Video - see what a military man think of torture, indefinite
detainment and Guantamo; Gen. Wes Clark:
http://www.youtube.com/p.swf?video_id=Epc6-euYCbs&eurl=&iurl=http%3A//img.youtube.com/vi/Epc6-euYCbs/2.jpg&t=OEgsToPDskLuOee9Dh22fuJc9eS5HoB6
and or this link:
http://www.youtube.com/v/Epc6-euYCbs
--
"Those who make peaceful revolution impossible will make violent
revolution
inevitable." - JFK
Consult Cashman
Where Have All the Leaders Gone?
Kevin Cashman 08.14.06, 6:00 AM ET
Minneapolis, Minn. -
There's a new crisis in Corporate America. It has nothing do
with Enron, ethics or Sarbanes Oxley. The real problem is the
dwindling supply of CEO and C-Level talent. In May, CEO
departures within U.S. companies hit a record high of 148
executives, according to Challenger, Gray & Christmas. "In five
years, 50% of all C-Level executives will retire," says Paul
Reilly, CEO of Korn/Ferry International.
What's causing such attrition? Wall Street pressure for results
with no hiccups doesn't help. Neither do boards who seem fixated
on finding heroic hired guns. Meanwhile, the pool of talent is
dwindling as baby boomers retire and many corporations fail to
properly invest in their high-potential talent.
Who will step up and fill the growing void? That's a good
question--with an unpleasant answer. In the next decade, the
challenge to locate and develop leadership resources may be
every bit as much of a struggle as drumming up new energy
resources. In fact, our leadership "reserves" may be heading for
an all-time low. Demand is going up, and supply is going down.
Is it any surprise executive compensation is accelerating?
The following reader questions give a taste of what it feels
like to be a leader in short supply today. (To encourage an
honest dialog, executives' and companies' names have been
withheld.)
Former CEO in the publishing industry : As a former CEO, I know
how difficult it is to face even an occasional talent drain.
What practical measures can senior leaders take to deal with
potential crises?
Cashman: It may sound simplistic, but the best thing a top
leader can do is be a great coach, boss and mentor. After
conducting 19,700 exit interviews of key employees leaving
companies, the Saratoga Institute found that 85% of bosses
thought their top people left for more money and opportunity.
But the real reason behind the turnover: 80% said they left due
to poor management and leadership or because of a dysfunctional
company culture. If you're a board member, a CEO or a leader on
the front lines, paying more attention to the development of
your people and teams is the crucial variable for retaining key
people.
President and COO in the educational services industry: Will the
coming shortage of senior-level talent cause companies to become
more thoughtful and aggressive in their development and
retention initiatives?
Cashman: Let's hope so. However, the current situation doesn't
look so good. We estimate that only 35% of all firms have a
retention or talent management system that will produce at least
one successor for each key position. World-class organizations
have two people ready for each key job that will need filling at
the top. But this only accounts for about 10% of companies. The
crisis is here, and most leaders don't fully see it yet. The
ones that do and invest in succession and leadership will have a
significant competitive advantage in the coming decade.
CEO in the financial services industry: Faced with a shallower
pool of talent but armed with lucrative compensation packages,
how can I ensure that--amid fierce competition for talent--we do
not unintentionally compromise our values and become an Enron?
Cashman: Enron espoused beautiful values and believed in paying
top dollar for top talent, but recognizing and living values are
not one in the same. Retiring business owners can attest that
the heart of succession planning is finding talented people who
genuinely connect with the company's culture and values. In
fact, upholding values on par with results in every phase of
business is what transforms corporate cultures. As a result,
people will be attracted to the company and its value
proposition. This is why Southwest Airlines (nyse: LUV - news -
people ), in the midst of a tough marketplace, still has
thousands of qualified applicants beyond its need. Companies
that walk the talk attract the people they want.
More specifically, when looking for principled successors, don't
be afraid to put them to the test. Solid behavioral assessments,
interviews or simulations can gauge values--not just
achievements--helping character-centered leaders stick out from
more self-centered ones. Also, involve the company from top to
bottom. Surveys reveal that board members and employees are both
more stringent than CEOs when it comes to evaluating a
candidate's ethics. Use checks and balances to make sure you're
not viewing individual candidates with rose-tinted glasses.
Kevin Cashman is founder and CEO of LeaderSource, a global
leadership development, executive coaching and team
effectiveness consultancy headquartered in Minneapolis. He is
the author of four books on leadership and career development,
including the bestseller Leadership From the Inside Out (revised
edition due out soon).
Next up: Leadership and philanthropy ... How do these two worlds
conflict or connect? Submit questions or ideas to
consultcashman@leadersource.com.
http://www.forbes.com/leadership/2006/08/11/leadership-management-advice-cx_kc_0814cashman.html