Luke Johnson

An issue that has troubled me for some time is the clash of generations under way at the top of so many organisations. It is not just the usual strife between ambitious youngsters and older incumbents waging a rearguard action to maintain their grip on power. Rather, this conflict reminds me of the battles between young and old in the 1960s over the Vietnam war, and the gulf of misunderstanding between them.

Luke Johnson

Something has been troubling me for a long, long time. I have a certain regret about the industries to which I have devoted my attention. I love fields like hospitality and the media, where I have spent much of my career. I understand how the economics work: restaurants and broadcasting can offer high margins and excellent cash flow, and providing diners and viewers with pleasure is hard to beat.

Luke Johnson

Humour and charm are a surprisingly powerful combination as a means of ascent in life. I have met a number of entrepreneurs who have built fortunes on the back of their wit and general popularity – and not much else. They disarm us with self-deprecation, we enjoy their company – so why wouldn’t we want to do business with them? Of course, it all has to be done well; sycophancy and flat jokes do not weave the same spell.

Luke Johnson

Board meetings are the central device for the supervision of companies. Do they work? I suspect they are the least bad system, but they are far from perfect. Very large boards tend to be dysfunctional. Generally, everyone feels they have to contribute to justify having turned up.



About the authors

Stefan Stern writes a column on Tuesdays on management. He is winner of the 2010 Towers Watson award for excellence in HR journalism, and has previously won awards from the Work Foundation and the Management Consultancies Association.

Ravi Mattu is the editor of Business Life, the FT's management features section, and a former editor of the Mastering Management series. He joined the FT in 2000 from Prospect magazine

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Elsewhere on FT.com: Lucy Kellaway

Lucy Kellaway writes a column on Mondays on work , poking fun at management fads and jargon and celebrating the ups and downs of office life. She is also the FT's Agony Aunt.

Elsewhere on FT.com: Luke Johnson

Luke Johnson writes an FT column on Wednesdays on entrepreneurship. He runs Risk Capital Partners, a private equity firm, and is chairman of the Royal Society of Arts.

Elsewhere on FT.com: Dear Lucy

Lucy Kellaway, FT columnist and associate editor, offers her solution to your workplace problems in a column in the Financial Times. In the online edition of her Dear Lucy 'agony aunt' column, readers are invited to have a say too.

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