Leadership – a case in point

October 23rd, 2009

Yesterday I noticed Jack Welch posted a comment on Twitter questioning how companies with executive compensation limits would compete in the war for talent. Today NYT writer Kristof post stated that “Half the Sky” made the NYT best-seller list for the 4th week, calling it a “triumph for bleeding hearts!” “Half the Sky” is a book about the strength of women across the globe, atrocities they endure, and the potential they have as the force that hold up, metaphorically, half the sky. The next post I follow came from Zappos (twenty something year-old) CEO, Tony Hsieh, noting that a neighbor whom he’d never met stopped by to give him pumpkin bread (homemade & warm at that!) and declared that he needed to “figure out how to clone her.” Points of view, expressions of gratitude, business advice, themes of society – got to love twitter.

Every once in a while we find profound examples of personal and leadership development trajectories. These are great moments essential to the teachings of leadership skills, highlighting personal honesty, integrity, leading by example, motivating teams, seeing the forest through the trees, and the ability to admit when things have gone array. All leaders, and human beings for that matter, need to take a step back and evaluate their path at different points in their lives. For some, the opportunity to re-evaluate is thrust at them from an external source of tension, which appears to be the case for many executives in this current economy. At other times, a personal change occurs from within. Either way, a true transformational leader identifies and acknowledges the opportunity and seeks greater growth and transformation during these times. Case in point – Citigroup’s CEO Vikram Pandit. Here’s a leader who last February took a step back and for reasons either personal, professional, or a combination of both, determined his salary to $1.00 per year until the company was back to acceptable fiscal health. Yes, you read that correctly – one dollar annual salary, no bonus. True, I can psychically hear many of you saying ‘that doesn’t account for compensation beyond salary and bonus.’ Nonetheless, in the short term, what it does signify is a commitment and responsibility for him to Citigroup and its success. In the long term it points to a level of ethics and responsibility that needs to be at the forefront of business management. This could explain why terms like Corporate Social Responsibility and Social Entrepreneurship are getting millions of hits on google these days.

My life shattering to do list ….

  • Just think about it.

Oh, and… follow me (and others) on twitter: @linesexcellence

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