Subject: Re: Greg Abel compensation
“Normally the bosses of successful already-large firms are simply the people who happened to be marching in front of a parade rather than leading it.”

This is good writing.

I also remember previous comments from Buffett or Munger along the lines:

We like businesses that even a ham sandwich could run.

There was also a reference to a Berkshire subsidiary that had a CEO with dementia who ran it for years.

I’m going to add this - marching in front of a parade to my mental models. It’s a good one, thanks.