Seems like one of the most powerful man in the marketing industry — Sir Martin Sorrel, CEO of WPP — is under fire from some members of his company’s board to improve the level of consultation with other board members before taking decisions.

If you are not aware about Sir Sorrel’s business strategy, he has built his empire, the second largest marketing group as of today, with a series of extremely daring acquisitions including that of Ogilvy & Mather.

Gah! That’s exactly what I hate about most public companies — The boards, corporate governance, analysts and the stock markets.

I have always found that to make it big, you need the freedom to take bold decisions! And, it is not always easy trying to keep all these boards, analysts and stock markets happy while going ahead with your bold plans.

And, if they are not happy, you risk losing the company that you started (think Steve Job’s public firing from Apple earlier).

Seriously, I don’t know if I will be ever able to run a fully public company. I am better off bootstrapping and investing into other companies.

I have a habit of taking most of decisions on impulse and they have nearly always out-performed the decisions I took after researching a lot. That said, they are not blind bets. I do get myself to know and understand all the facts involved before making the decisions.

And, I don’t know how, but if I feel that a decision is good, it usually turns out to be good. My impulse is the only analyst I consult before making my investments and instead of losing my shirt, I got away getting myself a spankin’ new shirt instead.