master stroke.
Jessop was assisted by John Duncombe, Thomas Denson and William Turner, and from 30 October, Thomas Telford was appointed to set out the line and oversee the construction.
They must be astute risk managers who can grasp all the different business lines while also overseeing strategic and legal changes — and for good measure inspiring the troops and deftly handling regulators, shareholders and the press.
That left Mr. Prince, with his own limited operational experience, in the office of the chairman flanked by two lawyers: Lewis B. Kaden, who was the chief administrative officer and had no prior banking experience, and Mr. Rubin, who is a constant and close adviser but has refrained from closely overseeing lines of business at Citigroup.
Top executives down to the managers overseeing line workers now understand customers' needs and are able to keep a close eye on production standards.
