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My apologies if you have received this twice. Cock up at HQ.Over a Zoom call earlier in the week, I heard some people discussing the “Russian Davos” which they had attended back in June. I didn't even know such a thing existed, such is my Western, Ptolemaic view of the world. (Ptolemaic, by the way, to save you having to look it up, means you think you are at the centre of the universe, and everything revolves around you).So the Russian Davos, or as it's properly known, the St Petersburg International Economic Forum, held in June, is an annual event that began in 1995 to signal the (then) new Russia. It would attract global political leaders, business titans, finance bigwigs and all the usual shizzle. The event went ahead this year, though, for obvious reasons, the VIP headcount was significantly down. Gone were the likes of (once) German chancellor Angela Merkel, ECB chief Christine Lagarde, Goldman Sachs' Lloyd Blankfein, Citi's Vikram Pandit and ExxonMobil's Rex Tillerson. Top billing went to presidents of Egypt (via video link), Kazakhstan, Armenia and other allied states.There were representatives from the likes of China, India, Iran, Serbia, Turkey, Venezuela, Egypt, Belarus, Central African Republic, Nicaragua and the United Arab Emirates. Quite a collection. Non-Western nations that have not imposed sanctions had greater prominence. The Western economy has been shaped by cheap commodity prices The official title of the forum was "New Opportunities in a New World", and the recurring theme was how to improve trade between non-Western powers in a US dollar controlled world of sanctions. "A new form of international cooperation: how will payments be made?" was the title of one such talk. Time and time again the conversation came back to a new, non-Western international currency.Which brings me to the second strand of thought that makes up today's piece: the latest contribution from Credit Suisse analyst, Zoltan Pozsar. Pozsar has long since argued that Bretton Woods III, a new world monetary order, is happening before our eyes and that new money systems east of Europe will be based around commodity-based currencies.In his latest, War and Industrial Policy, Pozsar, who I am fast becoming a fan of, argues that there were three forces that shaped the western economy before Covid - cheap immigrant labour, cheap Chinese goods and cheap gas. Such a trinity is no longer possible in a world in which international trust is fast evaporating. “The “cartoon” version goes like this: China got very rich making cheap stuff, and then wanted to build 5G networks globally and make cutting-edge chips with cutting-edge lithography machines, but the US said “no way”. As a result, Chimerica is going through a messy divorce. The two sides don't talk anymore.” Meanwhile, “Russia got very rich selling cheap gas to Europe, and Germany got very rich selling expensive stuff produced with cheap gas.” Those two sides aren't talking any more either. “Chimerica does not work anymore and Eurussia does not work either,” he says and now, in the divorce, it seems Russia and China are “getting it on”. Meanwhile, out west, QE and zero interest rate policies are no longer possible in a world without cheap Chinese and Russian exports. There is now a rush to regain control of key technologies, especially microchips, and key commodities, especially oil and gas (and soon in my opinion metals and grains). Pozsar adds straits to the key list - the Taiwan Strait, the Strait of Hormuz, and the Bosporus Strait.“I think that four themes (re-arm, re-shore, re-stock, and re-wire the electric grid) will be the defining aims of industrial policy over the next five years … the global order is at stake.”Inflation or not, high rates or not, there is a commodity-intensive demand shock coming that “could easily drive another commodity super-cycle.”So to the third strand. “The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked out,” Vladimir Putin said last month.In this regards we have former Kremlin adviser, now Minister in Charge of Integration and Macroeconomics of the Eurasia Economic Union (EAEU), and an influential economist, Sergey Glazyev. He is, according to some reports, supervising the adoption of a new money system for the EAEU and China. “The world's new monetary system, underpinned by a digital currency, will be backed by a basket of new foreign currencies and natural resources”. “A currency like this can be issued by a pool of currency reserves of BRICS countries, which all interested countries will be able to join. The weight of each currency in the basket could be proportional to the GDP of each country (based on purchasing power parity, for example), its share in international trade, as well as the population and territory size of participating countries. In addition, the basket could contain an index of prices of main exchange-traded commodities: gold and other precious metals, key industrial metals, hydrocarbons, grains, sugar, as well as water and other natural resources.”You can bet your bottom dollar that many of China and Eurasia's brightest minds are plotting such a system, but it's a lot easier said than done. Apart from anything else there is the issue of storing all these commodities. Not all of them keep. Others take up a lot of space. Which is why, in the past, gold alone has been used to back money. It keeps very well and you don't need a lot of space to store it. The bullish backdrop for commodity prices Russia and China both have lots of gold - we have long argued that China's gold reserves