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Re:I Write Letters to CEOs by wgerard on Wednesday May 30, 2018 @09:08PM (#17193210)
> the compound annual return of the respondent group is 8.97% greater than the non-respondent companies.

That's actually interesting, because I could easily explain away the opposite result: CEOs who waste their time responding to personal letters aren't focused on improving company performance. For example, there's some potential negative correlation between time spent playing golf and company performance [1].

Granted, even if this were statistically significant you can think of explanations why it makes sense: "These CEOs have thought so deeply about their business that responding to these letters is trivial", or "Being forced to answer these questions is beneficial for the CEOs business acumen".

Of course the most likely explanation is that the correlation is just spurious and the two things are unrelated.

Still, would be an interesting study!

1: http://www.businessinsider.com/ceo-golf-rounds-indicate-poor...

Re:I Write Letters to CEOs by leroy_masochist on Wednesday May 30, 2018 @10:59PM (#17193629)
Here's my anecdotal-experience-driven theory of what's going on with the golfing-CEO companies underperforming the non-golfing-CEO ones: it isn't a matter of lost productive hours while golfing instead of working. It's that the golfing CEOs are, as a population, different from the non-golfing ones.

The golfing ones are a bit more extroverted and charismatic than the non-golfers; they "look like CEOs". They are more likely than the non-golfing ones to have attended a top-tier MBA program. Their average height is significantly greater than the non-golfers. And so on; you see where I'm going.

Certainly there are plenty of introverted, socially challenged golfers out there. But within any population whether CEOs or lawyers or cops or musicians or whatever else, the subset of people who golf is going to be, on average, more extroverted than the subset of people who don't.

I think this somewhat ties in to Taleb's argument that you should trust surgeons who don't look like surgeons, since their achievement of professional success despite their tendency to create a negative first impression is a robust heuristic of professional competence[0].

The population of non-golfers, averaged out as a population, were held to subtly higher standards that required better performance out of them. This means that non-golfers, as a population, tend to be more challenged at work over the course of their careers, and that it was less likely that individuals could "fail up" -- the Peter Principle extends further for extroverts.

Anyway that's my theory.

0: https://medium.com/incerto/surgeons-should-notlook-like-surg...

Re:I Write Letters to CEOs by itronitron on Wednesday May 30, 2018 @11:32PM (#17193761)
This reminds me of when I read about Steve Jobs' having to be dressed up as a CEO for the cover of some business magazine in the '80's (Fortune, or Inc. I think). I distinctly remember as a young person seeing that magazine and thinking he's some conventional business dude. So of course I, and probably everyone else, assumed that to be at an innovative high-tech company you needed to be a conventional business dude. I didn't realize how wrong I was until I read his biography, needless to say I think the 'look like CEO' stereotype needs to be dropped finally.
Re:I Write Letters to CEOs by discordance on Thursday May 31, 2018 @12:29AM (#17193957)
Sounds similar to the theory that to be a successful CEO you need to be an asshole
Re:I Write Letters to CEOs by Cthulhu_ on Thursday May 31, 2018 @04:25AM (#17194831)
But do you need to be an asshole to become a (successful) CEO, or does the job turn you into one?
Re:I Write Letters to CEOs by afarrell on Thursday May 31, 2018 @04:48AM (#17194935)
In order to meaningfully answer this question, we need a much more well-articulated definition of "asshole". People's definitions vary widely. For example, suppose you see someone broadcast online about being very distressed about a problem and your response is to point them toward resources that might be useful to solve the problem -- some set of people would consider you an asshole for that pattern of behavior. Some would consider it very helpful. Is it? Not my point. The point is that there is disagreement.

In order to become a successful CEO (or team lead or spouse...), you do need to be able to muster the emotional backbone to have tough conversations with people. One thing that can hold you back from this is the internal worry about being an asshole. Unless you are able to say to yourself, "I hear a voice on my shoulder telling me I'm a terrible person. But this topic needs to be discussed and I need to do advocacy here. This is uncomfortable and I don't like it but I'm going to do it anyway", you will under-communicate and issue won't get resolved.

However:

1) It is possible to err. That difficult conversation? Might in fact just be you being an asshole. We are not lucky enough to live in a world with a 100% surefire way to avoid this. So, good communication involves being willing to risk some probability of being an asshole.

2) People without that "maybe you're being an asshole" voice are not going to have this problem.

