Good CEOs Should NOT be Visionaries.

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The FTX Bankruptcy has shed light on a lot of bad business and investing practices both within the company and outside of it.
One of the biggest issues that now seems funny in hindsight was the undue attention placed on the businesses founder and CEO, Sam Bankman-Fried or SBF as he is better known amongst recently bankrupted crypto bros.
In the lead up to its eventual collapse, SBF arguably got more attention than the multi billion-dollar organisation he ran. Unsophisticated financial commentators all the way up to the worlds largest venture capital firms were captivated by the fact that he wore the same sneakers as their grandparents and drove a Toyota corolla.
As the FTX story unfolds allegations are now coming to light that this geeky persona was little more than a carefully curated image and that Bankman-Fried would go so far as to intentionally act erratic with outside investors because it furthered his image as some kind of misunderstood visionary genius.
But what was for some reason a big selling point for SBF and his doomed companies should really be a cautionary tale for all of us. Visionaries do not make good CEO’s and to take it a step further, good CEOs should not be visionaries.
It’s easy to throw stones at the rubble of a bankrupt company like FTX, but celebrity CEO’s have become a genuine problem that might be costing us all a lot of money even if we don’t directly invest in their companies.
So it’s time to learn How Money Works to find out why knowing who the CEO of a company is could be a really bad sign.
#ceo #business #howmoneyworks
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Credits:
Thanks to EdEd6767 for the photo at 7:19
commons.wikimedia.org/wiki/Fi...
Edited By: Andrew Gonzales
Music Courtesy of: Epidemic Sound
Select Footage Courtesy of: Getty Images
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[@HowMoneyWorks]

Thank you Helix for sponsoring! Visit helixsleep.com/howmoneyworks to get up to $200 off your Helix mattress, plus two free pillows #helixsleep

[@Kaelthas93]

Starting video with Adam? Bold move to include that clown.

[@pradhyudh]

Can you name any non visionary ceos , i only know one , the Dell guy seems to be quite mild

[@lilsimon420]

Alright I really love this channel and imo you have made amazing and deeply insightful videos in the past, but comparing Elon Musk to straightup frauds like SBF,Holmes , or semi frauds like Neumann is a too far of a stretch imo - also, almost every tech stock is down 50% since its ath in november 2021, not just tesla. Definitely elon musk seems to be doing weird stuff with twitter and potentially overleveraging his assets in tesla, but I still think that he does not even remotely play in the same leagues as Holmes/Neumann/SBF (he's several echelons above them) - definitely some questionable musk moments, but he genuinely seems like someone who's trying to drive positive change. therefore this is my first "how money works" video that i wholeheartedly had to dislike. Other than that, keep pumping content, some of your videos have left a lasting positive impact on the way I see the world.

[@lilsimon420]

@Jroc834 generally agree

[@lilsimon420]

@Jroc834 imo elon receives way too much hate relative to other people at his level

[@thiago.c123]

Pls do not paint SBF as incompetent. He knew well what he was doing.

[@AJSHOPE]

Yes that's basically what I came here to say solely on the thumbnail. SBF is not incompetent, he is just as much of a fraud as the woman next to him. He even got into the exact same circles (i.e. Clintons).

[@huli566]

You can be evil and stupid at the same time lol

[@sivl9964]

SBF's way of getting out of committing fraud, just act like you're a dumbass.

[@nourmuhsen]

No, he was stupid. He thought he could gamble with users' money on shit tokens and come back positive. He just lost it all.

[@humantrash7980]

@@nourmuhsen both stupid and fradulent. i recommend watching coffeezilla videos on SBF. Great stuff

[@tim_graham]

"I like my mattress and I think you would too" - Didn't realize we'd be learning pickup lines, lol

[@edwardvermillion8807]

off-topic internet winner of the day

[@lilsimon420]

lol HAHAHAH

[@ReineGalena]

Oh my 🤭

[@chrisbowpiloto]

This video reminds me of an issue that I had with a nonprofit that I served with a few years ago. My dad was talking with a board member at a conference and the board member mentioned that "(leader) is a real visionary". My dad called me and said "I think I found the problem". Several years later, I am convinced that he was right.

[@camiloelgueta2213]

What happened?

[@chrisbowpiloto]

@@camiloelgueta2213 it's complicated, but boils down to leadership issues

[@foxymetroid]

​@@camiloelgueta2213I'm guessing the leader was surrounded by yes-men. To be successful, a leader must be aware of their weaknesses and failures and those are sometimes only visible to those with a different perspective.

[@David-ud9ju]

I tihnk it's dangerous to say that visionaries make bad CEOs. Almost every single successful company was created by a visionary otherwise they wouldn't have created the company. People who aren't visionaries aren't having new ideas for products and services and the world would just be stuck the way it is right now if we got rid of every visionary.

[@CaptainJeoy]

Steve Ballmer of Microsoft and all the opportunities he squandered is a very good example of why being a visionary is also important.

[@112steinway]

Interestingly, I think a good example of the right thing to do is Google because while the company was founded by Larry Page and Sergey Brin (who could be considered visionaries), they stepped aside in 2001 and let Eric Schmidt run the company when Google was looking to become a public company. You want a visionary to be the founder and leader of a company, but you want a manager to be the CEO of a company.

[@rostomyhadjsaid7856]

You've made a great example, i totally agree with you

[@dobariyanaitikdineshbhai6832]

@@Raj_Pandya But people still picture him as the person who controls the operations. He is the face of the companies, even though he is not the CEO.

[@dinglshingle]

eric schmidt era was pretty rocky for their founders and they never really agreed with each other. I don't think it's a great model. one may say that sundar the way better example of being a great ceo

[@GOPGonzo]

Note that most of the great companies separate the Visionary/Founder from the CEO. SpaceX has Shotwell to balance out Musk. Disney had Walt as the visionary, but had his brother Roy as the manager / bean counter to actually run the business. Without the visionary you never jump on the big opportunity. Without the manager you go broke because the visionary usually is so focused on the distant horizon that they lose sight of the bottom line.

[@nugget6635]

I'll tell you the truth. Most visionaries are assholes. They have antisocial personality disorder just like Steve Jobs. But Steve definitely had vision much more so than anyone at Apple. Let's compare Wozniak vs Jobs... Woz actually had more technical knowledge of computers. But Jobs was the one who wanted people to have these at home. Because Jobs is an antisocial he basically stole Xerox's technology and the result was the highly successful Macintosh. Job's antisocial behavior is also why he got kicked from Apple, he felt powerful and with the right to mistreat people.

