Corporate Managers
topic on 2 shows · 2 statements across 2 episodes
Capital Allocators 
the a16z Podcast
2 statements about Corporate Managers, every show
Dixon: Managers optimize for 1-3 years; breakthroughs happen on weekends
“What you do during nine to five work hours is governed by people that generally have a one to three year time horizon. Right? They have to, like, unless they're the, you know, maybe Jeff Bezos is an exception or something, but, like, for the most part, like, y…”
Levine: Buybacks emerged as a corrective to managerial empire-building
“There was a view that corporate managers liked to spend money inefficiently and to aggrandize themselves and build empires, and so, like, there's this wave of conglomeration where, like, managers were like, oh, look, we have money. We should buy some more stuf…”