Re:I Write Letters to CEOs by jakobegger on Thursday May 31, 2018 @06:28AM (#17195275)
Being an asshole has a lot more to do with the tone of the message than with the content.

In my experience, most people will accept feedback if you do it in a respectful manner.

You can tell someone they are underperforming without insulting them. Respect your employees.

Even when you tell people to read the manual, you can do so in a way that doesn’t feel insulting. There’s a world of a difference between “RTFM!” and “I believe the documentation addresses this problem on page X.”

Re:I Write Letters to CEOs by jnbiche on Thursday May 31, 2018 @09:39AM (#17196184)
> Being an asshole has a lot more to do with the tone of the message than with the content.

Bingo. God I wish more software developers realized this. Being open with criticism is important. But for most people who are not a very certain type of programmer, we don't want to hear the criticism given with words like:

"What were you thinking? Are you stupid? Of course you don't do x."

and

"I've found through experience that it's important to do X, because if you don't, then Y happens."

The fact that I run into so many people on software developer teams that communicate in the former manner has led me to leave traditional software development in favor of data analysis where I don't have to work on a team of 5-6 people, of whom 2-3 are complete assholes.

Plus, if you want to know why there are so few women in programming, this alone is a huge factor. Yes, there are a very few women who can give and take criticism in the abrasive fashion I outlined above, but most women prefer to give and take criticism in the polite, productive manner of my second example. Once again, the criticism is the same in both examples, all that's different is the tone.

Too many people in the software development industry have taken Linus Torvald's communication style as something to emulate.

Re:I Write Letters to CEOs by afarrell on Saturday June 02, 2018 @04:58PM (#17216347)
Totally agree. And this amplifies the effect I mention above. If your picture of “steadfastly advocating for something important” is using an abrasive tone and not assuming good faith or intelligence, you’re going to be more likely to be either aggressive or passive not assertive
Re:I Write Letters to CEOs by darkerside on Thursday May 31, 2018 @08:20AM (#17195734)
This is way more difficult in person than it is online in writing. And the fear of getting it wrong can increase with each time that you actually do get it wrong (leading to you replaying the event in your head, eg).
Re:I Write Letters to CEOs by jnbiche on Thursday May 31, 2018 @09:42AM (#17196193)
If you're actually worried or concerned about how you're communicating, you're probably fine or at least acceptable.

It's the people who are either oblivious to the need to carefully communicate who are the difficult ones, along with those who intentionally ignore societal norms in an effort to prove their "alpha" status.

Re:I Write Letters to CEOs by afarrell on Thursday May 31, 2018 @06:38PM (#17200946)
> If you're actually worried or concerned about how you're communicating, you're probably fine or at least acceptable.

I think I've finally realized how to articulate what my frustration with statements of the form "If you're worried about X, you're fine" is. The person presenting the worry has a prior of [I am worried about this]. They then go seeking a solution that will let them alleviate the worry by taking concrete steps to address it. When they run into the advice "If you're worried, you're fine", they have two problems:

1) If being worried is the only reason why they are at least acceptable, then to continue to be acceptable, they need to continue to be worried.

2) They haven't actually gotten a concrete action to take or thought exercise to go through. That means if the commenter is wrong and they actually do have a habit to work on, the only thing they might be doing differently is telling their intuition (system 1 for the Khanemann fans) "Hey, you know that alarm? turn it off." Their intuition probably doesn't listen very well and probably keeps them worried, but it is also no longer acting as a useful signal whatsoever of the problem.

----

The approach I would take is to come up with a list of actually-answerable questions to ask myself, to have faith in my intuitions on those questions unless I get concrete evidence that they are wrong, and then to work to make peace with the remaining discomfort. For example, when driving a car:

- Buy a wide-angle rear-view mirror so you have better spatial awareness.

- When opening any car door from the insite, habitually practice doing the Dutch reach.

- When you are aware of a cyclist, know the reference points on the car that you should keep them at so you are a safe passing distance.

- Don't do anything else besides perhaps converse with another human in the car while I'm driving.

- Practice scanning my environment while driving and other generally-safe driving habits.

- Having practiced your duty of care -- Accept the reality that at some point I might end up crushing another person's ribcage and snuffing out the life of someone's father/brother/aunt/teacher -- a fellow human.