[@samuelntim-addae2843]

This is great. The manager is a slept on role that provides balance

[@MrMarinus18]

And Disney, as a visionary also had a really bad labour record. This is often forgotten but he was a really hellish boss to work for and had no problems breaking the law if it suited him.

[@GOPGonzo]

@@MrMarinus18 That is not at all uncommon. Most of the people who become a founder / visionary / entrepreneur are workaholics and can't understand why everyone else isn't working 70 hours a week and loving it.

[@ascendlooks]

@@MrMarinus18 Literally has no correlation to the current discussion. Boo hoo he was a bad person what did you expect he lived in the 1900s

[@armorbearer9702]

It sounds like many visionaries have ego problems. All the praise and success gets to their head.

[@titan8084]

No, it’s cus they have results to back up their claims. Period.

[@FinancialShinanigan]

The "fake it till you make it" mentality of CEOs is troubling

[@2bfrank657]

It's really just a reflection on society, and the fact that we place our confidence most in those who display it the most. To a certain extent, society forces people to behave this way if they want to get ahead.

[@seri-ously8591]

It’s spread throughout everywhere in worse ways now. Just look at those tiktok teen millionaires giving advices, it’s jarring as hell.

[@renanfelipedossantos5913]

More like fake it till you break it...

[@GT-tj1qg]

You can help today. Talk to an introvert. Ask them what they think.

[@Living_Life242]

Really hope the Fire Festival guy doesn’t get a second chance to “fake it”.

[@derciobene3458]

I think that a business benefits from visionaires early on. When everything is starting and the ground is constantly changing beneath everyone's feet. But, when a company reaches a certain level, in which the ground is already established, everything is running smoothly, then a visionary can actually cause problems. Unfortunately, we tend to idealise the visionaries instead of the normal, average, 9-to-5 CEOs that can relate to their staff and are predictable

[@CountingStars333]

You're right.

[@code82star12]

9-to-5 CEOs that can relate to their staff. hahahaha I have never seen one in a big company. Does not mean it dose not exist but....

[@bjjkickboxing7876]

@@code82star12 a ceo definitly relates to his employees(at least those who work directly for him). Dont let these elon musk type of ceos trick you into thinking that these guys are from another planet. Most of their work is handling the staff.

[@code82star12]

@@bjjkickboxing7876 Thanks for replying back. I agree with you CEO can relate to direct reports. But, most of them can not relate to people who are way down the ladder. Ex) Disney, Starbucks, etc. They have a completely different lifestyle than us. Agree with your second point. These are just human beings too. Also, some like to take credit for other people's work.

[@bjjkickboxing7876]

@@code82star12 Yeah i agree with you. We are just ysing these terms to mean different things. When we say "relate" we arent talking about lifestyle or emotionaly. In that sense i totally agree with you. What we mean by it is that the normal corporate ceo just wants to do his job and make the company run as smoothly as he can to maximise profits, the same way the employee just wants to do his job and maximise his own profits, contrary to these "visionary" ceo's who instead of jist running a business they want to "CHANGE THE WORLD" and "disrupt the market" and all of this jibble jabble that most fo the employees dont give af about. That is what i meant by it, so im not dissagreing with you.

[@carloreneeventura8714]

"visionary" is a title given to you by other people you work with, Not something you can just declare by yourself

[@adityajadhav3045]

Agree with this video. But CEOs being visionaries is sometimes inevitable because they are the founders. Eg Tim Cook & Sundar Pichai are good CEOs but they could never create companies like apple and google

[@SSchithFoo]

Yeah I guess Steve Jobs lucky for Apple died before he took it down with him.

[@gabsnandes7818]

@@SSchithFoo jobs and his insanity and toxic perfectionism would never fly with the level of competition we have today

[@gregmattson2238]

@@gabsnandes7818 c'mon.. you think that apple no longer has the culture of toxic perfectionism? I turned down a job at apple because you were expected to be in the office 6 days a week, 60-80 hours/week. Now I don't mind work - in fact I DO work that much often - but I hate the idea that my employer doesn't trust me to do so and forces me to be there just because it fits their idea of what work should be.

[@gabsnandes7818]

@@gregmattson2238 I expect that, but jobs is legit next level in regards to that, it's much worse than 80 hour weeks, he did some crazy shit at Apple

[@jesuszamora6949]

To be fair, Apple's business is mostly in selling image itself. It's why Microsoft fails in image-heavy businesses like the high-price cell phone market and why their only successful living-room product has been the Xbox consoles (and even then, it has more to do with the product than with a cult-leader CEO). Visionaries that aren't in the image business can succeed for a time, like Musk with Tesla, eventually fall because their ego gets in the way. For Jobs, his ego and obsession with aesthetics was the entire point. This is why iOS devices are bought as status symbols while Windows PCs and Linux servers do most of the business. A product-focused company with an image-obsessed leader are anathema.

[@anonymoose3423]

I love how these fraudsters are all trying to cosplay Tony Stark, who himself gave Pepper Potts the CEO seat since he knew that "visionary" is not a good adjective for that role.

[@BloodyMobile]

I've already noticed that visionaries should NOT lead a company's public image with No Man's Sky. That dumpster fire only happened because the person hyping the game had no idea what was actually possible to turn into reality at the time WITHIN the time they had.

[@davidkonevky7372]

actually it was more of sony's fault because they rushed the release of the game, leaving no time for the devs to fix it or add the things people wanted

[@mr.p215]

@@davidkonevky7372 I mean Hello Games set the release date and Sony even let them have a few months delay because the team said that was the time they needed to clean up the game

[@ElonlFFF]

Compared to what is going on with Star Citizen, that feels like an honest mistake by the developer 🤣

[@muhammadammarrasyid5780]

And thankfully, the person has learned from his mistakes, and spent years making up to it.

[@CountingStars333]

It's a good game now

[@NS-cs3wp]

At 6:53 ish, you show a clip some news reporter talking about Elizabeth Holmes and she describes what the Theranos lady did as "some business dealings related to a failed blood testing start up". That comment made me sit up and shout at my screen "Some business dealings?! People died, lady!"

[@toomanyaccounts]

She also damaged legit research into improving blood testing. Companies that do real work on lowering the amount of blood needed for a test or several or making the machines smaller and cheaper, have a hard time getting funding. Making the machines smaller and cheaper and if possible portable makes doc work in remote regions a lot easier since the blood testing can be done on sight.

[@2bfrank657]

Oh, she knew that. I don't know why she was downplaying the offending so obscenely, but she knew what she was doing.

[@keysersoze5032]

yeah you definitely did that bud

[@NS-cs3wp]

@@keysersoze5032 of all things that happened, yes, this also happened. There is truth on the internet.

