Business Quote by Warren Buffett
“The typical large company has a compensation committee, They don't look for Dobermans on that committee, they look for chihuahuas.”
About This Quote
Source Interview: CNBC, 2020
Large firms often choose risk‑averse, small‑scale leaders over aggressive, large‑scale ones for compensation oversight.
In simple terms: Companies pick cautious, small leaders for pay committees.
Key Takeaway
Value prudence in oversight.
Themes
corporate governance
risk management
leadership
Mood
analytical
critical
Type
business
advice
When to use this quote
- board selection
- executive pay design
- risk assessment
Key Concepts
agency theory
behavioral finance
Questions to Reflect On
- Why prefer caution over boldness?
- How does leader size affect decision quality?
A Different Perspective
Small leaders may lack bold vision.
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