- Motolotov cocktail thrown a Brooklyn mini-mart
- 3 Americans dead in shooting at Kabul hospital by Afghan guard
- Running on empty: EPA slashes biofuel goals because of ethanol shortage
- ‘Gay Jeans’ that fade into rainbow-colored denim created
- Divided court strikes down big porn award
- Jimmy Carter: Don’t hurt Russian people with sanctions
- Oldest ex-MLB player dies in Cuba, 2 days shy of 103rd birthday
- ‘Top Gun’ for drones: Squadrons of carrier-based killers have Navy’s approval
- Bill Clinton to endorse Charlie Rangel for re-election
- Pfc. Bradley Manning is now Pfc. Chelsea Manning: Court says so
BOOK REVIEW: ‘The Best in Us’
THE BEST IN US: PEOPLE, PROFIT, AND THE REMAKING OF MODERN LEADERSHIP
By Cleve W. Stevens
Beaufort Books, $26.95,
Reviewed by James Srodes
Sometimes it is salutary to restate the obvious. That is essentially what this reasoned, imaginative and easily digested prescription for a modern management strategy accomplishes. I cheerfully predict you will begin to notice copies of this book in airport lounges across the country being devoured by the new generation of business go-getters.
The obvious point being offered by business leadership-development guru Cleve W. Stevens is that something is terribly wrong with most corporate management in today’s United States and most especially within the kleptocracy known as Wall Street.
“We must face up, and when we do, what we see is that much of our business dealings, our financial dealings in particular, have been corrupted, and in some instances have become thoroughly rotten, so rotten that we cannot hope that a few meager reforms (reregulation) are going to rid us of that rot,” Mr. Stevens states.
It takes a moment’s reflection to recall how subtle the corruption has been. I have been a financial reporter long enough to recall a debate at a Business Council meeting between Henry Ford II and Roger Smith, the CEO of General Motors. It was not about some arcane financial scheme but about the relative technical merits of their two pet products — the Mustang and the Corvette. And CEO Charles J. Pilliod Jr. once took me onto the Goodyear factory floor in Akron to show me how to mount the belt in its new design for steel-belted radial tires. These men certainly were motivated by profits, but they also had a visceral pride in the products they made.
When he decries today’s bottom-line (and compensation-package) morality, Mr. Stevens knows whereof he writes. He is one of the world’s leading business psychologists and an authoritative consultant to global Fortune 500 executive suites on how to make the leadership team more effective.
Mr. Stevens draws a sharp distinction between what he calls today’s flawed “transactional” leadership ethic and what he advocates as a “transformational” leadership standard. The “transactional” ethos, he argues, is the root of the current corrupt dysfunction that grips the economy.
“This corruption is the unavoidable result of the ascendant business and business leadership rationale, a mindset that over the past forty to fifty years has become increasingly strident and self-assured, indeed certain that it is the only basis for business leadership. That rationale claims that extrinsic rewards and results — monetary rewards in particular — are the sole reason for the organization’s existence, and the people are, de facto, merely the means to that end. It doesn’t matter if that extrinsic result is profit, market share, new products, or even helping the have-nots of the world,” he argues.
“When we begin to buy into an ethic that declares shareholder value as the only value, we have set ourselves on a course, as we are now seeing, that ultimately and inevitably leads to bust,” he adds.
Mr. Stevens does not question the profit motive as a driving force in economics. To the contrary, profits are proof, he argues, that the other main objectives of successful leadership are functioning optimally.
As he describes the other required leadership priorities, “The first is the growth of the people, and the second is the achievement of excellence at all levels as the result of this development. To achieve these objectives, a third element must be present: The leader must be committed to his or her own growth, both as a leader and as a human being,” he says.
TWT Video Picks
By Andrew P. Napolitano
Obama's veil of secrecy is pierced
Get Breaking Alerts
- Pentagon plans to replace flight crews with 'full-time' robots
- 'Top Gun' for drones: Squadrons of carrier-based killers have Navy's approval
- Texas is next! AG warns BLM wants 90,000 acres after Bundy ranch standoff
- America is an oligarchy, not a democracy or republic, university study finds
- Nevada rancher Cliven Bundy hailed as patriot, ripped as lawless deadbeat
- Obama avoids 'red line' for China, prepared to impose tougher sanctions on Russia
- CURL: Obama's foreign policy even worse than his domestic policy
- Ukraine claims torture by pro-Russian forces on the heels of Biden's stern warning to Moscow
- Sold out: Ukraine's leadership swapped best military weapons for cash
- Jimmy Carter: Dont hurt Russian people with sanctions