[@future62]

This is just an extension of the "I need a savior" complex people subscribe to. People are insecure and dissatisfied, so they pin their hopes and ideology to these larger than life figures. I don't know if it's just how we're wired or if something has gone wrong but I see it everywhere.

[@125loopy]

I think we must be wired to be scammed by con artists. It makes no sense to me why people are so in love with billionaires - even the ones who are openly awful. Everyone hopes they'll become rich like their idol so they just follow.

[@jesuszamora6949]

@@125loopy Not everyone is like that, or things would be a LOT worse out there. There's more than 8 billion people out there, you only need a few thousand suckers to get rich off.

[@thecoach11]

The world is a stage and people like Musk for example are very well paid characters.

[@subhamanand5416]

@@jesuszamora6949 if a billionaire visited your neighborhood most people will actually get excited about it

[@thecoach11]

@@subhamanand5416 Not everyone can be bought contrary to popular belief

[@mrwarr]

People look at me like I’m crazy when I say I’m probably not the best person to run my business after launch. Now I have something to point them to when they’re inevitably baffled.

[@Swelly_K]

Many founders no longer run their companies after a while so this is actually more common than you think.

[@CountingStars333]

@@Swelly_K it's good not to.

[@Swelly_K]

@@CountingStars333 That's debatable, that said many founders still run their companies on the the other side of the coin and the companies can still do well.

[@kalvaxus]

I already dislike the connotation of 'celebrity', so 'celebrity CEOs' is a perfect name!

[@brianfenech10]

The problem is not a CEO being a Visionary. Greed, delusion but most likely above all else is ego. When you achieve that level of success it's easy to think you can never be wrong. Not at all helped by the tendency of many people to ideolize such successful people and put their complete trust in them. Although it's good to recognise their achievements, we cannot give them a free pass on their mistakes.

[@MrMarinus18]

I think the issue is that you have one person do multiple things rather than having specialists do it. With a "visionary" CEO you have a single person leading the management, marketing and design process all at the same time. This just is nowhere near as effective as having 3 specialists handle each seperately.

[@anotheran]

You miss labeled sbf, should be “visionary fraud”

[@brandonwest8108]

Seems he took your advance. You need to send an invoice for your mental labor/services.

[@namenloss730]

how is that different from musk or holmes or the guy from Nikola trucks? they overhype or sell ake products to increase their stock's value.

[@anotheran]

@@namenloss730 compared to just pumping up stock price, SPF took customer deposited crypto and funneled it into his other company... and now "lost it"

[@namenloss730]

@@anotheran musk bailed out solarcity with money that wasn't his. he pumped doge and dumped. he pumped tesla and dumped under cover of needing money to buy twitter. which was an obvious lie from the start (the reasons he wanted to back out were the exact reason he claimed when saying he wanted to buy). He sold billions of dollars worth of tesla stock at it's peak, which caused a 30% crash for his fanatics to absorb. yeah. exact same shit

[@anotheran]

@@namenloss730 pumping and dumping stocks and crypto is different than if the bank decided to take your checking and savings accounts to use for investing and lose it.

[@sameerankalbhor4369]

One big lesson in business can be that doing business is fairly simple it's logical don't need to be a visionary you need to be a doer

[@MrMarinus18]

It's because of idolization. We like to associate things with humans rather than with faceless institutions. However the truth is that most masterworks come from institutions. The leader of that didn't make the stuff, he/she enabled other people to do it. That's still a valueable job though and those others wouldn't have been able to do that work without him. But it's still often dismissed as "not work".

[@CountingStars333]

Not always. That's management, not foundational leadership

[@upsanddowns960]

But illogical people buy illogical product from successful illogical CEOs

[@watchaporia]

I died when I saw sbf as doofenshmirtz 😂😂

[@Irobert1115HD]

time stamp please.

[@ON-ry8iw]

@@Irobert1115HD 1:39

[@koonteriskool]

One of the things I think really contributes to this is how "normal" jobs are typically portrayed as somehow wrong in the media. Movies like Office Space, Fight Club, even the Matrix, always portray office work as mindless and dumb and that you should strive for some "exciting" job, but really having a boring job is normal and what you should be striving for.

[@JoelHernandez-tz3vk]

I'll never understand why people shame jobs. Specially jobs you're interacting with. Like that video of a dude in a fox fursuit shaming the cashier or a supermarket because he can afford a $10000 fursuit. My MOM of all people loves shaming jobs like these too... Sometimes while eating a said fast food restaurant. Which annoys me to no end.

[@idontknowwhatmyusernamesho5540]

what a dystopian thing to say, you sound like you’re speaking directly from the propagandists talking points

[@shawnsparks75]

Had to thumbs up solely on the topic. Asked this general question in college. Thanks for the supporting information. I Work for a “vey boring” Fortune 25 CEO and that’s exactly what I like about them. I need my CEO logically driven, nitpicking my “out of the box” ideas (I have a lot). Some of these “Great ideas” have poor real world implementation and application, I don’t want my CEO getting wrapped up in a visionary idea. That doesn’t speak well for my long term employment 🎉. Best CEOs I’ve worked for have been great at Project Management. That’s what I’ve based my career on. Great job! Love the channel.

[@2bfrank657]

You could describe your company as "conservative" vs a "revolutionary" business like Tesla. Certainly conservative businesses have their place, especially in finance, but there is also a need for revolutionary businesses to develop new technologies and move Mankind forward. It is always easier for someone to say "no" to a good idea than "yes" and move away from the comfortable, well known status quo. If such a decision has to go though many layers of management, then most good ideas are going to be rejected. Many good companies have failed due to their inability to innovate for this reason.

[@shawnsparks75]

@@2bfrank657 Not necessarily…..My company was acquired years ago. We became a division within the larger corporation vision. We handle commercial software as a division (very visionary, must be to stay competitive). Having an “Adult” in the room has helped with company growth (even during pandemic) bc visionaries are tiring….lol Everything is a GREAT idea or GREAT to explore….which you do feel like a pawn with little ability to come up with your own ideas. I’ve had more success when I’ve been 1/60K than when it was closer to 1/500. Run into the good and bad for both. Videos like this make me go🤔.🤘🏾

[@DerrickBest]

Sam was "logically driven" to fund politicians with customer's money. He was "logically driven" to lie right until he got busted. He's "logically driven" to go on a press tour and say "I been a bwad bwoy. I bought a multi million dollar with customer's money. Oopsie" He should be sleeping next to Bernie Madoff. Good CEO? More like very good con man.

[@shawnsparks75]

@@DerrickBest That’s why I always wondered why people put so much stock in “brilliant minds” as if they cannot have self-serving agendas. That’s why SBF scared me personally….reminded me of a drug dealer handling turkeys out on Thanksgiving saying. “See…remember this giving when the 💩the fan.🤘🏾 Trust people to be who they are is my motto.

