Archive: September 13, 2009 - September 19, 2009
Private-sector pressures on Wall Street business leaders mean we are unlikely to see significant change in the business culture, and appropriate government intervention will be necessary.
By Kurt Schmoke | September 18, 2009; 6:29 AM ET | Comments (14)
Bring out those who have had the courage to buck Wall Street trends and help them to change the game.
By Deborah Ancona | September 17, 2009; 7:02 AM ET | Comments (2)
The best we can hope for is that some far-sighted bankers will work with the Congress rather than fight it in crafting legislation that will incentivize transparency, accountability and longer-term thinking on Wall Street.
By Marty Linsky | September 16, 2009; 7:20 AM ET | Comments (0)
To change Wall Street, business schools should include ethical leadership as a core component of their curricula.
By Lt. Col. Todd Henshaw (Ret.) | September 16, 2009; 7:13 AM ET | Comments (8)
Wall Street has only one prerogative and that is to maintain the illusion that it adds value so that it can charge spectacular sums for its services
By Roger Martin | September 16, 2009; 7:05 AM ET | Comments (54)
Wall Street often equates people who know how to earn high wages with people who know how to lead.
By Joanne B. Ciulla | September 16, 2009; 6:59 AM ET | Comments (4)
Changing behavior at financial institutions requires leaders with a clear philosophy, starting with a statement of purpose that translates into how employees are expected to act and how results will be defined and measured.
By Michael Maccoby | September 16, 2009; 6:52 AM ET | Comments (0)
Wall Street has a lesson to learn from its neglect of the big picture. Now it's up to the government to ensure that there is transparency on Wall Street.
By Yash Gupta | September 16, 2009; 6:39 AM ET | Comments (0)
Given that we suffer from over-confidence when things are going well, company executives and directors can require a culture of caution and a mindset of continuous improvement.
By Michael Useem | September 15, 2009; 11:51 AM ET | Comments (1)
Business organizations must be designed-to check greed, stupidity and corruption and to channel capitalism's "animal spirits" into sustained, durable creation of real economic value.
By Benjamin W. Heineman, Jr. | September 15, 2009; 6:57 AM ET | Comments (0)
The more virtual the world gets, the more personal and approachable leadership has to be.
By Barry Salzberg | September 15, 2009; 6:51 AM ET | Comments (1)
If the leaders of the U.S. business community were your friends or relatives, you'd stage an intervention after their long series of drunken orgies stretching over the past 30 years.
By Alan M. Webber | September 15, 2009; 6:40 AM ET | Comments (7)
Wall Street leaders have a duty not to the "long-term health of the economy," but to their shareholders. If they work toward that interest, the national economy is almost certain to benefit.
By Slade Gorton | September 15, 2009; 6:36 AM ET | Comments (7)
Scenario planning -- relentlessly asking "what would happen if?" -- should be a vital part of leadership in any industry, but it is a particularly essential discipline in financial industry.
By Tom Monahan | September 15, 2009; 6:29 AM ET | Comments (0)
We have seen plenty of piracy, now where is the stewardship? Is it even possible to change the culture to a more sustainable perspective?
By George Reed | September 14, 2009; 3:18 PM ET | Comments (1)
If newly minted MBA grads wanted to help the world achieve "long-term health," they would have become medical doctors! The reward system has to change first.
By Marshall Goldsmith | September 14, 2009; 3:09 PM ET | Comments (26)
Moral leadership in the global financial arena will take years to regain, and Wall Street and Western governments need to respect practices in foreign markets that may challenge the classical understanding of open markets and capitalism.
By Raju Narisetti | September 14, 2009; 2:24 PM ET | Comments (0)
Business schools need to become educational institutions, not just trade schools.
By Mickey Edwards | September 14, 2009; 2:01 PM ET | Comments (4)
Personally I am dubious that Wall Street will heal itself, but the culture may change if top leaders take responsibility for the crisis.
By Howard Gardner | September 14, 2009; 1:01 PM ET | Comments (1)
Congress must strengthen our financial regulatory system so that someone is looking out for "systemic risk."
By Paul R. Portney | September 14, 2009; 12:43 PM ET | Comments (8)
The high-risk, high-reward pay structures of Wall Street over time drive diversity out of a workforce, leading to dangerous group think.
By Beth A. Brooke | September 14, 2009; 12:34 PM ET | Comments (3)