Last October (2007), Kelsey Hubbard on WSJ’s MarketWatch (see video page on this website), asked me what went wrong at Merrill Lynch and what mistakes were made by Stan O’Neal who had not yet departed with his compensation package of hundreds of millions of dollars. Reiterating what I had posted months before that, I said [...]
Tuesday, December 4, 2007
This morning on wsj.com, journalist Kelsey Hubbard asked me what lessons are to be learned from Stan O’Neal’s departure from Merrill Lynch as coaching points for those in the corner office or who aspire to be in the corner office. Here is my reply, given a few minutes to write it down. And some thoughts [...]
Tuesday, December 4, 2007
As the situation at Merrill Lynch evolves and more is known, my take evolves and the lessons learned can be richer. Much of the focus in the media is on Stan O’Neal’s severance package – extravagant considering the performance. And there is reason to be concerned about boards who, worried that they can’t recruit the [...]
Friday, November 30, 2007
For those who aspire to the corner office, there are important lessons to be learned from what has been revealed in the debacle at Merrill Lynch. A week ago, it was revealed that O’Neal’s response to mega losses in sub-prime products was to fire the execs he had put in place and driven to take [...]
Countless more ordinary people of equal talent never developed the leadership core required to run the show. Why not?
Friday, August 8, 2008
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