So You Wanna Have a Well-Run Empire

Then Start By Hiring Really, Really Good People, Says Billionaire Mort Mandel

According to philanthropist and business leader Mort Mandel, the biggest problem facing anyone running anything—a nonprofit or for-profit company, a government, an institution of any kind—is that there are too few high achievers out in the world. Everyone is competing to find, hire, and keep the same few people—the people who make all the difference.

Mandel, who along with his brothers built a multibillion-dollar company out of a $900 initial investment and has run a successful charitable foundation for 60 years, credits his success to these “A” people. At a Zócalo/Drucker …