Bridger Pennington breaks down a Fortune Magazine study on CEO time management. Fortune 500 CEOs said they spent 90 minutes daily on their top three priorities, but Jack Welch doubted it. A Forbes re-study found the real number was closer to 28 minutes.
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Fortune Magazine did a study. The top Fortune 500 company CEOs. So, these are people that are like shaping global markets. Like, these are the Fortune 500 company CEOs in America. How much time are they focused on their company's top 3 strategic priorities? In other words, the things that actually move the business forward. And you'd say, I don't know, 5 hours a day or, you know, 6 hours, 8 hours a day. It was 90 minutes. Wow. So, Jack Welch hears this. He says, I highly doubt it's that much. Forbes goes back and redoes the study. Goes to the CEOs, all right, all right. Start, stop, start, like for reals, how much time? And they like dig in a little bit deeper, ask a little bit more sincere questions, get a little bit more honest, a little more vulnerable. And it wasn't 90 minutes a day, it was 28 minutes a day. Wow.