[@reyyannajeeb1067]

I have a gripe with this concept. There are plenty of non visionary CEOs that ruin companies by being ultra conservative and not being forward looking. I would even argue that they are worse technologically and would much prefer a visionary CEO over one that will slowly grind it to a pulp (think GE)

[@Swelly_K]

I actually agree, I've read a book can't remember the name that speaks about this, not every business depending on it's cycle or position in terms of growth or sustainability benefits from the ultra conservative approach, in fact it can hinder the same things you mentioned, so yeah maybe there should've been a counter argument to that to balance things off.

[@imt3206]

@@Swelly_Kin case you remember the book’s name, please reply back

[@Swelly_K]

@@imt3206 I believe it was "Disruptive Business: desire, innovation and the re-design of business by Alexander Manu

[@BikeHelmetMk2]

@@Swelly_K Sears is a prime example. They could've been Amazon. Rural America lived off Sears flyers. When it's a 50 minute drive to the nearest big box store, the Sears depot was only 5 minutes away. Their CEO however had absolutely no vision. No clue on what to do to sustain the company and grow it into the new century.

[@Swelly_K]

@@BikeHelmetMk2 Yeah that's a great example but they do say hindsight is a bitch, it's easy to say that now but no one can truly predict things like that especially if you're someone that likes to play it safe (understandably so)

[@winderbmx]

This is honestly the only financial KZbin channel I watch now because this guy is so brutally honest and factual. Tired of the clickbait financial channels that say the same thing at the end of every video!

[@racistpixel1017]

The frx ceo is also froud, a thief, a scammer and not a visionaire at all... His vision is how to steel

[@thegreatgatsby9583]

these scams are so bad now. “chart” me up 😂😂

[@Jonathanseptiadi]

“Visionary leadership is widely seen as key to strategic change. That’s because visionary leadership does not just set the strategic direction - it tells a story about why the change is worth pursuing and inspires people to embrace the change. But research finds that the positive impact of visionary leadership breaks down when middle managers aren’t aligned with top management’s strategic vision. This can cause strategic change efforts to slow down or even fail. When middle managers were aligned with top management’s strategic vision, things played out as the widespread view of visionary leadership would suggest: the more these managers engaged in visionary leadership (by communicating their vision for the future and articulating where they wanted their team to be in five years,) the greater the shared understanding of strategy in their team, and the more the team was committed to strategy execution. For managers that were misaligned with the company strategy, however, there was a dark side of visionary leadership became evident. The more these misaligned managers displayed visionary leadership, the less strategic alignment and commitment were observed among their teams.” This is the summary of the Harvard Business Review that was mentioned. I don’t see how it suggests that the Visionary Leadership is the issue, the review suggests that the ‘Visionary Leadership’ strategy fails when/if … (as it is stated in the summary) I think the idea of leaders/CEO’s in this context to be Visionary is an idea that should be opposed, is a bit confused. Being a Visionary and being ‘entitled to the opinion of what the vision should be’ or ‘micro managing under the name of the vision’ is a different thing. I believe, a good Visionary Leader can also be an open minded communicator on giving the image / dream of what needs or could be achieved for their team. They could also be someone who could develop high tolerant ability to be able to let their managers do their own ways as long as it achieves the same hope and desire that they commonly share. Appreciate the effort of putting together the video to raise awareness of the issues tho, much love🙏🏻

[@2bfrank657]

I think the people referred to in the video would be better described as "celebrity leaders". You don't have to be famous to have a vision.

[@free22]

The problem is that we tend to only fund visionary leaders. People are attracted to interesting individuals and companies headed by personalities are the ones who get the most funding, without anyone stopping to see if they are effective or non-effective visionary leaders.

[@kangaroomax8198]

@@free22 It's less about funding visionaries, and more about funding people who can tell a good story about why their product is set to take over and industry.

[@free22]

@@kangaroomax8198 But that’s the problem. Being good at telling stories in order to get funding tells you diddly squat about whether someone can run a business. I once heard some venture capitalists talk about what they wanted to see in a potential founder of a company they would like to invest in. They talked about personality and confidence and said nothing about actually being good at doing much of anything. They might as well have been describing a new up and coming actor.

[@kangaroomax8198]

@@free22 But it does. People who can tell good narratives have the ability to sell, and if you can't sell what you have built to someone else then nothing else matters. Same thing with personality and confidence - the role of the CEO isn't to be on the ground building product, that's why you hire engineers and PMs. The role of the CEO is to convince Walmart to sign a $10 million dollar deal, or to convince the best AI engineer in the world to join the startup despite them having hundreds of other offers, or to convince the public why everyone should be downloading your app. The CEO's main skill is persuasion, and the best form of persuasion is storytelling around problems and solutions. Not everyone has that skill. There's a million smart people who can't sell a product to save their lives, and those products are all rotting in a scrap heap somewhere.

[@magicfingers3133]

A visionary CEO will always make visionary “risky” moves ( i.e metaverse) which will most times hurt the employees by mass hiring and layoffs rather then the company as whole

[@JasonPrice1]

Your basic premise is not particularly wrong but your lead-in has a problem in that there are clearly some full on grifters that were never actually visionaries and should be just treated as charlatans. However, you show them as visionaries.

[@NormanRichards]

Of these, only Steve Jobs was a visionary. Musk is just Elizabeth Holmes as a rich white guy with enough powerful friends to keep him alive. Musk routinely lies on stage about products and their capabilities. How many times has he claimed "we can do X today" and 5 years later they still can't do that thing? Remember when he lied about having a solar roof and showed tests of the products they actually had made? Remember nearly every claim he's made about self driving cars and specifically said "we can do this today" for things they still can't do? Remember when he lied about tesla battery changes? Remember when he lied about convoy technology? Go back and watch talks from must from 5 years ago and learn about all the things they could supposedly do then or supposedly could build then that even today they can't build. I'm not talking about "we thing we can do X" or "we hope to do Y" statements - I'm talking about flat out lies about current capabilities whose only purpose was to prop up his stock prices so he could purchase other companies with that fraudulently inflated valuation and pursue his personal political agendas like derailing public transportation projects. Musk is a fraud and a scammer, not visionary...

[@silverblank1139]

To be fair, yea. Someone like ford, or even jobs, despite my hate for the predatory practices of apple, are closer to visionaries

[@catcreme]

One of my biggest concerns is that people who manage pension funds buy into these CEOs' bullshit and invest their client's money in bogus schemes and then people are left with nothing.

