2008-11-16 15:29 | fche blog enun-dorsals entrepreneurs vs. CEOs
Congrats, I guess, to the winners, but it sure seems ironic that Ernst & Young could use a refresher on what it means to be an "entrepreneur".To wit:
From The Collaborative International Dictionary of English v.0.48 [gcide]:
Entrepreneur \En`tre*pre*neur"\, n. [F. See {Enterprise}.]
(Polit. Econ.)
One who takes the initiative to create a product or establish
a business for profit; generally, whoever undertakes on his
own account an enterprise in which others are employed and
risks are taken. --F. A. Walker.
[1913 Webster +PJC]
From WordNet (r) 2.0 [wn]:
entrepreneur
n : someone who organizes a business venture and assumes the
risk for it [syn: {enterpriser}]
A typical salaried CEO does not put up his own money to found/fund a business, so does not assume any greater risk of loss than any other employee. His income is guaranteed to be greater than zero -- and in many cases, much, much greater.