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November 20, 2007
Nicklaus sours on the public corporation
This Bloomberg video interview reveals that you can count legendary PGA Tour champion Jack Nicklaus as another businessman who has had enough of the public form of corporation:
The biggest mistake I ever did was let my guys talk me into taking a part of the company public. That was the biggest mistake I ever made. I had no idea what--what the rules and laws were of a public company. And we did a public company. And a lot of people lost money, including me...It was a great lesson. But, you know, if you're gonna get into that business, you better know what the devil you're doing.
Nicklaus discusses a number of different topics during the 20 minute interview, including his golf course design business and the evolution of Tiger Woods. Check it out.
Posted by Tom at November 20, 2007 12:05 AM
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