[@tiagodagostini]

Vision is important when in the startup moment, but when company grows things change.

[@bigshaqdragon9653]

Good CEOs should be visionaries. Good CEOs should NOT be arrogant bullies who intentionally build their persona to mislead public.

[@AlexVoxel]

It is also important to note that many of them are the front face of the company, but they are way less important if we look in depth. They are just a good marketing device

[@churchofstfu]

Folks should think about why these folks (many of them turning out to be frauds) "have the right personality to seek early-stage capital". Could it be that investors are actually just not really that good at figuring out whether the person playing League of Legends during their meeting is the next JP Morgan or the next Ponzi? That'd imply that instead of efficiently allocating resources, today's markets are mainly good at throwing huge amounts of money at the wall to see what sticks.

[@justinokraski3796]

Well that just ties into the notion that it’s better to invest in index funds

[@ktv9247]

Bingo all these guys are overrated

[@ronblack7870]

to elon's credit he has said more than once that he doesn't want to be ceo of anything. the problem is no one would want to be ceo of his companies since he has so much control of the companies. spacex has been successful because of shotwell's skill running the company as well as elon's vision. without her at the helm they would have crashed and burned.

[@Stonkman]

Your content is one of the most needed on youtube financial scene. What, I believe, would benefit even more would be turning focus on exposing scams and scammers before people fall victim to them.

[@Shini1984]

Or maybe we should not bail out anyone and let the "free market" wipe them out naturally? CEOs keep asking for that and yet we insist on "saving" them... At the direct expense of every tax payer...

[@cziter144]

Just found this channel and i love the level of profesional explenations given here. You can always see when someone is passionate about a subject and i feel blessed to witness this and to understand how money works!

[@bolt5564]

I think visionaries are often great at starting companies with revolutionary ideas but often are not great at running them once the company is no longer a small start-up.

[@Eldemaer]

Totally agree. This entire video is just a personal opinion, just listing a few guys as "bad" examples. Visionaries start the companies in the first place. Companies that change industries and society. Standard boring CEO's are just overpaid managers. They hardly ever start companies that change industries. They just keep things running, but rarely start something new.

[@curiousHell1775]

Elon Musk cringe fanboys here

[@garodrameryan980]

Expecting success via a Messiah does not end well

[@Articulate99]

Always interesting, thank you.

[@ajrobbins368]

SBF would like us to believe he was just incompetent, not criminally fraudulent.

[@zimbu_]

I really like that "challenges of managing different sized organisations" has become a series, these videos are just very good food for thought.

[@luisandrade2254]

Even if a lot of what he says is ultimately garbage I do agree exposing yourself to different ideas is valuable

[@deeprajg1]

@@luisandrade2254 could you state a few things he said which can be considered as garbage?

[@luisandrade2254]

@@deeprajg1 half of it is. He’s very materialistic in his analysis which I get this is a finance channel but then maybe he should stay out of certain things

[@vimandmanyothers554]

@@luisandrade2254 could you state a few specific idea that you thought were garbage? I thought the video was pretty insightful

[@WanderTheNomad]

You guys are doing it wrong. Ya gotta say "I bet you can't even list one thing that he said that was garbage" Similar to Cunningham's law

[@jengawann]

Without visionaries companies like Tesla, Apple, Google etc wouldn't even exist, just because the stock market is irrational in the short term doesn't mean they don't add a net benefit to companies. Btw comparing SBF and Holmes with people like Buffet, Bezos and Musk is well... questionable at best

[@genericytprofile852]

Oof, the labeling of SBF as "incompetent" That did not age well. In all honestly it probably wasn't accurate when the video came out anyways.

[@jaskarvinmakal9174]

you missed the part where they paid a ton of money to media companies so they would give them favorable treatment or in many cases just simply bought one or two out.

[@tge2102]

No offense but who did that(other than bezos buying WP, which didn't really try to influence his image)? Isn't mainstream media grilling musk for everything possible? I think they just ran whatever sensationalised stories they could to make money without doing actual research and it painted those celebrity ceos in positive light.

[@egarcia1360]

He talks about that starting at 7:14

[@jaskarvinmakal9174]

@@egarcia1360 he kind of does but he barely scratches the surface of what this entails. SBF didn't only have people who did this for him he paid off entire media and other organizations that have their hands in the pie that is the media ecosystem. Including politicians and even Bloomberg.

[@Marqan]

I still cringe when I'm reminded that people thought Theranos is a good investment, or that those people are considered "charismatic"

[@2bfrank657]

It's like when you're looking for somewhere to eat, and all your friends want to stand in the queue for that place that "must be really good", rather than find somewhere that is not so busy.

[@jglee6721]

I went to Theranos to visit the lobby 2 months before the story broke. The freaking place was like a fortress. Not only they didn't let me in, the security guard told me not to take pictures on the outside. I was dumbfounded as it's no different than google earth. What's the big deal? When the story broke then it drawn on me.

[@sybrandwoudstra9236]

The most insultin part is that she tried to do that in the medical diagnostics sector. In medical research, every noteworthy discovery should be publicized in a paper, meaning the information Holmes was basing her company on should have been in the peer-reviewed literature. Meaning visible on the internet. The investors didn't look for any source material or they would have seen it was a scam.

[@lukeedwards7677]

I wonder - how would one describe Satoru Iwata, the previous CEO of Nintendo? While he wasn't as flamboyant as the examples in this video, he did have visionary ideas which pushed the company to greater heights with the Wii and his plans for the Switch which developed out of the failure of the Wii U and he certainly energised the company when it was losing its market share

[@iche9373]

Satoru just knows the story of Icarus.

[@internetperson3436]

@@iche9373 definitely one way to put it. Also note in Japanese culture, humility is a big tenant, so there's probably less ego with the visionary mindset, with him in fact taking a pay cut after the 3ds was underperforming, and I believe apologizing for it. He kept his feet on the ground and head in the clouds

[@lukeedwards7677]

@@internetperson3436 Professed humility, certainly, but not at the executive level - not unless you make a humongous f-up, at least I'm inclined to think that his training as an engineer and actually having done the same job as his staff before being promoted is the reason why he was so well grounded - I've not heard of many other Japanese CEOs willing to voluntarily take responsibility for their own strategic mistakes the way Satoru did; for instance, can you imagine Konami's or Sega's senior executives doing likewise?

[@Lizzie-ve7kt]

I think this is a good case for a why a founder of a company shouldn’t be its CEO. The issue is that so many founders want the prestige of the position without actually knowing what it all entails. They like the attention but not the day-to-day reality and logistics of what it takes to be a CEO.

[@alekshannibal1070]

I think the title should be "CEOs should not be distractingly charismatic"

[@paulyu7739]

Your contents never disappoint! Good job!