Re:I Write Letters to CEOs by darkerside on Friday June 01, 2018 @11:34AM (#17206274)
Not when you're so worried about how you'll be perceived that you soften your statements beyond comprehension. And yes, this absolutely happens, and no, you probably don't realize if you're doing it.

Try re-reading a peer performance review you've written after the fact. It can be eye-opening.

Re:I Write Letters to CEOs by anonymouskimmer on Saturday June 02, 2018 @05:34PM (#17216503)
I believe the organization Toastmasters exists just for this purpose.

You can replay an event in a supportive feedback group instead of in your head.

(I've never been to a Toastmasters' meeting, but have heard their sales pitch.)

Re:I Write Letters to CEOs by kickling on Thursday May 31, 2018 @03:26AM (#17194594)
Speaking of Steve Jobs..
Re:I Write Letters to CEOs by Bromskloss on Thursday May 31, 2018 @06:31AM (#17195289)
> you should trust surgeons who don't look like surgeons

What _does_ a typical surgeon look like, then? I didn't know they had a look.

Re:I Write Letters to CEOs by cjhopman on Wednesday May 30, 2018 @11:15PM (#17193695)
Interesting theory. Do you apply it to men in predominantly female occupations and vice versa?
Re:I Write Letters to CEOs by kybernetikos on Thursday May 31, 2018 @09:48AM (#17196245)
I think it's entirely plausible that the median woman in a coding job is better than the median man in a coding job because of this effect.

That's why vague claims (like in the google debacle) that women are biologically less suited to coding than men might not be relevant to your organisation even if we were to believe it true in general.

A similar effect may explain some of this: https://hbr.org/2017/09/the-comprehensive-case-for-investing...

Re:I Write Letters to CEOs by leroy_masochist on Thursday May 31, 2018 @12:17AM (#17193904)
That's a good question. Best stab at an answer is that I think it's true for most companies where it's possible that the next CEO will have gone to HBS and worked for McKinsey.

Would be a fun topic for research!

Re:I Write Letters to CEOs by pfd1986 on Thursday May 31, 2018 @12:18PM (#17197512)
Another theory (possibly complementary) is networking. Golfing / frequenting private clubs can greatly improve CEOs visibility among other CEOs.. I believe Mark Newman's network theory book mention exactly this example.
Re:I Write Letters to CEOs by leroy_masochist on Thursday May 31, 2018 @02:25PM (#17198765)
I agree, I think the networking aspect is central. Extroverted people are going to be drawn to sports that serve a networking purpose like golf, tennis, skiing, hunting quail, etc.
Re:I Write Letters to CEOs by auntad on Wednesday May 30, 2018 @09:46PM (#17193356)
I'd suspect a valid correlation that's not a causation. If a company is generally doing well, presumably the CEO isn't under as much stress and doesn't have as many firefighting responsibilities as those whose companies are doing poorly. Hence having the time to write a letter to a stranger.

Maybe those underperforming companies will bounce back and you'll find a (much delayed) response in the author's mailbox a few months down the line!

Re:I Write Letters to CEOs by bluGill on Thursday May 31, 2018 @08:40AM (#17195825)
I think the correlation is real. The type of person who writes to a CEO is likely to do other things for the company. For instance they might be a undercover reporter researching a story. Responding to the letter can give the company free press, which can be far more valuable than the time a personal letter takes.

Likewise, many companies have a comments toll free number. Almost nobody will call them (who has a comment about their toothpaste), but it turns out the type of person who does call those numbers is likely the type of person who tells all their friends which is the best toothpaste, and so it is important that whoever answers that phone is an expert on what makes their toothpaste great. (honest answers are important - this type of person already knows their stuff so lies will hurt)

Also, CEOs often know they have trouble connecting with their real customers. If a real customer writes, that is real information that they cannot easily get in any other way. A good CEO will pay attention because what one person writes 100 others think but don't say at all.

All of the above are things that make a CEO who doesn't respond under perform.

