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Bill George
Scholar/Former CEO

Bill George

Bill George is a management professor at the Harvard Business School, the former Chairman and CEO of Medtronic, Inc., and the author of several best-selling books on leadership. His latest release is 7 Lessons for
Leading in Crisis
.

Tarnished Reputation

Several Wall Street leaders of firms like Goldman Sachs took the initiative last December and chose to forgo bonuses altogether for their executives. Regrettably, leaders at other firms were still operating in the traditional mode of maximizing their personal, even when performance isn't there. There is a sense among these leaders that they operate in the enclosed world of Wall Street, and can ignore public opinion. As a result, they are doing great harm to business reputation at a time when the nation is in a severe economic crisis.

By Bill George

 |  February 2, 2009; 11:38 AM ET
Category:  Economic crisis Save & Share:  Send E-mail   Facebook   Twitter   Digg   Yahoo Buzz   Del.icio.us   StumbleUpon   Technorati  
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