[@TheChannelofOrange]

The main difference is that Elon and Jobs are actually visionaries

[@blocksource4192]

elon isn't a visionary. jobs was.

[@davidpugh8772]

this video reminds me of my last business partner... it started out good but he was/is a visionary and wanted to build a company to sell and i wanted to build up a company to pass down... we bickered a lot about assets in the business, he always wanted to buy new vehicles we could finance and i wanted older used vehicles paid for with cash

[@CaptainJeoy]

A balance of both is the best - you need the visionaries as well as the non-visionaries.

[@Del_987]

My brother in Christ, 20% of this video is an ad.

[@nielsbishere]

SBFs part?

[@via45]

You can tell if a leader is good if they credit the staff, it's so obvious they are just the salesmen.

[@alexanderrydberg6118]

"good ceo's" are managers that can make a cash cow stay a cash cow. But they have no clue for how to get it there in the first place, and they can't manage extreme growth (which is something startups only have, not boring biz). "Visionaries" are the people that find new ways to do things and build companies around them for distrubution. These people are usually not professional CEO's and therefore need to learn a lot if they want to do it properly once the company is big enough. Elon (as an example) famously says he does very little of the actual business stuff, and lets other people in his organizations take on that role. Startups (where the person at the top is a "visionary") are not places that discourage new ideas, as you claim. It is their job to do new things.

[@mauvepd]

feel like there is an avenue to explore the tendency of “visionary CEOs” to be narcissists, hence making them irresponsible and unfit for their jobs. im not sure if i agree that all top level managers with a vision for the company’s direction, should not be a CEO, but perhaps im confusing the definitions here…

[@nicolaragazzini5574]

Totally agree with the video... and I think that we're gonna see less of these "visionary CEOs", now that the flow of venture capital money is shrinking. The ones that are there will remain there (except for those in jail), but there won't be many newcomers.

[@scwirpeo]

Doubt it. The trend is popular among wealthy investors. Look at the people who got caught out to dry with ftx. Not many of them are small frys. Just because big investors have money in no way separates them from idiotic human decision making. The talk out their ass ceo who never delivers is here to stay unfortunately.

[@Hiraeth-zq8ze]

This is kind of like the great conquering kings and great administrative kings. Cyrus would have a difficult time dealing with the administration or his empire in the way Darius excelled, but Darius could never have conquered the empire that Cyrus did. Same for Ghengis and Khubili khan or Caeser and Augustus.

[@harukrentz435]

Ancient Persian empire was crazily decentralized lol each region had their own goverment called satraps, or as we called it today, governor. This is how they managed to control their vast empire.

[@Hiraeth-zq8ze]

@@harukrentz435 woosh

[@antoniofra1455]

Your videos always very interesting and original ❤️❤️

[@DylanPorto45]

why doofenshmirtz hasn't been arrested only leads me to believe that I need to donate a lot of money to political parties before I commit fraud.

[@jtgd]

Blame the attorney generals for not charging them yet

[@tge2102]

@@jtgd ah, so which mythical organisation/entity controls the AG's again? It certainly isn't one of the two political parties that are in power, right?

[@DylanPorto45]

@@jtgd hence why I came to the conclusion I need to donate money lol. attorney generals in the DOJ are politically tied too. aka nominated by the president.

[@emiliog.4432]

And now the real message. A long word from our sponsor.

[@jacksonthomas21]

Sounds like more of a critique of celebrity CEOs than visionary CEOs. Also, you mentioned the most successful CEO in history as one of your visionary CEOs 🥴

[@blocksource4192]

Who are you talking about? Jeff Bezos?

[@jacksonthomas21]

@@blocksource4192 Maybe watch the video?

[@blocksource4192]

@@jacksonthomas21 I watched the video, and none of the people in the video were successful CEOs.

[@philoslother4602]

8:30 the thing you said about buffett is true But remember that anyone can afford it will charter a private jet instead of going through the airport security and waiting If people like Buffett wait for 2-3 hours, they have already lost 10s of thousands of dollars, then you have the entire security issue Private jets are simply a no-brainer for people with a net worth of 10 billion or more

[@KTSpeedruns]

Long story short: anyone with the charismatic social skills to draw investors into an unknown industry won't have any business sense whatsoever.

[@linsantiy6350]

CEOs and corporate executives should go to jail wayyyyy more often

[@camrenmugabe3062]

Yes. Corrupt ones should.

[@Verpal]

Good CEOs shouldn't need to be visionaries.... it is okay if they are though.

[@TheTokenAsianLifter]

This reminds me of that CEOs and life cycle of a company video from Aswath

[@sulimanthemagnificent4893]

It depends. What is their vision. AMD decided to go fabless, good vision. Intel’s decided to start selling its fabs, good vision. NVIDIA’s decided to focus on AI, server and prosumer

[@tge2102]

Yeah but those things aren't being pitched as the "second coming of christ" or the complete revolution of the human race though, is it? More importantly, your comment itself is crediting the company for doing that and not the specific CEO...

[@namenloss730]

i think the difference is that you are talking about a vision for an innovation, but when he says visionary he talks about people who claim they are revolutionizing their fields or the world. As far as i know NVDIA isn't claiming to change the face of the planet with a product that will bring you a 100% ROI per year and it would be financially insane not to by their product when it comes out a year from now for the last 7 years

[@bradb9635]

This video is doing a weird conflation of people who are actually frauds and criminals (SBF, Holmes, Neuman) and people who are merely unlikeable but otherwise competent and successful business leaders (Zuckerberg, Musk, Jobs).

[@Lobos222]

With the exception of Jobs. Both Musk and Zuck are people that got more lucky than having grand skills. I am pretty sure that even I would be successful if I just happened to buy a gigantic oil field just before oil was discovered as a fuel.

[@livedandletdie]

Comparing Musk with Zuckerberg is like comparing a person that works 80+ hours per week with someone who should be executed for helping vile men sell childporn. The first one being Musk and the second one being Zuckerberg. Because Musk removed all of that shit off Twitter, and Zuckerberg and Facebook is filled with the vile men selling that stuff.

[@FalkonNightsdale]

@@Lobos222 Well, that's point of being visionary - you know that there is an oil field and you believe in existence of a purpose for that black oily mess, despite anyone ridiculing you… And it was case of only the first company - all the others were about dragging bunch of engineers into unknown with clear vision - and as seen in comparison with it's shambling competition, it was something, that had it's immense weight…

[@Lobos222]

@@FalkonNightsdale LoL, you should watch some docs critical of Musk because you have tinted glasses on if you think that is how it happened, as an allegory.

