Why management change matters and the importance of compounding
Always quoteworthy, Warren Buffett once said: 'I try to invest in businesses that are so wonderful that an idiot can run them. Because sooner or later, one will.'While the maxim has merit, management does make a difference and management changes can have a major impact ? for good or bad ? on even the best businesses.The surprise departure of Unilever (ULVR) chief executive Hein Schumacher on...