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![[(The Myth of the Natural: Practice, Passion and the Good News About Great Performance )] [Author: Geoff Colvin] [Mar-2010]](https://images-na.ssl-images-amazon.com/images/I/41BjU5-Re4L._SY300_.jpg)
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Blog postFew corporate meltdowns have been as swift and dramatic as General Electric’s over the past 18 months—but the problems started long before that.
It’s a bad day for a CEO when he announces he’s retiring and the stock goes up. That was Jeff Immelt’s day on June 12, 2017. The news of his departure was in one sense no surprise—some investors and analysts had been urging his ouster for years—but it was also a shock.
He’d been General Electric’s CEO for almost 16 years, and outsider -
Blog postFormer Secretary of State Rex Tillerson and President Donald Trump, who just fired him, were a terrible fit from day one. It’s pointless to seek a more profound truth here, as media boffins will insist on doing. The news doesn’t show that business leaders are unfit for government service, though it does illustrate the old observation that if they choose to serve, they’ll probably be miserable. The larger, worrying trend is that after Gary Cohn’s resignation as Trump’s chie
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Blog postGary Cohn’s abrupt resignation as President Trump’s chief economic adviser is no surprise, but the way it happened signals bad news for the administration. Here’s why: Trump needs his administration’s grown-ups more than they need him. Cohn, a former president of Goldman Sachs, is one of them, and he’s leaving because Trump spurned his passionately argued advice against imposing stiff tariffs on steel and aluminum. If this becomes a pattern, the other grown-ups will leave
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Blog postWhy would Athenahealth, the medical software firm run by effervescent founder Jonathan Bush, invite former General Electric chief Jeff Immelt to be its chairman just months after he left GE with its stock in free-fall? And why would Immelt sign on with a company too small to make the Fortune 1,000 and whose stock price is where it was over four years ago? In corporate matchmaking, as in the human kind, some pairings mystify. But each party has its reasons—and each party accepts some risks.
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Blog post
The Great General Electric Debacle of 2017 continued into 2018 as the company on Wednesday reported fourth-quarter earnings that fell short of analysts’ expectations. The dismal details: earnings per share of $0.27 net of special charges vs. a Wall Street estimate of $0.29; revenue of $31.4 billion vs. an estimate of $34 billion. This from a company once famed for never, ever missing Wall Street earnings estimates. GE was the worst performing stock in the Dow last year, and it has c -
Blog postEven if you love your employer and want to stay put, you may still be able to use today’s hot job market to increase your pay. Advice from employment experts:
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The post How to Ask for Your Next Big Raise appeared first on Geoff Colvin.
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Blog post
Headhunters, especially those at the most elite firms—Spencer Stuart, Heidrick & Struggles, Egon Zehnder, and Korn Ferry—may seem as mystical (and unapproachable) as they are often powerful. So how do you get their attention? That’s just what we asked them. Here, some smart advice.
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The post How to Get On a Headhunter’s Radar appeared first on Geoff Colvin.
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Blog post Time was when recruiters at Intuit, the software company that makes TurboTax and QuickBooks, could ask job candidates back for multiple interviews before making a decision. Not now. “We don’t have that time anymore,” says HR chief Sherry Whiteley. Competition for excellent candidates has become so brutal that “we’ve had to reinvent how we…
The post How to Profit From the Ultra-Tight Job Market Right Now appeared first on Geoff Colvin.
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Blog postAt the end of Procter & Gamble’s historic annual shareholders’ meeting in October, the climax of the biggest, most expensive proxy fight in corporate history, the two antagonists shook hands. “We’ll talk,” said CEO David Taylor, who thought he had won by a slim margin, though a careful count of paper ballots showed some five…
The post With Nelson Peltz on the Board, Will P&G Finally Break Up? appeared first on Geoff Colvin.
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Blog postWHAT YOU BELIEVE ABOUT PEAK PERFORMANCE IS LIKELY WRONG What separates great achievers from everyone else? The answer might surprise you.
GEOFF COLVIN from Fortune magazine wanted to get the answer to the question: where does great, world class performance come from? We’ve all seen brilliant performers at work, in sports, the arts, elsewhere. How did they come to be so . . . amazing? Is it the result of hard work? Is it inherited or natural skill? Is it something else?
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