A couple of weeks ago I put up a post on Erin Callan at Lehman Brothers. The post, “Transparency Is Smart. Clearly” referenced how Ms. Callan at one of the most important investment banks in the world had adopted an unusually highly tranparent strategy for communicating internally and externally. This was a rare thing for CFOs. I praised her for it then and stand by it now. However, since then the market has spoken. Callan is out.
See Lehman Shuffles 2 Key Jobs in Bid to Restore Confidence from the Wall Street Journal of 13 June, 2008.
A word about the market. Although I liked her style, the broad markets in which Lehman competes, and the interal and external labor market in which Callan competed did not. Sometimes its not just about being right; its about being marketable. Even when that market, is the market for interal credibility and success.
Score this one: Human Markets as talent celebrator 0 : Labor market 1
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I liked the summary here: Score one for Human Markets. It’s so true, it’s about being marketable. Yikes for what’s going on a Lehman, btw.
June 18th, 2008
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