Tuesday, June 27, 2006

Two for Tuesday

Two articles for this Tuesday

First comes from the New York Post as Joel Sherman shows amazement at how George Steinbrenner has loosened up the controls on his team and allowed Brian Cashman to do his job as the General Manager: click here.

We'll see how long this continues, especially with the Yankees 2 1/2 games out of first place (despite a resurgent Big Unit with help from Jason Giambi last night), but very few will deny that the overall organization is in better condition (from the Single A farm teams on up). This decision to harvest young players and build from within as well as lean on Cashman's advice that signing old, high-priced players will eventually drive the Yankees back into the baseball cellar seems to be the correct way of doing things. Eventually a good executive or manager in a company will realize when it is time to give up some control for the better of an organization and this can definitely be seen in this case.

The other article, from the Portland Business Journal is definitely related as it talks about what a C.E.O. can do to motivate employees: click here.

When I worked at Deutsche Bank as a summer intern, we used to have a speaker series. One of the speakers was a surprise guest: CEO of Private Wealth Management in North America, Gloria Nelund. She spoke and answered questions and asked us about the internship program. A couple of days later I saw Gloria in the elevators and she had remembered my name and what I was doing at the bank and asked me by name how it was going. Although not a huge gesture, the fact that the CEO took time to remember me meant a lot.

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