What do you do when you are booted out of your business leadership position? Go into politics, of course.

Carly Fiorina, Hewlett-Packard’s ex (to the great relief of people both internal and external) CEO is the latest to throw her hat in the ring, touting her corporate problem-solving skills; problem-making is more accurate.

So what do you do when you are booted out of your political position (or your term expires)? Go on the speaking circuit.

I realize that I may offend some of my readers, but to learn that George W. Bush is being paid $100K to speak for 40 minutes ($2500 per minute!) on “How to master the art of effective leadership” makes me ill. (Hat tip to Grant Lawrence at OEN for the heads up. I found his thoughts on the subject well worth reading.)

The next item is a great interview with Drew Gilpin Faust, president of Harvard University, who, unlike her predecessor, recognizes that communication is the most critical action when leading an organization “with enormously distributed authority and many different sorts of constituencies, all of whom have a stake in that institution” and have no tolerance for any top-down management.

Authenticity is cited by many leadership gurus as absolutely necessary, but Professor Jim Heskett, my favorite Harvard voice, solicited reader responses to this question earlier this month, “Can the “masks of command” coexist with authentic leadership?” Beyond his summation be sure to scan through the comments for significant insights both pro and con.

Your comments—priceless http://www.mappingcompanysuccess.com/seize-your-leadership-day-

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If I had spent the entire year scouring for business quotes to fit this title I probably wouldn’t find as perfect a selection as the ten offered up by Business Week in the Worst Predictions About 2008.

Here are my favorites, which do you like?

The Bad

“I’m not an economist, but I do believe that we’re growing.” —President George W. Bush, July 15, 2008 Nope. GDP shrank at a 0.5% annual rate in the July-September quarter. On Dec. 1, the National Bureau of Economic Research declared that a recession had begun in December 2007. (I thought that’s why presidents have advisers, so they didn’t have to be an expert in everything.)

The Worse

“A very powerful and durable rally is in the works. But it may need another couple of days to lift off. Hold the fort and keep the faith!” —Richard Band, editor, Profitable Investing Letter, Mar. 27, 2008 (This is not the guy you want editing your investment advice.)

“I think Bob Steel’s the one guy I trust to turn this bank around, which is why I’ve told you on weakness to buy Wachovia.” —Jim Cramer, CNBC commentator, Sept. 15, 2008 Two weeks later, Wachovia shares lost half their value from Sept. 15 to Dec. 29. nearly failed as depositors fled. CEO Steel eventually  agreed to a takeover by Wells Fargo. (Can you imagine who he distrusts?)

The Ugly

“I expect there will be some failures…. I don’t anticipate any serious problems of that sort among the large internationally active banks.” —Ben Bernanke, Federal Reserve Chairman, Feb. 28, 2008 In September, Washington Mutual became the largest financial institution in U.S. history to fail. Citigroup needed an even bigger rescue in November. (Come on. If you’re gonna head the Fed you need to prognosticate at least as well as you obfuscate!)

“In today’s regulatory environment, it’s virtually impossible to violate rules.” —Bernard Madoff, money manager, Oct. 20, 2007 On Dec. 11, Madoff was arrested for allegedly running a Ponzi scheme that may have cost investors $50 billion. (Unless your name is Bernie and you’ve been doing it for a decade.)

OK, your turn now. Click the link and choose your favorites or supply your own in comments.

Your comments—priceless

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