1.0 link 71225 <![CDATA[Why Market Leaders Don't Listen to Investment Bankers]]> http://www.huffingtonpost.com/charles-h-green/why-market-leaders-dont-l_b_71225.html I spoke to the (non-American) former CEO of a large company--the profitability leader in its capital-intensive global industry.

"Why do American CEOs listen to 30-year old investment bankers?" he asked me. "They don't know anything."

"I used to get calls from them--Morgan Sachs, Goldman Stanley, you know--the supposed crème de la crème of MBAs. Here's how they went:

Bankers: Why do you keep so much cash? Your leverage ratio is half that of your industry. You're earning nothing on it--it's like keeping shareholders'...

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