Triple Crown Leadership

Triple Crown Leadership

Category Archives: Stewards

The Triple Crown of Leadership

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  The sports world is abuzz with excitement. We may have our first Triple Crown winner since 1978, when Affirmed captured what has been called “the most elusive championship” in all of sports. California Chrome is poised to accomplish this incredible feat on June 7 if he can win at Belmont Park. This unlikely horse, bred in California for only $10,000 with a 77-year-old trainer, has won his last six races. Since 1875, only eleven thoroughbreds have won the Triple Crown, including such iconic names as War Admiral, Whirlaway, Citation, Seattle Slew, and of course, perhaps the best of them all, Secretariat. Pictured above, Secretariat won the final leg of the Triple Crown, the Belmont Stakes, in 1973 by a world-record 31 lengths in a time that has yet to   …Continue Reading


Bending the Focus of a Company

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Interview with Harvey Wagner Former CEO, Quovadx Leaders Speak Series Harvey A. Wagner was the turnaround CEO of Quovadx from 2004 through 2007. Quovadx was a $100 million, NASDAQ-traded software and services company with offices in the U.S. and Europe as well as some outsourced R&D in China. Customers were in the hospital and telecommunications markets as well as large financial institutions. The company was accused of accounting improprieties, went into a tailspin, and Wagner, ultimately, was asked by the board to turn it around. Quovadx merged with a subsidiary of Battery Ventures in 2007. Wagner is currently the managing principal of H.A. Wagner Group LLC, a strategic and business consulting firm. Previously, he served as a CFO or CEO of numerous firms, including Caregiver Services, Mirant Corporation, Optio Software, PaySys International,   …Continue Reading


The Biggest Barrier to Leadership

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Many people self-select out of leadership. They lean out. They view leadership as the province of others, the ones with confidence, or the answers, or charisma, or vision. Sound familiar? Many people don’t even consider leading, because they don’t think of themselves as leaders. And so it is that incredible potential is wasted due to a simple but powerful misconception: “I am not a leader.” But here’s the good news: We all have the capacity to lead. The way we’ve been thinking about leadership is all wrong. It turns out the biggest barrier to leadership is in our heads. “Leadership is your choice, not your title.” -Stephen R. Covey With all the problems around us, we all have a responsibility to lead at certain times—to step up and assume a   …Continue Reading


The Job of a Lifetime: Leading an Incredible Transformation

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Interview with Nancy Tuor Former Group President CH2M Hill Leaders Speak Series  CH2M HILL, founded in 1946, is a global provider of consulting, design, construction, and operations services for corporations and governments. Headquartered near Denver, the employee-owned company has revenue of over $6 billion and employs over 30,000 people worldwide. CH2M Hill manages large, complex projects around the world such as reconstruction efforts in the wake of Hurricane Katrina, relocation of American military bases in Korea, expansion of the Panama Canal, and projects for the London Olympics. In 2013, the firm was named by Fortune as one of the “100 Best Companies To Work For” for the sixth time and was named one of the “World’s Most Ethical Companies” by Ethisphere Institute for the fifth time. In 2005, leaders from CH2M Hill successfully closed the Rocky Flats   …Continue Reading


Value and Values

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Interview with Chip Baird Founder and Managing Director, North Castle Partners Leaders Speak Series North Castle Partners is a leading private equity firm headquartered in Greenwich, Connecticut, committed to creating extraordinary value for its companies, employees, investors, and communities.  Charles (Chip) Baird, Jr., North Castle’s Managing Director, founded the firm in 1997. From 1989 to 1997, Baird served as a Managing Director of AEA Investors LLC. From 1978 to 1989, Baird was Executive Vice President at Bain & Company, an international consulting firm. From 1975 to 1977, he worked at The First Boston Corporation. Chip received an A.B. from Harvard College and an M.B.A. from Harvard Business School. Here are excerpts of our interview with Chip Baird for Triple Crown Leadership: What is North Castle Partners’ approach to private equity? Baird: North   …Continue Reading


The Legacy of Leadership

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What will your leadership legacy be?  Some will argue that the only real leadership legacy is the results you achieve.  But are results all that matter? Too many leaders today get caught up in the game and pursue results at all costs, or look the other way when results are achieved illegally or unethically. How results are achieved matters greatly.  Others may argue that the leader’s vision is what counts most. Yes, vision is critical, but vision without execution is futile.  What about strategy? Yes, strategy is important too, but in today’s world, how many strategies survive more than just a few years before becoming obsolete?  A strong argument can be made that the legacy of leadership is the leadership team one leaves behind: the quality, character, and competencies of   …Continue Reading


