“That’s the way we’ve always done it.” This statement, one you have likely heard more than once in your career, should be a warning. Best practices may not be the tried and true processes we’ve relied on but rather outdated ideas that should be re-examined. Continue reading
“All effective leaders are effective leader developers,” says Bernard Banks, retired Brigadier General of the US Army and now X at Kellogg School of Management. Banks noted that upon leaving military service after a 25-year career, he saw a disconnect between the military and the business world in the way they cultivated leaders. In business, developing leaders internally was a “perk” and not a strategic part of a long-term business plan. Additionally, companies did not invest appropriately in training future executives—or at planning for the future.
A recent study by The Wall Street Journal about CEO pay found something unusual: female CEOs earned more than their male counterparts. The study found that in 6 of the last 7 years, female CEOs earned more than their male counterparts. In 2016, women earned a median $13.8 million compared to $11.6 million for men. Let’s dig a little deeper to find out what’s going on here. Continue reading
Corporations have often taken the position that when it comes to sustainability or other socially responsible issues, the costs outweigh the benefits for the bottom line. In his book Capitalism and Freedom, published in 1962, economist Milton Friedman wrote: Continue reading
Just before International Women’s Day on March 8, a second bronze statue appeared directly opposite the famous bronze bull on Wall Street. The four foot tall girl, hands on her hips, stands with a defiant gaze leveled at the bull. A plaque at the girl’s feet reads: “Know the power of women in leadership. She makes a difference.” It was soon revealed that the statue had been commissioned by asset manager State Street Global Advisors (SSgA) and advertising agency McCann New York. Could this celebration of International Women’s Day be the shift towards recognizing women’s equality in business we’ve long hoped for?