Dennis W. Bakke, the co-founder of energy company AES, believes executives should defer nearly all decisions to employees. Of course, many shareholders blame him for a 92% drop in value between 2000 and 2002 ($70 to $5). But look what has happened since.
"With the exception of those required by law to be made by top executives, all other decisions, including those with major financial implications, should be delegated to team members who are closest to the matter under consideration.
Link. Learn about his new book at his site. Other link. Chart.
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