are ten times what they say they are. It would be a lot easier to use a gold-backed international currency. Or, well, gold. But governments everywhere, whether controlled by tyrants or technocrats, are always going to want to maintain the option to print, debase and manipulate, so gold alone is unlikely. But you never know. It works as an international money.Against this highly-bullish-for-commodities backdrop, we have a situation here in the west that looks like the dead cat bounce in stocks is now over, and the bear is again gnashing his teeth. That teeth gnashing has extended to commodities, be they metal, fuel or grain, and now, once again, there is a rush for the exit. The main priority is to preserve capital, not positions. The price action - certainly in metals, less so in oil and gas - has the hallmarks of a bear market, not a supercycle.I keep saying these markets are difficult. But they are. While there is a liquidity squeeze all bets are off. But at a certain point, to my eyes at least, it looks like commodity prices are going to rocket. If only I knew when.To hedge yourself and buy gold or silver, check out the Pure Gold Company.I will be performing my lecture with funny bits, How Heavy?, about the history of weights and measures at the Museum of Comedy in London on September 28 and 29. You can buy tickets here. Please come along. You will not be disappointed. It is a surprisingly interesting and entertaining subject.The Flying Frisby is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.This article first appeared at Moneyweek. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.theflyingfrisby.com/subscribe
My apologies if you have received this twice. Cock up at HQ.Over a Zoom call earlier in the week, I heard some people discussing the “Russian Davos” which they had attended back in June. I didn't even know such a thing existed, such is my Western, Ptolemaic view of the world. (Ptolemaic, by the way, to save you having to look it up, means you think you are at the centre of the universe, and everything revolves around you).So the Russian Davos, or as it's properly known, the St Petersburg International Economic Forum, held in June, is an annual event that began in 1995 to signal the (then) new Russia. It would attract global political leaders, business titans, finance bigwigs and all the usual shizzle. The event went ahead this year, though, for obvious reasons, the VIP headcount was significantly down. Gone were the likes of (once) German chancellor Angela Merkel, ECB chief Christine Lagarde, Goldman Sachs' Lloyd Blankfein, Citi's Vikram Pandit and ExxonMobil's Rex Tillerson. Top billing went to presidents of Egypt (via video link), Kazakhstan, Armenia and other allied states.There were representatives from the likes of China, India, Iran, Serbia, Turkey, Venezuela, Egypt, Belarus, Central African Republic, Nicaragua and the United Arab Emirates. Quite a collection. Non-Western nations that have not imposed sanctions had greater prominence. The Western economy has been shaped by cheap commodity prices The official title of the forum was "New Opportunities in a New World", and the recurring theme was how to improve trade between non-Western powers in a US dollar controlled world of sanctions. "A new form of international cooperation: how will payments be made?" was the title of one such talk. Time and time again the conversation came back to a new, non-Western international currency.Which brings me to the second strand of thought that makes up today's piece: the latest contribution from Credit Suisse analyst, Zoltan Pozsar. Pozsar has long since argued that Bretton Woods III, a new world monetary order, is happening before our eyes and that new money systems east of Europe will be based around commodity-based currencies.In his latest, War and Industrial Policy, Pozsar, who I am fast becoming a fan of, argues that there were three forces that shaped the western economy before Covid - cheap immigrant labour, cheap Chinese goods and cheap gas. Such a trinity is no longer possible in a world in which international trust is fast evaporating. “The “cartoon” version goes like this: China got very rich making cheap stuff, and then wanted to build 5G networks globally and make cutting-edge chips with cutting-edge lithography machines, but the US said “no way”. As a result, Chimerica is going through a messy divorce. The two sides don't talk anymore.” Meanwhile, “Russia got very rich selling cheap gas to Europe, and Germany got very rich selling expensive stuff produced with cheap gas.” Those two sides aren't talking any more either. “Chimerica does not work anymore and Eurussia does not work either,” he says and now, in the divorce, it seems Russia and China are “getting it on”. Meanwhile, out west, QE and zero interest rate policies are no longer possible in a world without cheap Chinese and Russian exports. There is now a rush to regain control of key technologies, especially microchips, and key commodities, especially oil and gas (and soon in my opinion metals and grains). Pozsar adds straits to the key list - the Taiwan Strait, the Strait of Hormuz, and the Bosporus Strait.