A moral compass on the dashboard
by Andrew Jackson
Integrity is an essential quality of any good leader. The banking crisis brought to the foreground the importance of the right culture and acting with principle. One international investment bank leader kick-started culture change by telling all its employees he regretted profitable decisions made in the past that were not in the clients’ best interests, whatever the prize at the time.
50% of leaders fail – what’s going wrong?
A frightening statistic is that more than 50% of mergers fail. Perhaps a more frightening statistic, less widely discussed, is that 50% of leaders fail. Of course, it’s harder to measure leadership failure or success unless it’s tied directly to company performance, such as long term growth in shareholder value with Jack Welch and GE. Or to obvious failure, such as Jeff Skilling and Enron.