I want to have a conversation today about the zero percenters, as I like to call them, these humans that are in the .001%, in their craft, in their art. Tiger Woods, Steve Jobs, the Buddha. The difference between the folks we are talking about is the difference between someone who is a multimillionaire you have tens of millions of dollars in the bank versus someone who is a centipillionaire who has hundreds of billions of dollars in the bank.

You've been listening to an Amas Talks production

Summarization

- DEI is so commonplace that I don't know many organizations that don't have D.E.I initiative or department or leader. Are we making progress as the world, especially particularly the corporate boardroom and corporate America? Is it a very diverse place today?

- Pick ten boards, I challenge your listeners. How many of them have the right trade knowledge to ensure the appropriate strategy is being put forward? Almost half said the board expects members to be at least literate on an issue. Without acknowledging trends, it puts shareholders and fund owners at risk.

- Most companies are good at aligning stock based compensation with the CEO. And I haven't seen an original idea come out of boards in a while. All the goodness you might get out of diverse thinking and diverse opinions, you're just not getting it because you're not getting diversity.

- Adam: Having a third party do an audit of your board, not only the composition, but the operations, the culture. He says it's really important that we start doing more measurements on the actual outcome of these events. Sobel says the fourth part is just communication and disclosure.

- Adam : The people that are most well versed in what is going on, not just for a micro, but more of a macro environment, those are the people I think can be really helpful as we think about board recomposition. There are going to be more challenges that the board is going to have to deal with.

- Adam Aldiston had a car accident almost three weeks ago. He asked about rental reimbursement. The company still hasn't determined if he's liable or at fault. Aldiston learned some things today about board representation.

connect with Adam on linkedin https://www.linkedin.com/in/adumey/

The most consequential American inventor once predicted the following:

“The time will come when people will travel in stages moved by steam engines from one city to another, almost as fast as birds can fly, 15 or 20 miles an hour.”

People mocked the great Oliver Evans when he uttered those words. He was right, the steam engine changed the course of human history.

Thinking of the steam engine as technology might feel a bit out of place.

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