- Aug 19, 2005
- 16,292
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You’re completely downplaying the Pegulas day to day involvement in the hockey team. The greatest owner of companies in the world, Warren Buffet, communicates with his CEO’s once a year. That’s all he needs because he understands his limitations but recognizes what counts is the bottom line.The Pegula influence has always been overblown. The few times he has gotten involved, it’s been obvious, clumsy and blown up in his face fairly quickly.
1) Impulsively hiring LaFontaine
2) Flat management structure with Krueger.
The irony about the flat management structure is that idea came from the Bills set up. Where McDermott and Beane both reporting directly to Pegula. He thought he had his McD for the Sabres in Krueger. It works for the Bills because they're good at their jobs and work well together. It was a complete mess with the Sabres because Krueger was horrible.
They have a president of hockey ops and GM set up in all but name with Adams/Karmanos.
There is zero need for Pegula to communicate daily with his GM. Zero. A good oil and gas billionaire who owns a trophy sports team should interact as little as possible with managers of a business he knows nothing about, but he should hold them accountable for the bottom line. The Pegulas have it completely ass backwards with the Sabres: excessive day to day meddling, and zero accountability. I submit 13 futile seasons as evidence.