[@nielsbishere]

Musk and zucc are incompetent too

[@CreativeMindsAudio]

Imo these visionaries are key to a companies success, BUT that doesn’t mean they should be the CEO. You can have a founder role and NOT be a CEO. CEO is a manager and planner for the future. Visionaries are not always the best planners and never are great managers for the reasons you mentioned. Steve Jobs definitely innovated and made good products, definitely better than the incremental changes happening now.

[@racistpixel1017]

All bussienes of elon musk is flourishing so i see no issues with him, whatever you think his ego or whatevers negative you believe in him, does no harm anyone... Now The ftx ceo is also froud, a thief, a scammer and not a visionaire at all... His vision is how to steel. He only lied that he is visionaire but while cashing his bank account with billions he did 0 to his so called "vision". Incompetence is nothing to do with him, he even doesn't feel sorry for what he did. In interview he smirked when reporter read a letter of a man who lost everything in ftx... He smiled, was something funny to him, then said im sorry and thats it... You not a teenager boy anymore, sorry wont cut it

[@CreativeMindsAudio]

@@racistpixel1017 flourishing? 😂 okay then. By what metrics? But agreed on the ftx thing. Elon (and I guess jobs too) does stand out from many of the others on this list because he had good intentions. But you know what they say, the road to hell is paved with good intentions.

[@FalkonNightsdale]

Not really… All he did (and his company continues to do) was "stealing" ideas from competitors and build a hype about their in-house variation… Apple is always in ~3 years long lag behind competition, which sometimes give them time to assimilate competitor's tech and build up high enough hype…

[@thewiirocks]

@@FalkonNightsdale It always amazes me how willing people are to rewrite history just because they don’t like that someone was successful. If you seriously think that the iMac, NextSTEP, iPod, iPhone, iPad, and many other products were not *revolutionary* to the industry, then you need your head checked. While some like the iPod just did it better than everyone else, fitting into a smaller form factor with better power management, others like the iPhone simply didn’t exist until Apple created them. Unless you saw a lot of capacitive touch screen portable devices with multi-finger gestures like pinch-to-zoom before that? (That’s a rhetorical question. Apple literally invented the concept.) Hell, I remember when they introduced Visual Voicemail and I was screaming at the TV “Thank GOD someone finally put the pieces together! The infrastructure has literally been there for YEARS!!!” It’s perfectly okay to not like someone while simultaneously recognizing their achievements. And that’s the only way you can ask the question: “Is there a way to replicate their success _without_ the elements I don’t like?”

[@panosdaras2824]

Fnally someone pointed that out! This is why you have companies that have someone with the role of President that is the right hand person of the company.

[@davidreichert9392]

Best kind of company to invest in: boring business with boring management. All of my best performers are exactly those.

[@hdhdhadn8356]

But Lisa Su, Jack MA and Masayoshi Son are visionaries and their companies are popular because of that.

[@lesslighter]

I don't think Softbank is that "visionary" of a company its more like its a Venture Capitalist company (Blackrock, Tiger Global) that just happens to operate cellular networks and Banks in Japan, AMD is no different from Intel, Alibaba is no different from Amazon them being CEOs are just by coincidence really

[@rocketman-766]

I think more suitable title should be "why egoistical and megalomaniac person shouln't be a CEO" visionaries came in many shape and if you notice the thumbnail there are always an adjectives on the word visionaries such as incompetent, fraud which implies that just being a visionaries in general won't make you a bad CEO

[@blocksource4192]

@@rocketman-766 Very true, being a visionary doesn't mean being a dumbass. Being a dumbass, and declaring yourself a "self taught engineer" like musk, is a true visionary dumbass.

[@Mayhzon]

Thing is: Countries like China or Japan are despite the image they may portray outwardly very traditionalist. A very progressive, visionary thinker in China or Japan would still be ultra-conservative by our standards. Our "Western" societies are so pozzed now, they absolutely off the charts what progressive visionary ideas is concerned. What we need is grounded people.

[@hdhdhadn8356]

@@Mayhzon I believe a balance of vision and management is what a good ceo should have.

[@sergeymelkumov5940]

Haven't watched the video but I agree with the title. Board members should be visionaries. CEO should execute that vision. Read Transforming Nokia, amazing book explaining how it should work.

[@lemmonsinmyeyes]

I think its important to have all kinds of CEOs. Not every company is a walmart. We saw what being a milk toast CEO did for intel or EA. It seems that, like you pointed out, there is an investor fascination with a tony stark CEO that will be the big thing. This seems to be more of the problem, the willingness of investors to be enablers of these kinds of CEOs. A badly behaved child is just as much a representation on the parents. Inverters throwing more money at these kinds of people than they probably should be, is incentivizing other investors to do the same. Not excusing any one persons actions here, but if we were more objective about the company itself, rather than the instagram model running it, then it would force the company to adapt. Thereby limiting 'visionary CEOs' detrimental attributes.

[@Heyu7her3]

*milquetoast

[@DodoLP]

im pretty sure it wasnt like blackrock fell for it, they just bought it in the sense "maybe it will go huge, or it goes bust like many others of companies we invested in"

[@crackasaurus_rox9740]

The two CEOs on the left of your thumbnail created the two most valuable publicly traded companies on the planet. I'm flagging this video.

[@velenziajohn7955]

Successful people don't become that way overnight.most people see at a glance wealth, a great career, purpose-is the results of hard work and hustle over time. I pray that anyone who reads this will be successful in life.

[@fabianrafael3812]

I and my family members are blessed because if not I wouldn't have met someone who is spectacular as Expert Mrs Margaret . She's the best analyzer ever known 💯📌

[@fransicogerado179]

Been reading through the comments and when you mentioned Expert Nicholas Carmen Alise I know you were right! She has been my Investment manager for long and I'm happy with her services.

[@chrislookman6998]

Honestly I would like to get in touch with this expert, how do I go about that?

[@fransicogerado179]

@@chrislookman6998 She's active on WHK APK 👇

[@fransicogerado179]

пчелен мед whàtsáp＋𝟏𝟗𝟏𝟕𝟐𝟕𝟏𝟏𝟓𝟑𝟓 пчелен мед👍👎

[@CountingStars333]

Good founders are visionaries, good CEO's are quiet and efficient.

[@katfoster845]

I mean, without googling who's the ceo of Spotify? They're undoubtedly a pretty successful company. They've genuinely revolutionised the music industry. The management appear to be pretty dull and forgettable.

[@hamburgermatty]

I love the Dwight and Michael clip at the end 😂 I’ll do anything… anything 🤣

[@EstebanGallardo]

To create a society that promotes sociopaths to leadership positions a bad idea? Who would have thought? The hard truth is that I don't think there is anything that anyone can do to avoid it.

[@railfan_3371]

it's insane, it's like the entire economy stopped being real and just became an ever-increasing game of pumping and dumping

[@scottanderson691]

This one feels a bit like it misses the mark to me. If we step back and look at the overall picture, at least for guys like Jobs and Musk (neither of which I like), we can't really say they're bad CEO's. I mean sure, Twitter may prove to be a failure for Musk. Only time will tell but it looks like it's headding that way. But no one could consider Tesla, SpaceX, or Paypal failures given both what they've accomplished and their financial states as of my writing this. And if you tried to make the case that Jobs was somehow a bad CEO (even if you absolutely loathe Apple, which I do), I think you'd be laughed out of any and every economics forum you ever walked into.

[@angelr194]

If you read the story of Tesla and SpaceX (formerly a part of Mars Society) they were moderately successful before Musk, Tesla had a group of engineers in the growing "green" market and SpaceX is a government contractor, unfortunately, many of Musk ventures came down in flames like Twitter. Remember Hyperloop? Even the engineers told him it was physically imposible and still he wasted money and ended delivering a horrible Tesla car tunnel to fulfill the contract. And we can continue with his "new" robots...

[@the0ne809]

Musk is a bad CEO. He is just good at marketing and sells himself as a genious. SpaceX is alive due to government subsidies, same with Tesla. In SpaceX, many people under him know how to control him so he doesn't damage the company with his insanity. Twitter wasn't that lucky. Musk was a dude who got lucky in the 90s during the tech boom. Lucky for him, he sold Zip2 in 1999. We know what happened in 2000.

[@free22]

He never said Jobs and Musk were bad CEOs. He used Jobs as an example of the toxic work culture that visionary CEOs can produce and he used Musk as an example of a CEO who has negatively affected his companies with his “visionary” antics. He was quite restrained. He could have pointed much more negative things about both Jobs and Musk but did not.

[@angelr194]

@@free22 Musk is a bad CEO for tying all of the profits of his companies to a loan of billions that allowed him to buy Twitter to avoid jail, according to the video

[@IamGrimalkin]

Yeah, Jobs and Musk are some of only a few people who built up two large successful independent companies, to show the first wasn't a fluke (Jobs headed up Pixar too). From a business perspective, the proof of the pudding is in the results. Of course, neither has made life easy for their employees... Also, note that Musk's biggest mistake so far with Twitter is the price he paid for it; which is is own money, not company money. He also seems to see Twitter as more his own personal 'free speech' crusade rather than a company designed to make money. You could perhaps think of it more like all the money Bezos is pouring into Blue Origin; they're using money like water but Bezos doesn't care because he likes rockets.

[@anuragbose9453]

Best ad placement i have seen in recent times

[@shawnbarron2455]

I know almost nothing about business but it seems like these visionaries are basically R&D people who were somehow allowed to design the budget. Basically you get people at top saying, :what if we did this" but nobody ever asks how.

[@jesuszamora6949]

That's not a bad analogy. Normally it's the R&D department coming up with ideas and the budget people figuring out how - or even if - they're going going to be able to make money off said ideas. When the top only listens to the money people, you have a stagnant business that can't move quickly (IBM), but when you have the guys up top only listening to R&D, or worse, their own ideas, you end up with an amazing flameout.

[@aaron6807]

FINALLY SOMEONE SAID IT

[@messiahscent]

I think HMW needs better sponsorship alignment

[@napoleon2564]

Being a visionary ceo is high risk high reward. You can actually create demand by just saying things even if you don’t know they’re true when you’re operating at that level.

[@vaibhavjain4317]

Visionary CEOs basically have higher chances of clashing with the company's interests

[@huli566]

Men online: We have all these social problems but what are you going to do, solve it with big government? That is hopeless! Also men online: Wow these smelly billionaire redditors sure are smart, let's rely on them for literally everything!

[@sethlaske6338]

I feel like the stereotypical selfish CEO that only cares about money is predictable and more stable. The visionaries that don’t care about money (whether true or not) typically end up building their ego which is neither predictable or stable.

[@natalieeuley1734]

What this video put into words is something I have always thought in the back of my mind, but could never quite figure out. However, I think an important point to make is that the way you use "visionary" here is slightly confusing. You do need some skill in terms of having a vision in order for you to start a business and that business make something and be successful. In the end, ideas are what gets you customers, so it has to be a good one. But the problem is portraying and publicizing yourself as a visionary. Even as a small business owner where you are the only employee, the person going to your company website or Facebook or whatever doesn't have to have any idea who you are.

[@renato.bakaadv]

Good point

[@maxmustermann931]

1:15 >unsophisticated financial commentators >shows jim checks out lmao

[@tonysabu109]

These people are not visionaries.

[@ebubechiibegbula5968]

Exactly they are megalomaniacs ....

[@dotsovertonesinging]

Good content, but it's great to tell the full story....so let us know why Tim Cook cannot be a visionary. And what is the takeaway overall

[@viktorbodnar7738]

You always need a vision, or better said, goals. The real question is are your goals realistic and do they pertain to the topic at hand? For most "visionary" CEOs their vision is not for the company, but for themselves. The goal of these people is to become rockstar and not a person, who runs an effective and prosperous company.

[@acctsys]

On the contrary, I want individuals accountable for their decisions, win or lose, with their lives depending on the extent of what they did. The corporate veil, IMO, allows for abuse/misuse/misconduct to be swept under the rug. Rather than a conceptual CEO, which shell companies have, I'd rather see the people doing the work, or not doing the work. It's a mistake to confuse bad outcomes with transparency, and desire the same bad outcomes you don't see behind an image. Being good at running a business doesn't mean you should hide. Nor does hiding make one good at running a business.

[@dbensdrawinvids8390]

I swear to God I can smell SBF through my phone screen. I can't believe anyone trusted that clown with their money. If he cornered me in a 10th floor meeting room with a business pitch, I'd hurl myself out the window to escape.

[@huli566]

"Elon is a talented guy" - citation needed lol

[@2bfrank657]

Seriously? Have you not seen SpaceX rockets, or noticed that Tesla finally made electric cars a thing? Sure he's a bit if a nut job, but you're delusional if you think he's not talented.

[@nielsbishere]

Talented in fooling people he's talented

[@huli566]

@@2bfrank657 The people he hired/stole from to make those things possible have talent, sure. lol. Also both companies are kind of, you know, terrible.

[@Timur_Jalilov]

Please don't help SBF by saying he's incompetent that absolves him of any wrongdoing he knowingly and willingly defrauded people he's not dumb he's trying to act dumb to get away.