How to Develop Other Leaders

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Great leadership is a group performance, with leaders developing loyal followers and unleashing other leaders. Everyone has the potential to lead well, and everyone will have to lead at some point–in the office, at home, or in their community. In this age of budget cuts, how can leaders develop other leaders?   Leadership is best learned through practice. Here are some ideas: • Rotate meeting leadership periodically among members of your team, with you supporting–and afterwards coaching–the meeting leader. (Must you be in control of every meeting?) • Assign people on your staff to represent your department at inter-departmental meetings, reporting back on activities. Seek feedback from peers at that meeting and then coach your colleague. (Must you be at every inter-departmental meeting?) • Pair people from different areas and   …Continue Reading


Values-Based Leadership with an Indomitable Will

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 Interview with Tom McCoy Former Executive Vice President, AMD Leaders Speak Series  Founded in 1969, Advanced Micro Devices, Inc. (NYSE: AMD), or AMD, is a Fortune 500, multinational, semiconductor company and the second largest global supplier of microprocessors behind Intel.  Thomas M. McCoy joined AMD in 1995 as general counsel and secretary, later also serving as the Chief Administrative Officer. When we interviewed him, he was the Executive Vice President of legal, corporate, and public affairs, which also included strategy. McCoy is now a partner in the global law firm of O’Melveny & Myers in Washington, D.C., where he chairs the Integrated Legal Strategies practice, counseling clients in high-profile and crisis management situations. He is a former member of the board of directors of the Markkula Center for Applied Ethics   …Continue Reading


Leadership Is a Group Performance

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Leadership a group performance? Ridiculous, you retort. Nevertheless, it’s true. Get over it. In this age of intense competition, information overload, and downsizing, no leader can do it alone. The amount of work coming into your Inbox is virtually infinite. The faster you turn it out, the faster new stuff roars in. So how do you cope? You recognize that the old leadership model of a leader developing followers and directing all their activities is obsolete. Of course leaders need followers, but they also need to unleash other leaders, even within the organizational hierarchy. The hierarchy is not going away, in spite of what some authors say about the lattice network and self-directed work teams. With rare exceptions, groups of people will always have a leader at the top. Sometimes   …Continue Reading


What Makes Mayo Clinic Great

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Interview with Drs. Leonard Berry and Kent Seltman Authors of Management Lessons from Mayo Clinic Leaders Speak Series Mayo Clinic, founded in 1864, is a global leader in health care delivery, research, and education. With its four main hospitals and additional affiliated hospitals and clinics, Mayo serves more than a million patients annually with revenue of over $8 billion. For over twenty years, Mayo hospitals have earned top rankings from U.S. News & World Report. The Clinic has placed on Fortune’s prestigious “100 Best Companies to Work For” list for the past nine years.  Drs. Leonard Berry and Kent Seltman wrote Management Lessons from Mayo Clinic: Inside One of the World’s Most Admired Service Organizations. Dr. Berry is Distinguished Professor of Marketing in the Mays Business School, at Texas A&M University. He   …Continue Reading


Transforming a University

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Interview with Dan Ritchie Former Chancellor, University of Denver Leaders Speak Series  Dan Ritchie was the Chancellor of the University of Denver (known locally as DU) from 1989 through mid-2005, a particularly challenging time. Prior to that post, Ritchie was an executive at MCA-Universal and then CEO of Westinghouse Broadcasting before taking up ranching in Colorado. Ritchie is currently the Chairman and CEO of the Denver Center for the Performing Arts and Chairman Emeritus of DU. In the 1980s, DU was in crisis, borrowing money to make payroll with over $60 million in deferred maintenance on buildings. Ritchie enlisted cable television pioneer Bill Daniels, a leading proponent of values-based leadership, for financial support. Daniels donated $11 million as a challenge grant, asking the business school to incorporate business ethics into its core   …Continue Reading


Leadership Myth: Leaders Are Rare

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Leaders are all around in families, schools, small businesses, nonprofits, fire stations, and town councils. Great leadership is indeed rare, but it is because many people disempower themselves, play the victim, or wait for some superhero to come to their rescue. Like the tramps in Beckett’s play, Godot never comes. It’s up to us, each of us, here and now, to follow at times, and to lead at opportune moments. Leaders are everywhere.  


