{"id":836,"date":"2007-01-27T17:23:51","date_gmt":"2007-01-27T17:23:51","guid":{"rendered":"http:\/\/www.epicliving.com\/epic\/age_and_power\/"},"modified":"2007-01-27T17:23:51","modified_gmt":"2007-01-27T17:23:51","slug":"age_and_power","status":"publish","type":"post","link":"https:\/\/www.epicliving.com\/epic\/age_and_power\/","title":{"rendered":"Age and Power"},"content":{"rendered":"<p>David Widener&#8217;s piece from <a href=\"http:\/\/www.marketwatch.com\/news\/story\/prince-plane-maria-stock-price\/story.aspx?guid=%7B51F1D6F7-F18F-4FF0-BDC0-A8C18441E582%7D\">Market Watch Weekend<\/a> on Citigroup doesn&#8217;t say it all.&nbsp; Quite frankly, he glosses over the reason why Citi is struggling.&nbsp; Their culture is ripe for the problems it faces today.&nbsp; The story around Todd Thompson&#8217;s departure is ironic sense he was a key leader charting the future for the organization.&nbsp; Wow, do you really need a wood burning fireplace in your office?&nbsp; <\/p>\n<p>Certainly Mr. Thompson&#8217;s age and the power granted was the issue.&nbsp; If anybody new the importance of managing the P&amp;L it would have been him.&nbsp; Sadly, power has a way of corrupting our best intentions&#8230;even average intentions.<\/p>\n<p>So few executives no how to handle the power they&#8217;ve been given.&nbsp; Ask the majority of Fortune 500 companies how they prepare their top leaders for the power given and you&#8217;ll most likely get an awkward pause.&nbsp; It&#8217;s not that they don&#8217;t want leaders that handle power well, they just trample the issue on their way to the analyst conference call.&nbsp; <\/p>\n<p>Maybe Citigroup should invest in a development program that address &quot;power management.&quot;&nbsp; If they already have one, then maybe they need to evaluate how effective the program is&#8230;in delivering results.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>David Widener&#8217;s piece from Market Watch Weekend on Citigroup doesn&#8217;t say it all.&nbsp; Quite frankly, he glosses over the reason why Citi is struggling.&nbsp; Their culture is ripe for the problems it faces today.&nbsp; The story around Todd Thompson&#8217;s departure is ironic sense he was a key leader charting the future for the organization.&nbsp; Wow,&hellip;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-836","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.epicliving.com\/epic\/wp-json\/wp\/v2\/posts\/836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.epicliving.com\/epic\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.epicliving.com\/epic\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.epicliving.com\/epic\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.epicliving.com\/epic\/wp-json\/wp\/v2\/comments?post=836"}],"version-history":[{"count":0,"href":"https:\/\/www.epicliving.com\/epic\/wp-json\/wp\/v2\/posts\/836\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.epicliving.com\/epic\/wp-json\/wp\/v2\/media?parent=836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.epicliving.com\/epic\/wp-json\/wp\/v2\/categories?post=836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.epicliving.com\/epic\/wp-json\/wp\/v2\/tags?post=836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}