Wednesday, July 29, 2009

Missionary vs Mercenary Leaders

Cynics of markets generally assume only the latter exist, but I like to believe that it's the former that are inherently more successful. Larry Cheng, a VC partner at Fidelity Ventures, notes:

Over this past year, I have come to appreciate why you invest in missionary CEOs. Despite one of the most challenging economic times in a century, all of my CEOs exhibited incredible leadership, drive, and passion through thick and thin. In the darkest moments of this past year, they all demonstrated unwavering commitment and enthusiasm that carried their companies through.
Read the whole thing - it also includes a great video.

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