This document discusses the leadership approach of Ricardo Semler and his company Semco. Some key points: - Semler implemented a radical hands-off leadership approach at Semco, giving employees significant autonomy and participation in decision making. Employees set their own schedules, salaries, and can choose which managers and offices they work under. - This decentralized, non-hierarchical model has led to high growth and profitability for Semco. Over a 14 year period the company grew revenues at an average of 27.5% annually, even as other Brazilian companies failed. - Semler's approach places high trust in employees and their creativity. By treating employees like adults and giving them freedom, they respond positively and help