This is really good, and matches up with my primary complaint from the execs I've seen hired out of consulting. They tend to be short timers. They often present wildly optimistic 3-5 year growth plans to the board knowing full well they won't be there in 3-5 years. The board almost never ties their compensation to these plans in any way, so the real thing they spend their time doing is hitting whatever short term metric their compensation is tied to, and these metrics are almost never well aligned with the long term interests of the company. I've been in a company that spent years digging out of the mess one of these guys left behind.

Outstanding video. It seems to me that Jobs is saying that having skin in the game is necessary for learning.