Leadership Half-Truth: Leaders Have Authority

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Many leaders, indeed, have authority or position power. But leadership can be exercised by anyone in an organization, even those without authority. Gandhi had no position authority, nor did Nelson Mandela, Mother Teresa, Rosa Parks, or even Martin Luther King, Jr. In their careers, Bob and Gregg have seen great leadership from many colleagues. Anyone can lead.  


Leadership Half-Truth: Leaders Have Followers

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Yes, leaders have followers, but a more important dimension of great leadership is to unleash the leadership in others. In today’s complex world, no single leader can do it all, or has all the answers, even with loyal and committed followers. Leaders enlist followers and unleash other leaders.  


A Tireless Focus on Excellence

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Interview with Steven Rothstein President, Perkins School for the Blind Leaders Speak Series  Founded in 1829, Perkins School for the Blind operates in more than sixty countries with revenue of over $50 million. It offers free audio, Braille and large print books, and hundreds of newspapers by phone. The operations are complex, including a school, early intervention program, library, teacher training initiatives, publishing house, manufacturing division, technology division, and special services for the elderly. Marty Linsky, who teaches leadership at Harvard’s Kennedy School of Government, described Perkins and its President, Steven Rothstein, to us: “Rothstein took an organization that had barely left the 19th century and turned it into the signature organization in the world in services to the blind. He is in my managerial hall of fame. He has completely   …Continue Reading


Creating a Great Place to Work

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Interview with Mary Ann Tocio President and COO, Bright Horizons Family Solutions Leaders Speak Series Founded in 1986, Bright Horizons Family Solutions is a leading provider of employer-sponsored child care, early education, and work/life solutions. Conducting business in North America, Europe, and India, the privately held company has created employer-sponsored child care and early education programs for more than 850 clients, including more than 130 of the Fortune 500. Bright Horizons has consistently been the only child care organization named to the “100 Best Companies to Work for in America” list by FORTUNE magazine. Here are excerpts of our interview with Mary Ann Tocio, President and COO of Bright Horizons, for Triple Crown Leadership: Tell us about the company’s background and founding. Tocio: Bright Horizons was founded by Roger Brown and   …Continue Reading


Leading a World-Class Institution

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Interview with Dr. Shirley M. Tilghman President, Princeton University  Leaders Speak Series  Founded in 1746, Princeton University is consistently ranked as one of the finest institutions of higher education in the world. An honor-system school, the university’s informal motto is “Princeton in the Nation’s Service and in the Service of All Nations.” Distinguished alumni, students, and university leaders range from James Madison to Woodrow Wilson, F. Scott Fitzgerald, Eugene O’Neill, Jimmy Stewart, Jeff Bezos, Eric Schmidt, Meg Whitman, Ben Bernanke, Michelle Obama, and many others. Princeton is associated with 36 Nobel Laureates, 19 National Medal of Science winners, seven National Humanities Medal winners, and three current Supreme Court Associate Justices (Alito, Kagan, and Sotomayor). Dr. Shirley M. Tilghman, a Canadian-born molecular biologist, is the 19th president of Princeton, the first   …Continue Reading


It Takes Teamwork, Trust, & Values to Win

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Leadership insights from John Krol Former chairman and CEO, DuPont Leaders Speak Series E. I. du Pont de Nemours and Company, commonly referred to as DuPont, is one of the world’s largest chemical companies. It was founded in 1802, and its stock is a component of the Dow Jones Industrial Average. John Krol joined DuPont in 1963 as a chemist and rose through the ranks to be its chairman and CEO. He has been active on many corporate and nonprofit boards, including Tyco International (for which we interviewed him for Triple Crown Leadership). In that interview, Krol also shared insights on his leadership challenges at DuPont. Here are excerpts: Krol: Back in the 1980s, the world changed for DuPont because of globalization. We were very slow to move. DuPont was based   …Continue Reading


A Vision of Great Leadership

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Interview with Ursula Burns Chairman and CEO, Xerox Leaders Speak Series  Ursula M. Burns is chairman and CEO of Xerox. With sales approaching $23 billion, Xerox (NYSE: XRX) is the world’s leading enterprise for business process and document management.  Burns joined Xerox in 1980 as a mechanical engineering summer intern and then worked her way up to the top. Alongside then-CEO Anne Mulcahy, Burns worked to restructure Xerox through its turnaround.  Burns became CEO in 2009. Today, she leads the 140,000 people of Xerox who serve clients in more than 160 countries. Burns is also a board director of the American Express Corporation and provides leadership counsel to the National Academy Foundation, MIT, and the U.S. Olympic Committee. In 2010, U.S. President Barack Obama appointed Burns vice chair of the President’s Export   …Continue Reading


