Have you noticed the efforts to diminish the compensation or banking honchos and Wall Street hotshots?
Or at least make it look that way.
Our friends at Goldman Sachs are in the forefront, which should give you lots of confidence that the effort is for real.
The bonuses are in restricted stock that has to be held at least five years, so if the stock value went down 20% the banker would receive only $8 million instead of the $10 expected—poor baby, a lousy $8 million dollars, that’s terrible! Of course, the stock goes up 20% they’ll pick up an extra two mil.
Goldman …read more

It’s November, a time when the end of the year is suddenly much closer than you thought.
During the next two months people will be doing their best to tidy up all the loose ends, both business and personal, before the year ends.
Whether you do it yourself or have and executive team and thousands of employees, you can’t afford to focus only on wrapping up 2009; you need to plan for 2010.
The approach we use was drummed into my head since 1979 by Al Negrin, RampUp’s angel and chairman.
It’s called PBO (plans, budgets and objectives), but is very different from the …read more

Friday I explained how the Philosophy of ER can help you lead a more satisfying life and achieve more of your goals, especially the big ones. Today I want to share a focus that has helped me bounce back from a variety of things, large, small and even devastating, over the years.
It is the difference between spending large amounts of time and energy arranging your life so nothing can go wrong or trying to fix the people in your world so you won’t be hurt/upset/etc. when they doing whatever as opposed to recognizing that there is nothing you can do …read more

I have some great links for you today, but I only want you to read them if you hold tight to the Leadership Turn caveat while you do it.
In case you don’t remember, the caveat is that leadership information is useful to you whether you are still in school, a stay-at-home parent, a worker, middle manager, or the person in the corner office. Everyone leads at one time or another, so tweak the information to fit what you need at this moment.
First, some useful information from a book review called 7 Lessons for Navigating the Storm, the 7 actions listed …read more

When discussing or reading about leadership you hear a lot about EQ, AKA, emotional intelligence and SQ, AKA, social intelligence, but what do they really mean?
Emotional intelligence refers to self-knowledge or, in my words, knowing and understanding your MAP (mindset, attitude, philosophy™).
Social intelligence refers to your knowledge and understanding of other people’s MAP.
To learn more, watch this interview with Daniel Goleman, prolific author and renowned psychologist. Start learning how to use emotional and social intelligence to improve your team’s performance as well as your own, both professionally and professionally.

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Image credit: nono …read more

Frequent readers know that I am not a devotee of Warren Bennis, who famously propagated the idea that leaders and managers are not only different, but that ‘leaders’ are higher on the food chain possessing far more value than the lowly manager.
I have devoted numerous posts to dispelling this attitude (See series starting here.), much like Don Quixote tilting at his windmills. (It’s not a new attitude; I’ve had a statue of Quixote and Sancho Panza for years:)
I was discussing this over lunch with several executives and voiced my thought that no manager at any level can function successfully in …read more

Now learn how to guarantee business FAILURE
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Hopefully you’re not laboring today, at least not at work.
There’s no football, so other than eating what is likely the last BBQ of the season and indulging in too much beer you might be a bit short of entertainment.
Never fear, just click the link and settle in for some great viewpoints on leadership, management, employee interaction and other pertinent subjects at September incarnation of the Leadership Development Carnival.
You’ll not only find my favorites, Wally Bock, Steve Roesler and Jim Stroup, but a host of excellent writers and downright smart people.
It doesn’t matter if you agree with what they say (I …read more

Millennials and those who study them love to position them as demanding different things from the workplace than their predecessors.
The latest is a list from LeaderTalk that describes Millennials’ Five Leadership Truths:
Truth #1 – Leadership development begins with self development; it’s about the individual; what is the first question most people want to ask a new leader?
Truth #2 – You can’t do it alone
Truth #3 – The foundation of Leadership is Credibility
Truth #4 – You either lead by example or you don’t lead at all.
Truth #5 – Being forward-looking most differentiates leaders.
Nearly two years ago Success Television listed Gen Y’s …read more

Dan McCarthy over at Great Leadership By Dan is once again hosting The July 5th Leadership Development Carnival (it will be hosted other places in the coming months) and, as Dan says, “It’ll help work the cramps out of your brain,” now that the holiday is over.
There’s a lot of excellent information available from the many outstanding participants.
Click around, read and enjoy, but with my normal caveat—leadership is for everyone, not just the person out front.
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Image credit: Great Leadership by Dan