Tags: Banks, CEOs, humility, self-awareness, well-polished veneers of boringness
Is your bank looking for a new CEO? Are you considering throwing your name in the ring? Do you feel confident you’ve got a pretty good shot? Before you start printing up new business cards, take a moment to make sure you’re not basing your qualifications on outdated ideas re: what search committees value in a Chief Executive Officer.
According to the Wall Street Journal, in a departure from past, banks are now looking for people who won’t embarrass them in public and would have the sense to say, “No, it would not be a good idea for me to send a picture of my bare ass to the chairman of the Federal Reserve with the caption ‘Regulate this’” in response to an announcement about new capital requirements. Read more »
Tags: Ben Bernanke, humility, Jeffrey Lacker, running around like my hair’s on fire
It takes a strong man to look at Ben Bernanke’s gentle, bearded face and tell him to piss off. Jeffrey Lacker, president of the Federal Reserve Bank of Richmond, is just such a man.
Lacker’s used every opportunity to let Bernanke and his rotating cast of puppets know that they’re wrong about the stimulus and that they’re imperiling what used to be the Fed’s only mission, controlling inflation. And he’s apparently doing so at substantial risk to his own standing, because while bickering, name-calling and kicking-and-screaming disagreement is all the rage every else in the District of Columbia, dissent does not go over well at the marble Politburo on Constitution Avenue NW. Read more »