This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Leading and Succeeding When Every Eye Is on You

By Jay Hooley, State Street chairman, president and chief executive

NEW YORK ( TheStreet) -- On the precipice of the three-year anniversary of Dodd-Frank and amid Senate discussions around weakening some of its reforms, it's important to bear in mind that every financial shock is followed by a period of finger pointing, hand wringing, chest thumping and hindsight.

But when you are a leader whose organization and industry have come under heightened scrutiny, hindsight is a luxury that time will not allow. You're expected to act quickly, and your actions will be held to the highest of standards.

For CEOs, this means all eyes will be on you, and every one of your stakeholders -- from your investors to your employees -- will expect you to exhibit the power and endurance of an Olympian while demonstrating the integrity and leadership expected of all leaders.

Your every action will determine if your team draws the right lessons from the turmoil you've experienced and if you can successfully steer your company through any fallout. Doing this isn't always easy, but the right strategies can help you improve the outcomes.

Go Flat

Today's top leaders have already learned the lessons of Thomas Friedman's book "The World Is Flat." They've built businesses that are capable of quickly disseminating information, people and tools across geographic and organizational boundaries. By "going flat," these managers are able to rapidly tap the intelligence of diverse groups to quickly solve complex problems. They're able to bring together the far-ranging insights that suggest near-term solutions and alternatives. Good leaders go where they need to go.

Race with the Machines

In their new book, "Race Against the Machine," Erik Brynjolfsson and Andrew McAfee retell the legend of John Henry, the hero of the Industrial Revolution whose heart burst after his triumphant race against the steam drill.

The legend points to a clear lesson: Technological innovation is ceaseless and, as the authors write, "economic progress comes from constant innovation in which people race with machines. Human and machine collaborate together in a race to produce more, to capture markets and to beat other teams of humans and machines."

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG
AAPL $131.36 1.30%
FB $80.06 0.91%
GOOG $536.66 0.82%
TSLA $246.79 -0.27%
YHOO $42.79 -0.14%

Markets

DOW 18,131.19 +89.65 0.50%
S&P 500 2,114.30 +10.10 0.48%
NASDAQ 5,067.0420 +34.2910 0.68%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs