https://minutesof.com/on/governance/ Everyone on the record about governance: 23 verbatim quotes from 5 people, August 2012 to July 2026, in one chronology, each with a timestamp and a link… en Sun, 30 Aug 2026 22:32:59 +0000 https://minutesof.com/q/fa844534-f011-4424-8902-b882c3ccf79e/ https://minutesof.com/q/fa844534-f011-4424-8902-b882c3ccf79e/ “Later, when the risk materializes, we conduct a review and find that no single person made a bad decision. Instead, the system as a whole failed to “see” the risk clearly.” — John Williams, NY Fed speeches governance https://minutesof.com/q/a9bff0ea-99f6-43b0-94cb-1c2b1a278dbc/ https://minutesof.com/q/a9bff0ea-99f6-43b0-94cb-1c2b1a278dbc/ “I believe that it is critical for the Commission to move quickly and lay the groundwork necessary to restructure the CAT to address persistent cost, governance, and funding issues.” — Paul Atkins, SEC speeches and statements governance https://minutesof.com/q/b29acf32-28bb-40ef-91bf-dc5879104e65/ https://minutesof.com/q/b29acf32-28bb-40ef-91bf-dc5879104e65/ “One theme emerges from the comment file: investors and market participants want the Commission to take more responsibility for managing and funding this project.” — Paul Atkins, SEC speeches and statements governance https://minutesof.com/q/cebebd6d-b873-4cdf-8f3d-c5680346c771/ https://minutesof.com/q/cebebd6d-b873-4cdf-8f3d-c5680346c771/ “which bring our regulations into alignment with the Federal court’s vacatur of both the 75% requirement and the independent chair requirement. These amendments are a necessary step to reaffirm our commitment to sound regulatory principles.” — Paul Atkins, SEC speeches and statements governance https://minutesof.com/q/64194078-d452-41d3-b1bb-67648b7dc674/ https://minutesof.com/q/64194078-d452-41d3-b1bb-67648b7dc674/ “More than 20 years ago, the U.S. Court of Appeals for the District of Columbia Circuit vacated a rulemaking that would have mandated a board with no less than 75% independent directors and an independent chair as a condition to reliance on certain exemptive rules.” — Paul Atkins, SEC speeches and statements governance https://minutesof.com/q/70aedfc2-0b46-4b37-803f-9992f1038c23/ https://minutesof.com/q/70aedfc2-0b46-4b37-803f-9992f1038c23/ “And I think we elect a lot of people because we like what they're saying, but no one follows up to see if they can actually create change.” — Bill Gurley, Bill Gurley Tue, 21 Jul 2026 17:02:49 +0000 governance https://minutesof.com/q/e3a12331-1d1b-497b-819e-905fa54021cd/ https://minutesof.com/q/e3a12331-1d1b-497b-819e-905fa54021cd/ “It's more important than National Health Service. I mean, you take a Ciceronean view of the state, the security of the state is the first responsibility of the government.” — Sir Richard Dearlove, One Decision Mon, 22 Dec 2025 15:12:11 +0000 governance https://minutesof.com/q/ce5b9934-eba8-47b4-8254-05d030cc2236/ https://minutesof.com/q/ce5b9934-eba8-47b4-8254-05d030cc2236/ “I think Dan Wong does a good job of saying that America is run by lawyers the author of of Breakneck. Our country's run by lawyers and theirs is run by engineers.” — Bill Gurley, Tim Ferriss Wed, 17 Dec 2025 16:45:52 +0000 governance https://minutesof.com/q/6ca4abee-f327-4985-b513-07a15f790039/ https://minutesof.com/q/6ca4abee-f327-4985-b513-07a15f790039/ “Yeah. And that's what it feels like to me, you know, being able to step back into an operating role as CEO again” — David Friedberg, The Modern Acre Thu, 11 Sep 2025 16:54:41 +0000 governance https://minutesof.com/q/748b0b58-d5f6-4b4f-9078-ad78a7fce671/ https://minutesof.com/q/748b0b58-d5f6-4b4f-9078-ad78a7fce671/ “I cannot control a company, I cannot direct a company, I cannot lead a company from the board.” — David Friedberg, The Modern Acre Thu, 11 Sep 2025 16:54:41 +0000 governance https://minutesof.com/q/2aa4c945-0be4-4c2a-b6c1-5760586c792f/ https://minutesof.com/q/2aa4c945-0be4-4c2a-b6c1-5760586c792f/ “And for the listeners that may not know that 2 represents an annual management fee,” — Bill Gurley, BG2 Pod Mon, 10 Jun 2024 13:40:00 +0000 governance https://minutesof.com/q/abb3fb3e-b89e-4a4e-b595-d4bc1c765252/ https://minutesof.com/q/abb3fb3e-b89e-4a4e-b595-d4bc1c765252/ “I love the FTX story, not because I wanna pick on anybody, but to make the decision to give money to somebody that has no board and that has a side business that's commingled, who tells you it's not commingled, it turns out it was commingled. Like, what are you doing?” — Bill Gurley, Bloomberg Originals Fri, 21 Jul 2023 01:00:14 +0000 governance https://minutesof.com/q/0fa14a09-a0bd-413c-b6f4-b032089f040a/ https://minutesof.com/q/0fa14a09-a0bd-413c-b6f4-b032089f040a/ “I mean, the markets have a way of separating, very risk seeking individuals from their capital. It may not happen overnight, but it always happens eventually. Like there's no easy money.” — Bill Gurley, Bloomberg Originals Fri, 21 Jul 2023 01:00:14 +0000 governance https://minutesof.com/q/585b0f78-dba9-457b-b1c6-50e3919fb6b8/ https://minutesof.com/q/585b0f78-dba9-457b-b1c6-50e3919fb6b8/ “The problem is that's the exact same type of behavior that leads to the FTX situation because you take yourself out of a governance role completely because you just become the founder cheerleader.” — Bill Gurley, Bloomberg Originals Fri, 21 Jul 2023 01:00:14 +0000 governance https://minutesof.com/q/7086236c-2739-4b19-b71c-7c5b6ed9c8b9/ https://minutesof.com/q/7086236c-2739-4b19-b71c-7c5b6ed9c8b9/ “There is so much important criticality in getting in front of the right pitches that everyone wants to look like the best actor.” — Bill Gurley, Bloomberg Originals Fri, 21 Jul 2023 01:00:14 +0000 governance https://minutesof.com/q/8ba60c78-d89e-41fc-8e92-a0a9704fa5fb/ https://minutesof.com/q/8ba60c78-d89e-41fc-8e92-a0a9704fa5fb/ “And everything from my history of studying finance and economics would say that if you declared you'd never rake the system governance token, simply the right to kind of control a group or community would be worth a fraction, a small fraction of what an economic token would be.” — Bill Gurley, Invest Like the Best Tue, 07 Dec 2021 09:00:00 +0000 governance https://minutesof.com/q/9909d2b8-eb5e-4064-bec2-5089341f6f58/ https://minutesof.com/q/9909d2b8-eb5e-4064-bec2-5089341f6f58/ “one of the things that I believe strongly that I think is less well understood is that being public actually helps the companies run better. It's an enforced discipline.” — Bill Gurley, Bloomberg Tech Thu, 15 Feb 2018 00:05:18 +0000 governance https://minutesof.com/q/e2097851-026e-46fc-ba27-8b834333ef30/ https://minutesof.com/q/e2097851-026e-46fc-ba27-8b834333ef30/ “And I think it's led to a situation where there's not a lot of of stewardship for discipline and and results and that kind of thing.” — Bill Gurley, Bloomberg Tech Thu, 15 Feb 2018 00:05:18 +0000 governance https://minutesof.com/q/7c51d2c2-fea0-4125-a88d-3c2514445a50/ https://minutesof.com/q/7c51d2c2-fea0-4125-a88d-3c2514445a50/ “I guess the thing I would say is that, you know, the excessive amount of capital that's been available to Silicon Valley has allowed a lot of entrepreneurs to run without much discipline because if you if if you're not running out of money, you're not constantly being regraded” — Bill Gurley, Bloomberg Television Fri, 17 Nov 2017 19:47:21 +0000 governance https://minutesof.com/q/ad01ba67-d5e7-43e7-85b2-5a10c7faf6e6/ https://minutesof.com/q/ad01ba67-d5e7-43e7-85b2-5a10c7faf6e6/ “The the I guess the thing I would say is that, you know, the excessive amount of capital that's been available to Silicon Valley has allowed a lot of entrepreneurs to run without much discipline because if you if if you're not running out of money, you're not constantly being regraded and asked to come back to the table.” — Bill Gurley, Bloomberg Television Fri, 17 Nov 2017 19:47:21 +0000 governance https://minutesof.com/q/2541cfab-6012-4ef9-b8ec-70a71823e2e9/ https://minutesof.com/q/2541cfab-6012-4ef9-b8ec-70a71823e2e9/ “So people typically say benchmark, but there was five investors, including Fidelity, who felt like all of the constituents at Uber were at risk, if action didn't happen sooner.” — Bill Gurley, Bloomberg Television Fri, 17 Nov 2017 19:47:21 +0000 governance https://minutesof.com/q/b13117c1-db86-48aa-9850-f9df9a8b76d3/ https://minutesof.com/q/b13117c1-db86-48aa-9850-f9df9a8b76d3/ “We reached a point where we felt like, you know, the entire company, you know, and all of its constituencies, drivers, riders, employees, shareholders, were at risk if the company continued to move in the direction it was.” — Bill Gurley, CNBC Fri, 17 Nov 2017 18:49:28 +0000 governance https://minutesof.com/q/59437560-285d-42e9-bddd-425cae78dced/ https://minutesof.com/q/59437560-285d-42e9-bddd-425cae78dced/ “And that is to, let's say, encourage government servants not to write full records to conduct business by word-of-mouth.” — Sir Richard Dearlove, Cambridge Union Sun, 19 Aug 2012 23:29:16 +0000 governance