Warren Buffett once told Lawrence Cunningham that much of what he learned about management, he learned from Tom Murphy who, along with his partner, Dan Burke, turned Cap Cities from a single bankrupt UHF station in Albany into one of the most successful media giants in the world.
“Tom Murphy and [his long-time business partner] Dan Burke were probably the greatest two-person combination in management that the world has ever seen or maybe ever will see.” -- Warren Buffett.
Murphy and Burke's success has been attributed to their decentralized management philosophy, as described in Murphy's foreword to Cunninghams's Berkshire Beyond Buffett:
"We...
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