Leadership and the S-word
How hard is it to say really? Pretty hard for Alan Greenspan, apparently. His now-notorious answer to the question "Were you wrong?"-- he said, "Partially" -- was worse even than staunchly refusing to apologize. Decisive wrongheadedness is still decisive.
Greenspan's is simply another in a long line of non-apologies from the financial world. Meanwhile, at GE, CEO Jeffrey Immelt is singing the praises of regulation. "This notion that the free market solves everything has never been
true," he says. "The government always has been a catalyst for change...and
can be a positive catalyst for change."
Immelt explains to HBR editor Steve Prokesch why companies should stay committed to growth despite the financial climate change. This, I believe, is the next big business story: will companies, in general, retreat to profitability mode and forgo growth until the clouds break, some months or years from now?
Of course, GE's one of the biggest corporations in history. It has some cash lying around. (Though maybe not enough, if you read the story in the previous link), so committing to growth is less onerous for GE than others.
I wonder what Joe the Medium-Sized Business Owner thinks as he hears Immelt talk about leadership as "an intense journey into yourself."
No time for that Jeff. Bills to pay, you know? Unlike large financial services firms, most of us try and pay them.
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Posted by: bill1128 | October 28, 2008 1:10 PM
Posted by: edleingroup | November 1, 2008 1:15 PM
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