One of the most important responsibilities of a company’s management team is capital allocation. The hallmark of an exceptional CEO are the returns generated for the shareholders of that company over the long term.
The book The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success by William N. Thorndike details the wisdom of what makes a successful company, closely evaluating the performance of 8 outstanding companies and their leaders.
The 8 CEOs operated in different industries and markets and the returns made for shareholders over the long term were extraordinary. A common theme emerged – a strong focus on Capital Allocation.
