The public is not generally conversant with the difference in business management styles.
There are two different types of styles:
One, centralized, where the CEO is in complete control of the company’s daily operations. Many executives prefer this approach.
Two, decentralized, where more local control is allowed. It’s usually in different companies within varying industries on a decentralized basis.
I prefer centralized, hands-on oversight, which I believe is better from the operational standpoint. On the other hand, if your goals are primarily that of an investor, you never have the time, the ability, or inclination, to cope with daily administrative duties. (See the Earl J Weinreb NewsHole® comments.)
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