Scott Weiss – Ridiculously Transparent:

"The more that I thought about it, the more I believed that sharing absolutely everything would create massive advantages and that we should live with whatever consequences resulted.

So, after board meetings, we would assemble the company and go through every board slide... How much cash in the bank? What's our burn rate? What are the biggest problems we are facing?

[…] When everyone had a clear understanding of the hard problems, their collective brains were on the table for parallel processing. The best information rarely sat with the senior executives but with the employees that were closest to the product and closest to the customers."

(Via Fred Wilson.)