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Posted at 01:48 PM ET, 07/03/2012

Barclays cleans house of CEO, chairman and COO


Barclays CEO Bob Diamond resigned on Tuesday, as did the bank’s COO Jerry del Missier — and, on Monday, the bank’s chairman. (DYLAN MARTINEZ - REUTERS)

Here’s something that doesn’t happen every day: The chairman, CEO and chief operating officer of a major global banking powerhouse resign from their jobs within a two-day stretch. It’s being called an “boardroom bloodbath,” or the “Barcopalypse,” in the words of some on Twitter, as the three top executives at Barclay’s step down.

The moves come less than a week after the bank said it would pay $450 million in fines to U.K. and U.S. regulators to settle allegations that the bank had attempted to manipulate key interest rates. In essence, traders at the bank were accused of trying to rig a benchmark rate that helps to set global borrowing costs. (For a good discussion of the scandal for those of us who have no idea what LIBOR stands for, check out Heidi Moore’s great explanatory piece for National Public Radio.) The probe involves many other financial institutions and took an unexpected turn Tuesday, the Wall Street Journal reported, when Barclay’s released documents about a call between outgoing CEO Bob Diamond and an official from the Bank of England.

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By  |  01:48 PM ET, 07/03/2012 |  Permalink  |  Comments ( 0)
Tags:  barclays, bob diamond, marcus agius, leadership, banking

Posted at 09:59 AM ET, 07/02/2012

A reason to split the role of CEO and chairman


(Gianpaolo Pagni for The Washington Post)

A long-brewing debate in corporate America has centered on whether or not the job of CEO and chairman should be split. Proponents for the idea say it reduces the concentration of power in one individual and frees the CEO to focus on running the business. Meanwhile, detractors say that with more independent boards overall, and with the presence of lead or presiding independent directors, there is less of a need to split the roles and little evidence that doing so leads to better performance.

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By  |  09:59 AM ET, 07/02/2012 |  Permalink  |  Comments ( 0)
Tags:  ceo, chairman, gmi ratings, leadership

Posted at 01:12 PM ET, 06/29/2012

NBA Draft: Kentucky Wildcats make history, and coach John Calipari’s leadership deserves another look


Anthony Davis, head coach John Calipari and Michael Kidd-Gilchrist of the Kentucky Wildcats pose during the first round of the 2012 NBA Draft. (Elsa - GETTY IMAGES)

The Kentucky Wildcats made history last night in the NBA draft, with six of their men’s basketball players—three of them freshmen—going pro in the NBA’s annual rite of passage. While that ties University of Nevada at Las Vegas’ record from 1977, according to ESPN, the difference is that none of the Rebels went in the first round. Moreover, two players from the Wildcats’ national championship-winning team, Anthony Davis and Michael Kidd-Gilchrest, went first and second in the draft, the first time that has happened.

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By  |  01:12 PM ET, 06/29/2012 |  Permalink  |  Comments ( 0)
Tags:  nba draft, kentucky wildcats, john calipari, anthony davis, michael kidd-gilchrist, leadership

Posted at 12:45 PM ET, 06/29/2012

With resignation of U.S. Ambassador to Kenya J. Scott Gration, a question of leadership style


U.S. Ambassador to Kenya, J. Scott Gration, announced his resignation on Friday, citing ‘leadership style’ as one of the differences. (MIGUEL JUAREZ - FOR THE WASHINGTON POST)

Isn’t diplomatic leadership style just a nice way of saying foreign policy?

That’s the question I’ve been thinking about after U.S. Ambassador to Kenya J. Scott Gration announced Friday that he had resigned from his post and cited leadership style as one of the reasons. The Washington Post’s Sudarsan Raghavan reports that Gration said in an emailed statement that “differences with Washington regarding my leadership style and certain priorities lead me to believe that it's now time to leave.”

Such a statement is pretty unusual. It’s not often you hear “leadership style” discussed when it comes to the departure of high officials—more often than not, they’re retiring, leaving to spend more time with their families, or have strategic differences over how an organization should be run.

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By  |  12:45 PM ET, 06/29/2012 |  Permalink  |  Comments ( 0)
Tags:  us ambassador to kenya, j. scott gration, leadership

Posted at 01:27 PM ET, 06/28/2012

For Obama, after Supreme Court comes court of public opinion


Now that the Supreme Court has upheld the individual mandate and Affordable Care Act, President Barack Obama faces the challenge of recasting public opinion on the issue. (Carolyn Kaster - AP)

Of all the instant responses on Twitter to Thursday’s momentous Supreme Court decision upholding the individual mandate and Affordable Care Act—the calls on who predicted right, the cracks made at CNN’s expense, the counts of the number of times “broccoli” appeared in the Court’s decision—my favorite were two that came from presidential historian Doris Kearns Goodwin. On the ruling, she recalled a quote from Lincoln in two tweets: “Public sentiment is everything. With public sentiment, nothing can fail; without it nothing can succeed,” followed by “consequently, he who moulds public sentiment goes deeper than he who enacts statutes or pronounces decisions.”

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By  |  01:27 PM ET, 06/28/2012 |  Permalink  |  Comments ( 0)
Tags:  health care, obama, leadership, supreme court

 

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