5 Lessons Michele Bachmann Should Learn From Bartz and Krawcheck
The following commentary comes from an independent investor or market observer as part of TheStreet's guest contributor program, which is separate from the company's news coverage.
NEW YORK (TheStreet) -- The business world was a-twitter with the exit of two major corporate executives. Sallie Krawcheck was let go from Bank of America's (BAC) wealth management unit. Carol Bartz was fired from Yahoo! (YHOO), getting the bad news in a pre-scripted telephone call.
Krawcheck and Bartz have both been lauded as superstars with proven records of success in other companies. Their demise offers lessons that other chief executives would be wise to learn. That includes Michele Bachmann, would-be Republican nominee for President.
At first blush, running the country may not seem much like running a corporation. But leadership is leadership, and the cutthroat cultures of national politics and big business have much in common. Just as corporate executives can learn from politicians' mistakes, political candidates can benefit from observing how the business community evaluates its leaders, and which leaders survive to work another day.
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