Good Business New York (GoodB) is invited again this year to attend the upcoming Green Festival at the Javits Center on Manhattan’s far west side. We will be taking our team to the events this weekend and reporting back to GoodB readers all the news that fit to print- on our sustainable solar hosted site that is!
Terry Mollner, one of the founders of the Calvert Foundation and credited for securing the mission of Ben and Jerry’s in their sale to Unilever, was invited to attend some of the annual World Economic Forum in Davos, Switzerland.
BULL BY THE HORNS: Fighting To Save Main Street From Wall Street And Wall Street From Itself by Sheila Bair (Free Press, 2012) Reviewed by Economist Hazel Henderson- Founder of Ethical Markets. This book presents a brilliant, in-depth analysis of global finance, wonderful insights and vignettes and a positive view of how reforming markets, metrics and rule-making can steer toward a sounder financial future worldwide.
Trust in the marketplace is at an all-time low. Formerly esteemed financial, government, and corporate institutions have become publicly reviled in recent years and viewed with great suspicion. The collapse of Enron in 2001, the bankruptcy of the 4th largest investment bank in the world, Lehman Brothers, and the seemingly endless parade of scandals that continue to follow have darkened the economic landscape for companies and executives who believe in doing business with integrity. All corporations have become suspect to increasingly pessimistic investors and consumers. Finding a way to inspire public and private confidence is the challenge for modern business leaders.
At a recent evening celebrating women leaders, California Senator Diane Feinstein claimed that, “If Congress were all women, we would have financial reform by now.” That may or may not be true. Yet there is something to be said for the healing quality of women. The women in government right now seem intent on fixing the problem, not denying it exists or throwing more wood on the fire. Say goodbye to the Old Boy’s Club. Say hello to the all New Girls’ Club.
The message of forceful and competitive behavior as “unfeminine” represents the cultural ambivalence to women and power. We are taught from the time we can hear, speak and see that women have different rules than men. What is a forceful, competitive, controlling male? Answer: A CEO.
They may be rich, but they’re not stupid….
Today’s billionaires are feeling the heat. This past week, seventy billionaires made their way to the Swiss mega-resort town of Davos to strategize the 2012 global economy. Every year at this time, the money elite take their place at the top of the eco-pyramid for an “I’m Richer Than You” power fest in the snow-capped Swiss Alps. It’s the Oscars for the world’s super-rich. Only the prize is being there and perhaps garnering the best party invites.
Organizations invest billions annually on a success curriculum known as “leadership development,” which ends up leaving so much on the table. Training and development programs almost universally focus factory-like on inputs and outputs — absorb curriculum, check a box; learn a skill, advance a rung; submit to assessment, fix a problem. Likewise, they leave too many people behind with an elite selection process that fast-tracks “hi-pos” and essentially discards the rest. And they leave most people cold with flavor of the month remedies, off sites, immersions, and excursions — which produce little more than a grim legacy of fat binders gathering dust on shelves.
Traders are unique among Wall Street professionals. They are a restless bunch always in search of the next thrill. The people who climb to the top of Mt. Everest, jump out of planes, engage in hardcore sports or high stakes poker have lots in common with traders, or they might be traders themselves. Like other risk takers, traders thrive on the adrenalin rush. The promise of the high at the end of the winning trade propels them forward. And while they hate losing more than most people, the fear of losing doesn’t seem to stop the best of them from piling risk on top of risk.
Alan Webber is one of the legends in the world of progressive business. After achieving what for many would be the pinnacle of success as a journalist; Managing Editor for the Harvard Business Review, Webber took the unprecedented risk of starting an unknown magazine for an untested market: Fast Company.
Good-b CEO Monika Mitchell Discusses “What’s Good about Wall Street” and why Occupy Wall Street has started a conversation America needs to have.
They are mad as hell and not going to take it anymore. Many in the financial industry and corporate world seem to be mystified as to what “they” – the “Occupy Wall Street” squatters in Zuccotti Park downtown New York – are protesting. At the World Business Forum 2011, a 30 something techpreneur addressed the 5,000 strong corporate crowd with a familiar echo reverberating across the financial media: “No one knows what they are angry about!”
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