The Book Summaries

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The Outsiders
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The Outsiders

Eight Unconventional CEOs and Their Radically Rational Blueprint for Success

Aug 14, 2024
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by William Thorndike

This book turns typical notions of successful CEOs on their head. It dives into the stories of eight off-the-beaten-path business leaders, unpacking their groundbreaking strategies and the surprising lessons we can learn from them.

About the author

William Thorndike wears many hats - he's the brains behind private equity firm Housatonic Partners, a bestselling author, and occasionally teaches at Stanford Business School.

Shaking up the corporate playbook

Think fast: who's the GOAT of CEOs? If you're up on your business history, Jack Welch probably springs to mind. During his long stint at General Electric, Welch was all about hands-on management, keeping Wall Street in the loop, and laser-focusing on stock prices. In many ways, he was the poster child for CEOs.

But the greatest ever?

When it comes to measuring a CEO's chops, the real test is how they stack up against their peers in terms of shareholder returns, benchmarked against the S&P 500. By that yardstick, Welch's 3.3 percent edge over the S&P looks a bit less impressive. Henry Singleton, on the other hand, blew the S&P out of the water by a whopping 20.4 percent.

Scratching your head and wondering, "Henry who?"

Don't sweat it. In this summary, we'll give you a taste of Singleton's management magic, along with another case study. Get ready for some eye-opening business lessons from CEOs you've probably never heard of.

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