If you wanna hire great people and have them stay working for you, you have to let them make a lot of decisions.
You have to be run by ideas, not hierarchy. The best ideas have to win, otherwise good people don't stay.
Steve Jobs's answer to a question at the D8 conference whether people are willing to tell him that he's wrong. In our complex network society it pays to be less curious about people's background and more curious about their ideas and values.