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William N. Thorndike Quotes

Total quotes: 3
“You have to be willing to always ask what the return is and to go forward only with projects that offer attractive returns using conservative assumptions.”
— William N. Thorndike , The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success
Tagged: Basic Business, Conservative Business
“Buffett has famously eschewed splitting Berkshire's A shares, which currently trade at over $120,000, more than fifty times the price of the next-highest issue on the New York Stock Exchange (NYSE). He believes these splits are purely cosmetic and likens the process to dividing a pizza into eight versus four slices, with no change in calories or asset value delivered. Avoiding stock splits is yet another filter, helping Berkshire to self-select for longterm owners.”
— William N. Thorndike , The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success
Tagged: Berkshire Hathaway, NYSE, Ownership
“In a company with over 270,000 employees , there are only 23 at corporate headquarters in Omaha. There are no regular budget meetings for Berkshire companies. The CEOs who run Berkshire's subsidiary companies simply never hear from Buffett unless they call for advice or seek capital for their businesses. He summarizes this approach to management as 'hire well, manage little' and believes this extreme form of decentralization increases the overall efficiency of the organization by reducing overhead and releasing entrepreneurial energy.”
— William N. Thorndike , The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success
Tagged: Berkshire Hathaway, Decentralization, Manage Little, Management
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