Why Tyco Threw Out Its Entire Board

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Interview with John Krol and Ed BreenTyco International Leaders Speak Series John Krol was elected to Tyco’s board in 2002 and served as lead director until 2008. He is the former chairman and CEO of DuPont. Edward Breen was chairman and CEO of Tyco from 2002 until September 2012, when the company separated into three public companies. Breen is currently non-executive chairman of the Tyco board. Prior to joining Tyco, Breen was president and COO of Motorola. Krol and Breen took over the leadership of Tyco International after its former CEO and CFO were jailed. The company, once a Wall Street darling, had fallen into an abyss. We interviewed them about their early leadership moves at Tyco for Triple Crown Leadership: What were the priorities when you arrived at Tyco?   …Continue Reading


Values and Culture Key to Success

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Interview with Tony Hsieh CEO of Zappos Leaders Speak Series  Tony Hsieh is CEO of online retailer Zappos and author of Delivering Happiness: A Path to Profits, Passion, and Purpose, a #1 New York Times best-seller. You can also find him on Twitter (@Zappos) and working with community leaders in Las Vegas to rejuvenate the city. Here are excerpts of our interview with him for Triple Crown Leadership. How would you describe the organization’s leadership approach? Hsieh: We have a strong belief that in order for employees to want to stay with the company long-term they need to be continually learning and developing both personally and professionally. We have a team here called the “pipeline team.” The vision for them is that almost everyone that we hire will be entry-level. We will   …Continue Reading


Leadership for Bold Social Impact

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Interview with Bill Shore Co-Founder and CEO, Share Our Strength Leaders Speak Series  Share Our Strength began in the basement of a row house on Capitol Hill in Washington, D.C. in 1984, in response to the famine then raging in Ethiopia. Brother and sister Bill Shore and Debbie Shore started the nonprofit organization with the belief that everyone has a strength to share in the global fight against hunger and poverty, and that in these shared strengths lie sustainable solutions. Today, the organization is dedicated to ending childhood hunger in the U.S. by ensuring all children get the healthy food they need every day. Here are edited excerpts of our interview with Bill Shore for Triple Crown Leadership. How would you describe the organization’s leadership approach? Bill Shore: We lead by inspiring   …Continue Reading


How to Build a Culture of Character

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  Culture is simply “how we do things here,” a set of beliefs and habits that influence how people behave. Culture forms over time and determines what happens when authorities are not present, setting the tone for the organization and the norms for acceptable behavior. Lou Gerstner, after his spectacular turnaround of IBM, wrote, “…culture isn’t just one aspect of the game—it is the game.”   Every organization has a culture, explicit or implicit. Explicit is better because it means the leaders understand the importance of culture and are paying attention to it. A healthy culture doesn’t guarantee success, but it provides the foundation for building an excellent, ethical, and enduring organization. We call this a culture of character. How can leaders build a culture of character? Here are four   …Continue Reading


Do What’s Right

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Interview with Four-Star General Jack Chain Former Commander-in-Chief, Strategic Air Command Leaders Speak Series The Strategic Air Command (SAC) was responsible for America’s land-based strategic bombers and nuclear, intercontinental ballistic missiles from 1946 to 1992. General Jack Chain was Commander-in-Chief of SAC from 1986 to 1991. Here are excerpts of our interview with him for Triple Crown Leadership, our roadmap for building an excellent, ethical, and enduring organization: What was your approach to leadership when you took command of SAC? Chain: The day after I was sworn in I invited all the officers and senior sergeants on the base in for a beer, told them who I was, my background, what I expected from them, and what they could expect from me. Then I went out to all 52 bases in   …Continue Reading


Translating Mission & Values into Results

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Interview with Bill George Harvard Business School Professor and  Former CEO, Medtronic Leaders Speak Series  Bill George was the COO, then CEO and Chairman, of Medtronic from 1989 through 2002, the years when annual revenue increased an average 18% and earnings increased 22%. A host of innovative products were introduced during this time, and the price-to-earnings ratio of Medtronic’s stock went from 11 to 45. But the Medtronic story goes beyond growth and earnings, demonstrating how to build an excellent, ethical, and enduring company. George is the author of Authentic Leadership, True North (co-authored with Peter Sims), Finding Your True North, and Seven Lessons for Leading in a Crisis. He currently teaches at the Harvard Business School. Here are edited excerpts of our interview with him for Triple Crown Leadership. How would you   …Continue Reading


