Today’s advice comes from NYC Mayor Michael Bloomberg:
“I’m a big fan of delegation.
I ran a company 24/7 worldwide with 10,000 people; now I have 300,000 people, but in this sense there is no meaningful difference between the company I ran before and this public institution.”
“If you want to attract good people, you have to align incentives with your objectives, let them make decisions, and make sure they have the backing of their boss.
You can’t have it both ways: You can’t hire people to run the company and then not let them do what they think is right.”
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