The Outsiders (book)
The Outsiders is an American management advisor to William Thorndike. It portrays eight managers who have stood out through long periods in office and have led outsider companies:
- Warren Buffett ( Berkshire Hathaway , 1965–)
- Thomas Murphy ( Capital Cities Communications 1966–1996)
- Richard A. Smith ( General Cinema Corporation , 1961-1991)
- Bill Anders ( General Dynamics , 1991–1996)
- Bill Stiritz ( Ralston Purina , 1980-1997)
- John Malone ( Tele-Communications Inc. , 1973-1996)
- Henry Earl Singleton ( Teledyne , 1960–1989)
- Katharine Graham ( The Washington Post , 1973-1991)
“Each ran a highly decentralized organization; made at least one very acquisition, developed unusual, cash flow-based metrics; and bought back a significant amount of stock. None paid meaningful dividens ... All received the same combination of derision, wonder, and skepticism from their peers and the business press. All also enjoyed eye-popping, credulity-straining performance over very long tenures ... "
The stock returns of the companies they run were 20 times the S&P 500 average .
The book is very popular in the United States.
Individual evidence
- ^ The Outsider. Perspectives from Allergan's Largest Shareholder
- ^ Nathan Vardi: How 'The Outsiders' Became One Of The Most Important Business Books In America. Forbes Magazine , August 5, 2014, accessed February 24, 2015 .
literature
- William Thorndike: The Outsiders: Eight Unconventional CEOs and Their Radically Rational Blueprint for Success . Harvard Business Review Press, Boston 2012, ISBN 978-1-42-216267-5 .