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Bestseller information from (800) CEO-READ:
HOPE: How Triumphant Leaders Create the Future (Jossey-Bass, June 2006)
Featured in daily top 5 on May 25, 2006 in spot #2
Featured in daily top 5 on Jun 1, 2006 in spot #5
Featured in daily top 5 on Jun 26, 2006 in spot #1
Featured in monthly top 25 on Jul 5, 2006 in spot #7
We love to fire leaders. In business, it’s good for the stock. According to Burson-Marsteller, average stock price appreciation of S&P500 companies increases 1.5 percent on the announcement of new CEOs. And when the board fires the CEO, its stock price increases 3 percent! Is it any wonder that leadership tenure has fallen to less than five years? Not only does Wall Street welcome new leaders, it rejoices!
Our reverence for firing leaders does not only apply to business leaders. It extends to coaches, sitcom characters, and – on occasion – even teachers (with the exception of those with tenure). When things aren’t working, we fire the leader.
The question is: why do we rejoice? It’s simple, really.
It appears innovation is back in vogue. And, since I live and breathe innovation, this is very good news.
The “outside the box” business is my business. What is most-exciting about working in the innovation business is that — at its core — new ideas bring hope. iPod brought hope to Apple Computer. Grameen Bank (micro-lending) brought hope to those living on $2/day. And, in a small way, I’d even go so far as to suggest that Clorox’s new disposable toilet bowl cleaners (apty named, ToiletWand) have brought hope to the endlessly-disgusting (yet necessary) experience of cleaning the toilet. Read the rest of this entry »
Some of you may have read a piece I wrote in celebration of Independence Day (July 4th) entitled Sweet Land of Oddity or Sweet Land of Irony. The piece ran in several newspapers around the country. There was a typographical error in the piece that went out uncorrected. According to the Bureau of Labor Statistics, there are roughly 1 million attorneys in the United States.
Here is the corrected piece: Read the rest of this entry »
