Leadership, oh leadership. Wherefore art thou, oh leadership?What does this list have in common?

Leadership. Each person on this list has been held up as an example of leadership; lauded by the gurus of leadership for their vision, skill at articulating it and ability to attract followers.

• Alan Fishman, Washington Mutual
• Angelo Mozilo, Countrywide
• Bruce Karatz, KB Homes
• Chuck Prince Citigroup
• Douglas Ivester, Coca-Cola
• Frank Newman, Bankers Trust
• Franklin Raines Fannie Mae
• Gregory Parseghian, Freddie Mac
• Hank McKinnell, Pfizer
• James Cayne, Bear Stearns
• John Mack, Morgan Stanley
• Ken Thompson, Wachovia
• Kerry Killiger, Washington Mututal
• Lloyd Blankfein, Goldman
• Michael Ovitz, Disney
• Philip Purcell, Morgan Stanley
• Richard Fuld, Lehman
• Richard Grasso, New York Stock Exchange
• Robert Nardelli, Home Depot
• Stanley O’Neal, Merril Lynch
• Stephen Hilbert, Conseco

What else does this list have in common? Over the last 5 years every one of them has been ousted from their role.

The majority of their visions helped architect the current financial mess.

Oh yeah, and their parachutes ranged from gold to diamond-encrusted platinum. (Payouts listed here and here)

Take me to your leader.

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This entry was posted on Friday, October 3rd, 2008 at 4:30 am and is filed under About Leadership, Communication, Culture, Ethics, Leaders Who DON'T, Leading Factors. You can follow any responses to this entry through the RSS 2.0 feed.
Tags: financial crisis, Leadership, vision
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