David Cote on hiring practices
From Ep. 890: David Cote Interview with Michael Covel on Trend Following Radio · · Trend Following
“I always used to say when I'd be talking to say a staff member who'd be concerned that their kid wasn't going to get into an Ivy League school and I'd say geez as long as somebody goes to like a top one or two hundred school don't worry about that I used to tell people your education gets you your first job after that it's all performance. I didn't really care what school they went to I focused more on okay did you do a great job.”
On , David Cote, Former Chairman & Chief Executive Officer at Honeywell, spoke about hiring practices during Ep. 890: David Cote Interview with Michael Covel on Trend Following Radio on Trend Following.
About David Cote
David Cote, former chairman and CEO of Honeywell, appeared on the podcast "Action Catalyst" in September 2022 to discuss his book "Winning Now, Winning Later." During the interview, Cote described his approach to balancing short-term performance with long-term investment, stating that while he could grow earnings at 14 percent, he chose to grow them at 10 percent in order to reinvest the difference into initiatives such as globalization, new products, and process improvements. He also noted that telling investors or a boss that performance will be poor for three years before improving is typically not well received, as they may seek alternatives in the meantime. Cote also discussed the importance of reliable accounting systems, saying that accounting was Honeywell's primary information system and that unreliable data would lead to poor decisions about profitability. He reflected on his tenure at Honeywell, where he grew the company's market capitalization from approximately $20 billion to nearly $120 billion, and he encouraged listeners to connect with him on LinkedIn.