Comment Re:That's not quite it (Score 4, Interesting) 51
Seems you missed the point there.
If the company is big enough, and swings around enough money, you can afford to have others do the time intensive stuff for you. And many on that level will.
A relative of mine owns quite a big precious metals recycling company - and delegates pretty much every tedious aspect of running the show to others. He mostly sits in one of his vaccation homes, has a few personal assistants with him, gets a briefing every day or two and "decides" on important issues. If he spends more than 2 hours a day with actual work I would be really surprised.
And thats how it is for the overwhelming portion of the ultrarich. they dont work hard - they condense their work down to the few moments that are fun.