Reses: Equating Power With Headcount Growth Is a Cancer on Innovation
Jackie Reses · Jackie Reses: The Most Powerful Woman in Finance; Making $50BN for Yahoo on Alibaba | E996 · 20VC with Harry Stebbings · Mar 31, 2023 · at 40:21
Jackie Reses is Chair & CEO of Lead Bank and former executive at Block and Yahoo. She discusses corporate structure and strategies to foster disruption inside companies.
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“This idea that you need to, like, keep growing teams in order to become more powerful in a company is like a culture killer on invention. You could have people who are incredible, who are just incredible operators in their own, and they need to be rewarded as such. The second thing that you need to do is to take people out of jobs that they have succeeded in and give them an idea. And if you can do that in a company, and a person is rewarded for coming out of this huge job and starting over, that is incredibly powerful. Because there's this historic convention that power grows with the number of headcount that you have underneath you, and that absolutely is a cancer in a company.”
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