An interesting article in USA Today got me thinking about the radio business, especially coming off the NAB Convention.
They featured Anne Mulcahy, the CEO of Xerox, who has pulled that company from big losses, and reinvented it. It turns out her first move was to contact Berkshire Hathaway’s Warren Buffett – who she did not know – for advice. He ended up inviting her for a meeting, and as Mulcahy explains it, here’s what he said:
"You got a million different constituencies out there, and the ones that are going to seem like they’re the most important – whether they’re the regulators or the investors or the bankers – you’re thinking those are the people you need to survive the next day. Put them all aside, and the prioritization has to come around listening to your people and your customers as to what they think is wrong and what you have to do."
Good advice from "The Oracle of Omaha."
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