Bill Gates doesn’t believe he sells time, thus there’s no need for him to maintain a timesheet. The two go hand and hand.
This is why I was so amazed by Evan Chesler’s opening statement in his Forbes article on the billable hour:
I’m a trial lawyer. I bill by the hour. So do the associates who work for me.
If you were to ask any other CEO to define themselves, or their company, I doubt you’d hear that sentiment.
Note that Google allows its employees 20% “Google time” to innovate new ideas, services, etc., for its customers. How many professional firms would do that in a billable hour environment?
Is it any wonder that PKFs are not hot beds of innovation?