Interview with Bob Hatcher, MidCountry Financial

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  “Building a Values-Based Company” Interview with Bob Hatcher President and CEO, MidCountry Financial Corporation Leaders Speak Series  MidCountry Financial Corporation is a financial services holding company. Over the past ten years, it has acquired several financial companies, some of them troubled, blending them into a new, values-based organization. We interviewed Bob Hatcher, its founder, president, and chairman. Please tell us about MidCountry Financial Corporation. Hatcher: We have about 315,000 customers and 1,200 team-members, operating in 19 states. We’re a group of community banks and finance companies, taking retail deposits and providing retail loans, mortgages, consumer loans, and small-business loans. Total assets are $1.4 billion. One of our operations, Pioneer Services, which provides financial services to the military, has been named twice as a “best place to work” small business. Our banks get rave   …Continue Reading


Lance Armstrong Still Racing from the Truth

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 Lance Armstrong was “gaming the system”–exploiting the rules for personal gain. This is so disappointing because Armstrong was one of the most celebrated athletes in the world, with seven consecutive Tour de France championships. Armstrong is also a celebrity cancer survivor and philanthropist. He established the influential Livestrong Foundation, with its popular yellow bracelets, “changing the way the world fights cancer.” The Foundation has raised over $500 million since inception. Good work, indeed. While allegations of blood doping dogged competitors, Armstrong adamantly denied wrongdoing. He proudly proclaimed he had passed hundreds of drug tests. Then everything changed. The U.S. Anti-Doping Agency published a 202-page report, detailing overwhelming evidence that Armstrong was doping and encouraging others to dope. Armstrong denies the report’s allegations, but Bill Strickland, editor-at-large of Bicycling magazine, noted   …Continue Reading


Interview with Kit Crawford, Clif Bar

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“Sustainable Leadership”Interview with Kit CrawfordCo-Owner and Co-CEO, Clif Bar & CompanyLeaders Speak Series Clif Bar & Company is a privately held, family- and employee- owned company, creating nutritious and organic food for people-on-the-go. It has achieved double-digit annual revenue growth and won a long list of employment, diversity, and sustainability awards, including making Inc.’s list of the fastest-growing companies in the U.S. and Forbes’ “breakaway brands,” in both cases for multiple years. We interviewed Kit Crawford, Co-Owner and Co-CEO with her husband, Gary Erickson, of Clif Bar & Company, about leadership at the company and its commitment to sustainability. Here are excerpts from our interview with Crawford. How would you describe Clif Bar’s leadership approach? Crawford: Our approach to leadership is about staying true to our values as a company   …Continue Reading


Interview with Dr. Andres Alonso

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“Turning Around a School System” Interview with Dr. Andres Alonso CEO, Baltimore City Public Schools Leaders Speak Series We interviewed Dr. Andres Alonso, CEO of Baltimore City Public Schools, about his approach to leadership and the unique challenges of running a complex and large school system with multiple challenges and constituencies. During his tenure, Baltimore City students have reached their highest outcomes in state exams, across all categories of students, and City Schools posted its best-ever dropout and graduation rates. Previously, Dr. Alonso was Deputy Chancellor and Chief of Staff for Teaching and Learning at the New York City Department of Education. Before that, he taught emotionally disturbed special education adolescents and English language learners in Newark. Here are excerpts of our interview with Dr. Alonso. What was the context   …Continue Reading


Interview with Dr. Dan Sweeney

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“Breakdowns and Trans-Generational Culture” Interview with Dr. Dan Sweeney, Director, Institute for Enterprise Ethics, University of Denver Leaders Speak Series   Why do so many organizations break down? In recent years, some major corporations have had breakdowns and made significant mis-steps (e.g., BP, Johnson & Johnson, and Toyota). We interviewed Dr. Dan Sweeney, Director of the Institute for Enterprise Ethics at the University of Denver, to get his insights into what happened. This is the first in a new series—the Leaders Speak Series—in which we interview leaders about pressing topics. BP made some bold pronouncements about sustainability and corporate responsibility but then ran into major problems with the infamous Gulf oil spill in 2010. What happened? Dr. Sweeney: There is often a wide divide between what is said in the   …Continue Reading