Avoiding Pitfalls in a Family Business

Hefner:    Well, I think we are pretty good about avoiding the pitfalls.  One pitfall that I’ve seen other companies fall into is to not have a strong independent board of directors, and I think that’s a huge mistake, even for private companies.  Having really smart people with diverse backgrounds that are relevant to your industries and interests sitting on a board as a sounding board and as a strategic advisory board is in my view just an extraordinary asset and one that I always preach when I’m out talking to people like young presidents organization members.  Because I think that when that isn’t true, that can be a weakness.

Christie Hefner says it’s important to have vocal outside directors.

​There are two kinds of failure – but only one is honorable

Malcolm Gladwell teaches "Get over yourself and get to work" for Big Think Edge.

Big Think Edge
  • Learn to recognize failure and know the big difference between panicking and choking.
  • At Big Think Edge, Malcolm Gladwell teaches how to check your inner critic and get clear on what failure is.
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New alternative to Trump's wall would create jobs, renewable energy, and increase border security

A consortium of scientists and engineers have proposed that the U.S. and Mexico build a series of guarded solar, wind, natural gas and desalination facilities along the entirety of the border.

Credit: Purdue University photo/Jorge Castillo Quiñones
Politics & Current Affairs
  • The proposal was recently presented to several U.S. members of Congress.
  • The plan still calls for border security, considering all of the facilities along the border would be guarded and connected by physical barriers.
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This is the best (and simplest) world map of religions

Both panoramic and detailed, this infographic manages to show both the size and distribution of world religions.

(c) CLO / Carrie Osgood
Strange Maps
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  • See how religions mix at both national and regional level.
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