While I agree with a lot of what he says, I also think there is a bit of wishful thinking when it comes to "world class leaders".
Just like you can't hire the top 1% exclusively, your leaders won't be top 1%. Chances are they will be somewhere in the middle. Creating a "culture" that allows for initiative at different parts of the company is going to do a lot more for you than rolling the dice on getting exclusively top quality leadership.
Re: "Culture": I mean this in the group dynamics sense, not the meaningless corporate-speak sense.
Just like you can't hire the top 1% exclusively, your leaders won't be top 1%. Chances are they will be somewhere in the middle. Creating a "culture" that allows for initiative at different parts of the company is going to do a lot more for you than rolling the dice on getting exclusively top quality leadership.
Re: "Culture": I mean this in the group dynamics sense, not the meaningless corporate-speak sense.