Henry Kravis, founder of pioneer private-equity firm, Kohlberg Kravis Roberts & Co.
Sure, Henry Kravis earned his reputation as Wall Street’s prime Barbarian at the Gate. But the carried-interest fees that he took for his work - after taking over underperforming public companies through leveraged buyouts – were all geared to paying him BIG money only after his investors achieved their goals. To me, “no safety net” doesn't necessarily mean you lack resources. It means you take full responsibility for the performance of your company or its products and services. If they don't perform, you're willing to take a hit.
And when they do perform as promised, you deserve whatever margin you can wrangle.
Just like Henry.
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