“The biggest problem in business is ego. Too many CEO’s are on an obsessive ego trip. The second problem is an executive who surrounds himself with yes-men. The third is a variation of the second – the executive who isolates himself. The fourth is the Peter Principle. Watch out for companies in which the mediocre people eventually get to the top – the person who waits the longest becomes the boss.”
-Larry Tisch, as quoted here
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