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Continued: Schafer: Frugality at home carries to the corner office, too

  • Article by: LEE SCHAFER , Star Tribune
  • Last update: December 4, 2013 - 2:25 PM

There are executives, and I have worked with some, who view big spenders as attractive candidates for leadership jobs.

A flashy lifestyle shows that someone is “hungry,” that they will be “aggressive” in pursuing financial goals, or that there’s a need for “risk takers” when the company has had its fill of risk avoiders.

But here’s some sensible advice for corporate directors: Put a big spender in charge, and you should plan to spend a lot more time just watching.

 

lee.schafer@startribune.com • 612-673-4302

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