Re:I Write Letters to CEOs by jpmoyn on Thursday May 31, 2018 @11:38AM (#17197111)
The example of an undercover reporter sending a letter to a CEO under the premise that they will write a nice article about the company if the CEO responds is pretty absurd.
Re:I Write Letters to CEOs by freeone3000 on Thursday May 31, 2018 @02:06PM (#17198574)
It doesn't have to be a nice article. A request for comment can either be responded to, where you have a chance for your words on record, or you get "<companyname> has not responded to requests for comment as of publishing." which is worse than whatever spin you could have concocted.
Re:I Write Letters to CEOs by bluGill on Thursday May 31, 2018 @02:51PM (#17198972)
Reporters who are reviewing products do. They might have 10 different blenders to review, and if there is a button that doesn't make sense a good response takes you from "2/10 the buttons don't make sense" to "9/10, the buttons are a little weird but once you get used to them..."
Re:I Write Letters to CEOs by groby_b on Wednesday May 30, 2018 @09:49PM (#17193370)
The time cost for CEOs to respond to your letters is likely zero - they've got staff to handle that. And so replies are really a proxy for "how deeply does the company care about its customers"
Re:I Write Letters to CEOs by mysterypie on Thursday May 31, 2018 @02:04AM (#17194277)
> they've got staff to handle that

The author is certain that the CEOs responded personally. He says, "[CEO] wrote me a two-page letter that addressed my ideas point by point", "[CEO] sent me a handwritten letter", and "[CEO] forwarded my ideas to his marketing leaders".

Re:I Write Letters to CEOs by Merad on Thursday May 31, 2018 @10:52AM (#17196730)
There was a great article around a year ago about how the Obama White House handled letters to the president. Obama wanted to personally read and respond to about 10 per day (IIRC), but his response was in the form of jotting down thoughts and notes as he read the letter and handing them off to letter writers who knew the president’s speaking and writing styles well enough to write “his” response. I doubt the average CEO has dedicated letter writing staff, but those who are more serious about responding to customers probably have assistants doing something similar.
Re:I Write Letters to CEOs by mkirklions on Thursday May 31, 2018 @08:32AM (#17195782)
The CEO might dictate it and sign it, but I dont think they are writing.

I try my best not to write anymore, I have interns that can do this. I need to be putting my resources to my expertise, coding.

Re:I Write Letters to CEOs by bluGill on Thursday May 31, 2018 @09:11AM (#17195981)
How many letters does the CEO get? If the answer is small the CEO of course handles it: it doesn't really take that long and the PR is worth it. If the answer is many, of course staff handles it, with form responses - even then the "interesting" letters get passed on.
Re:I Write Letters to CEOs by losteric on Wednesday May 30, 2018 @09:47PM (#17193363)
My theory is CEOs that pay attention to smaller things miss fewer opportunities, and build a culture of doing so across the company. Look up Bezos' infamous "?" emails.
Re:I Write Letters to CEOs by fjsolwmv on Thursday May 31, 2018 @12:38AM (#17193994)
"?" isn't paying attention to things; it's telling other people to pay attention to things. It's building a culture, I guess.
Re:I Write Letters to CEOs by mynameisvlad on Thursday May 31, 2018 @04:40AM (#17194897)
“?” is paying attention enough to recognize something is wrong and needs to be resolved immediately without spending the time to find the resolution yourself. To say that it’s not implies that every single email to him results in a “?” which is patently false.
Re:I Write Letters to CEOs by swalsh on Thursday May 31, 2018 @05:22AM (#17195045)
I absolutely think it's paying attention. The way he describes it is "if the data says one thing, but the customers say another, it usually means there's a problem with how you're measuring". He says he personally reads the emails that come in (though rarely responds).
Re:I Write Letters to CEOs by imgabe on Thursday May 31, 2018 @06:38AM (#17195314)
Telling other people which things to pay attention to is the CEO's job.
Re:I Write Letters to CEOs by snowwrestler on Thursday May 31, 2018 @10:08AM (#17196404)
Why do most companies fail? Because of supplier or distributor relationships? Operational inefficiencies? Board relations? Legal compliance issues?

No. Most companies fail simply because they don't sell enough stuff. There's an old joke that "revenue solves all problems" in business. Simply put--companies fail when they don't build a big enough customer base.

CEOs who read and react to customer feedback are focused on the most important thing to their business: their customers. I would definitely not characterize that as a "waste of time." I'd argue it is some of the most valuable uses of time that a CEO can spend.

Re:I Write Letters to CEOs by zingmars on Thursday May 31, 2018 @07:22AM (#17195490)
> CEOs who waste their time responding to personal letters aren't focused on improving company performance

To be fair, you can't always be working. Sometimes you need to wind down, and golfing or responding to your customers does sound like something a CEO would do while winding down.