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What we don’t need is more CEOs who hide in safeharbors. If you sit in the big chair, you don’t get paid to make safe decisions; you get paid to make the right decision. While good decisions measure and manage risk, they are rarely risk free. The best chief executives manage opportunity first – and risk second.
It would have been tough to top PROTECT IP, but they've managed to do it. In the midst of protests emerging all around the US complaining about the power that corporations have inside our political system, big content is quite literally trying to foist its own version of the Great Firewall of China on to the American public.
Brexit, as the British referendum to exit the EU is widely called, has caused turmoil in politics and stocks and head-shaking among the UK’s partners. All of this, of course, comes on the heels of many overlapping crises afflicting Europe. The coming squeeze on talent will make this situation much worse.
That said, the safeharbor provision of Rule 10b-18 that currently enables a company to repurchase on any one day up to 25% of its stock’s average daily trading volume over the previous four weeks should be eliminated. They — and not parasitic hedge-fund managers like Carl Icahn — are the value creators.
I think each would agree that leading in the intelligence community is a daily exercise in crisis management, whether at the helm of CIA with its global analytic and operational responsibilities, or at the Office of the Director of National Intelligence with its oversight responsibilities for the entire intelligence community.
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