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Hard Choices: Richard Branson (BusinessWeek)

I had been running Virgin Records since I was a teenager. By 1992 the record company had just signed Janet Jackson and the Rolling Stones, which felt like an accomplishment. We had tremendous acts: Genesis, Peter Gabriel, the Culture Club, the Spice Girls, the Sex Pistols, and Lenny Kravitz.

As it turns out, it was likely the best business decision of my life: We sold the company at the peak of the record business. But after telling the staff that we had sold, I set off running with tears streaming down my face. I passed an Evening Standard sign that said “Branson sells for 560 million pounds” and realized how bizarre it would look to people if they saw me sobbing my head off.

via Hard Choices: Richard Branson – BusinessWeek.

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