Comments on: Leisure-loving CEOs come under scrutiny http://www.sunwords.com/2007/11/09/leisure-loving-ceos-come-under-scrutiny/ Tue, 07 Feb 2012 08:24:23 +0000 hourly 1 http://wordpress.org/?v=3.1 By: Jane Thirikali http://www.sunwords.com/2007/11/09/leisure-loving-ceos-come-under-scrutiny/comment-page-1/#comment-964 Jane Thirikali Thu, 10 Jan 2008 12:52:06 +0000 http://www.sunwords.com/2007/11/09/leisure-loving-ceos-come-under-scrutiny/#comment-964 Isn't business life full of contradictions - when things work out, we all cheer the CEO - hours at golf or bridge not excepted. When matters go haywire we look for faults in the CEO - he was too busy courting his new girlfriend, he was too busy making plans for his wedding, he was too busy flying in his friend's private jet etc. In truth only the CEO knows how much work he is required to put in to achieve his understanding of the organisations set targets/goals and I also think if the time comes for change, change will happen however unfavourable irrespective of whether he stays in the office all day every day or travels to Jordan for 6 days. Isn’t business life full of contradictions – when things work out, we all cheer the CEO – hours at golf or bridge not excepted. When matters go haywire we look for faults in the CEO – he was too busy courting his new girlfriend, he was too busy making plans for his wedding, he was too busy flying in his friend’s private jet etc. In truth only the CEO knows how much work he is required to put in to achieve his understanding of the organisations set targets/goals and I also think if the time comes for change, change will happen however unfavourable irrespective of whether he stays in the office all day every day or travels to Jordan for 6 days.

]]> By: Sunny Bindra http://www.sunwords.com/2007/11/09/leisure-loving-ceos-come-under-scrutiny/comment-page-1/#comment-670 Sunny Bindra Thu, 22 Nov 2007 09:10:45 +0000 http://www.sunwords.com/2007/11/09/leisure-loving-ceos-come-under-scrutiny/#comment-670 I certainly agree that the whole sub-prime fiasco is far from 'an act of nature', as so many CEOs seem to want to portray it. It is poor business judgement, if not wanton recklessness. Rather than carry the can, leaders are hiding. And when they finally get the boot, they walk off with obscene amounts of money! I certainly agree that the whole sub-prime fiasco is far from ‘an act of nature’, as so many CEOs seem to want to portray it. It is poor business judgement, if not wanton recklessness. Rather than carry the can, leaders are hiding. And when they finally get the boot, they walk off with obscene amounts of money!

]]> By: learner http://www.sunwords.com/2007/11/09/leisure-loving-ceos-come-under-scrutiny/comment-page-1/#comment-668 learner Thu, 22 Nov 2007 01:43:35 +0000 http://www.sunwords.com/2007/11/09/leisure-loving-ceos-come-under-scrutiny/#comment-668 Sunny, as a leader, I know that when things start going south, people start looking for excuses not to come to work. Bear Stearns, and Merrill had problems, but having the CEO there during the summer is not what was the problem. They ran their organizations like MOI and did not have a team that could think through the ramifications. The decisions were made several years ago, and the CEO and his lieutenants did not want to look to closely to what they were getting themselves into. The subprime mortagage problem is not an unkown, there is data out there that could be incorporated into risk models , but it was not. The US has the credit score, which has been developed and tweaked over the years. The company that created it, Fair Isaac, can even develop a custom credit score for a particular group of customers. The CEOs did not look their teams in the eye, and hold the teams accountable, and even take a hit for the short-term,. Sunny, as a leader, I know that when things start going south, people start looking for excuses not to come to work. Bear Stearns, and Merrill had problems, but having the CEO there during the summer is not what was the problem. They ran their organizations like MOI and did not have a team that could think through the ramifications. The decisions were made several years ago, and the CEO and his lieutenants did not want to look to closely to what they were getting themselves into. The subprime mortagage problem is not an unkown, there is data out there that could be incorporated into risk models , but it was not. The US has the credit score, which has been developed and tweaked over the years. The company that created it, Fair Isaac, can even develop a custom credit score for a particular group of customers.

The CEOs did not look their teams in the eye, and hold the teams accountable, and even take a hit for the short-term,.

]]> By: mbagara http://www.sunwords.com/2007/11/09/leisure-loving-ceos-come-under-scrutiny/comment-page-1/#comment-624 mbagara Mon, 12 Nov 2007 12:21:50 +0000 http://www.sunwords.com/2007/11/09/leisure-loving-ceos-come-under-scrutiny/#comment-624 I agree with the comments on the absentee CEO's. It is true that there are important deals struck at the golf course, but when these deals are made at the expense of work being done on previous ones, not forgetting the responsibility owed to customers, employees and shareholders, then the golfing, or whatever sport or leisure taken up isn't justified. I agree with the comments on the absentee CEO’s. It is true that there are important deals struck at the golf course, but when these deals are made at the expense of work being done on previous ones, not forgetting the responsibility owed to customers, employees and shareholders, then the golfing, or whatever sport or leisure taken up isn’t justified.

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