Join 📚 Edwin's Highlights
A batch of the best highlights from what Edwin's read, .
But here is the catch in management’s fight to rein in superstar salaries, and one institutional reason the super-elite continue to rise: in the age of the vast, publicly traded joint-stock company, where ownership is widely dispersed and boards lack the time, expertise, and gumption to weigh in on the specifics of how companies operate, the managers themselves are superstars, too. Entertainers and athletes are the most visible superstars, but they are hugely outnumbered by the army of business managers who in the past four decades have been transformed from salarymen to multimillionaires.
Plutocrats
Chrystia Freeland
So the Berkeley swimmers make it clear that explanatory style can work to produce success or failure at an individual level, just as the professional-sports data show this at a team level. Moreover, explanatory style works by the same means for both individuals and teams. It makes athletes do better under pressure. If they are optimists, they try harder and come back from defeat.
Learned Optimism
Martin E.P. Seligman
IT HAD OCCURRED TO me in Woody Creek that until my fishing guide turned over that rock, I’d have been content to stand at the edge of the running stream enjoying the dreamy valley and mountains. But in business, turning over the rocks and reading the water, as a fly-fisherman might do, gives you crucial information so that you can take an even deeper interest in your customers, and encourages them to do the same with you.
Setting the Table
Danny Meyer
...catch up on these, and many more highlights
Readwise