Kukla's Korner Hockey
The Leonsis Plan
by Paul on 10/06/08 at 12:44 PM ET
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from Adam Proteau of the Hockey News,
Asked what he had learned after just about 10 years as an NHL owner, Leonsis said:
“You know, I’ve always worked in public companies, but here’s a private company (in the Capitals).
“So I said, ‘OK, we don’t have shareholders like Wall Street. We have stakeholders – our fans.’ And you always hear businessmen being criticized for not taking the long-term view; that they have to meet the next 90 day’s quarterly results. So they view things for the short term, at the detriment of the long term of the company.
Filed in: NHL Teams, Washington Capitals | KK Hockey | Permalink
Tags: Ted+Leonsis,
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