Public hangings are teaching moments. Every company has to do it. A teaching moment is worth a thousand CEO speeches. CEOs can talk and blab each day about culture, but the employees all know who the jerks are. They could name the jerks for you. It's just cultural. People just don't want to do it.

In real life, strategy is actually very straightforward. You pick a general direction and implement like hell.

Does coaching work? Yes. Good coaches provide a truly important service. They tell you the truth when no one else will.

HR should be every company's killer app. What could possibly be more important than who gets hired?

What business could be mature when you have economies with more than 2 billion people in India, China and Southeast Asia?

In order to lead a country or a company, you've got to get everybody on the same page and you've got to be able to have a vision of where you're going. America can't have a vision of health care for everybody, green economy, regulations - can't have a bunch of piece - meal activities. It's got to have a vision.

If you get the best people on your team, you've got plenty of time to do the things you like to do and can add more value to.