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The CEOs in "The Outsiders" used several unconventional techniques that led them to outperform the S&P 500 by twenty times. One of the key techniques was extreme decentralization, which involved driving managerial accountability to the lowest levels. This approach allowed for more efficient decision-making and greater employee empowerment. Another technique was the avoidance of non-essential business practices such as investor relations, which was considered a waste of time. Instead, these CEOs focused on core business operations and long-term growth strategies.
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A book that received high praise from Warren Buffett, The Outsiders chronicles the unconventional techniques that led eight CEOs to outperform the S&P...
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Singleton did not reserve any day-to-day responsibilities for himself. He emphasized extreme decentralization, driving managerial accountability to the lowest levels. For a company of 40,000 people, Teledyne's headquarters had less than 50 people with no human resources, business development, or investor relations departments. Singleton considered investor relations to be a waste of time, famously avoiding Wall Street and not declaring quarterly earnings guidance.
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