(a) Right and wrong kind of ambition

• Screen during interview - use of team vs use of me in previous role
• Interest in company and growth (strategy) rather than personal compensation

(b) Job titles

• necessary to communicate roles effectively
• post company life prospects

Peter Principle - each person has level of incompetence; problem with time based promotions

Law of cappy people - everyone benchmark for role is based on worst person with given title

(c) Life as a CEO

• You are ultimately responsible for everything
• Fine balance b/w taking and not taking things personally
• No training except running a company can prepare you for running a company
• Try to keep calm: have friends, write down your decision making ideas and focus on road not on wall (tons of bad things can happen)

(d) CEO job description

• Strategy and story are one in good companies. Story tells people why company is worth joining/investing
• Need not write the story but be the person who makes it compelling - 97 letter from jobs to Amazon shareholders
• Decision making is always based on incomplete information - courage and continuous engagement to collect info over time

#Team-building #Culture