Experience Stern | News & Events

Excerpt from Vanity Fair -- "'We have created an incentive structure where C.E.O.s want to be stars,' Damodaran explained. 'To be a star, you’ve got to be the next Steve Jobs — somebody who has actually grown a company to be a massive, large-market cap company.' But, he went on, 'it’s extremely dangerous at companies when you focus on the exception rather than the rule.' He pointed out that 'for every Apple, there are a hundred companies that tried to do what Apple did and fell flat on their faces.'"

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