“I think that four themes (re-arm, re-shore, re-stock, and re-wire the electric grid) will be the defining aims of industrial policy over the next five years … the global order is at stake.”Inflation or not, high rates or not, there is a commodity-intensive demand shock coming that “could easily drive another commodity super-cycle.”So to the third strand. “The issue of creating an international reserve currency based on a basket of currencies of our countries is being worked out,” Vladimir Putin said last month.In this regards we have former Kremlin adviser, now Minister in Charge of Integration and Macroeconomics of the Eurasia Economic Union (EAEU), and an influential economist, Sergey Glazyev. He is, according to some reports, supervising the adoption of a new money system for the EAEU and China. “The world's new monetary system, underpinned by a digital currency, will be backed by a basket of new foreign currencies and natural resources”. “A currency like this can be issued by a pool of currency reserves of BRICS countries, which all interested countries will be able to join. The weight of each currency in the basket could be proportional to the GDP of each country (based on purchasing power parity, for example), its share in international trade, as well as the population and territory size of participating countries. In addition, the basket could contain an index of prices of main exchange-traded commodities: gold and other precious metals, key industrial metals, hydrocarbons, grains, sugar, as well as water and other natural resources.”You can bet your bottom dollar that many of China and Eurasia's brightest minds are plotting such a system, but it's a lot easier said than done. Apart from anything else there is the issue of storing all these commodities. Not all of them keep. Others take up a lot of space. Which is why, in the past, gold alone has been used to back money. It keeps very well and you don't need a lot of space to store it. The bullish backdrop for commodity prices Russia and China both have lots of gold - we have long argued that China's gold reserves are ten times what they say they are. It would be a lot easier to use a gold-backed international currency. Or, well, gold. But governments everywhere, whether controlled by tyrants or technocrats, are always going to want to maintain the option to print, debase and manipulate, so gold alone is unlikely. But you never know. It works as an international money.Against this highly-bullish-for-commodities backdrop, we have a situation here in the west that looks like the dead cat bounce in stocks is now over, and the bear is again gnashing his teeth. That teeth gnashing has extended to commodities, be they metal, fuel or grain, and now, once again, there is a rush for the exit. The main priority is to preserve capital, not positions. The price action - certainly in metals, less so in oil and gas - has the hallmarks of a bear market, not a supercycle.I keep saying these markets are difficult. But they are. While there is a liquidity squeeze all bets are off. But at a certain point, to my eyes at least, it looks like commodity prices are going to rocket. If only I knew when.To hedge yourself and buy gold or silver, check out the Pure Gold Company.I will be performing my lecture with funny bits, How Heavy?, about the history of weights and measures at the Museum of Comedy in London on September 28 and 29. You can buy tickets here. Please come along. You will not be disappointed. It is a surprisingly interesting and entertaining subject.The Flying Frisby is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.This article first appeared at Moneyweek. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit frisby.substack.com/subscribe
Who loves glycolic acid? I know we do! It's amazing what this acid can do to improve many different issues such as hyperpigmentation, dull looking skin, and even surface dehydration lines! You've probably already heard that ingredients are not created equally, and in this episode we are diving deep into the making of a high quality Canadian glycolic acid from LaSpa Naturals. I had the great opportunity to have a chat with Vikram Pandit, CEO and co-founder of Phycus Biotechnologies Inc., and Susan Mey, CEO of LaSpa Naturals, to learn the background of how glycolic acid is usually made and what are the top things that make it higher quality. These are things you can only learn from the pros, so make sure you're ready to learn with this one! You can also read HERE this article that sums up well how LaSpa Naturals formulates its glycolic acid, if you'd like to learn more about the topic. Connection section: LaSpa Natural Instagram LaSpa Naturals website Phycus Biotechnologies Inc Thanks for your kind listening ears, always xo---------------Connect with Emilie : Instagram The Meta FairyInstagram – The Meta Esthétique Studio LTDFacebook Book a consultation with us HERE!Download our FREE guide: 10 tips for healthy skinOther ways to support:SUBSCRIBE: Apple Podcast, Spotify, Google Podcasts – leave us a 5 star review if you really love the content we post for you :)SHARE: PLEASE share our episodes with your friends and family
NUGGET CONTEXT RG speaks about the fact that CEOs are measured not just on the objective performance metrics that have been laid out but also on how they perform with respect to the expectations of the pecking order of stakeholders in the system. The challenge is that the former is often laid out clearly (if one is lucky) and the latter is a fuzzy truth that leaders need to discern with finesse. GUEST R Gopalakrishnan is a man of many identities. A Board Member, an author, an advisor, speaker and a teacher. Apart from having an illustrious career in Hindustan Lever and Tata Sons, he has been on several Boards over the last few decades. He has authored 12 books since 2007 (that is a run rate of about a book a year if you think about it). He spends his time on Boards, as a Mentor and as a Corporate Advisor, as a speaker and as a Teacher. He is an Executive in Residence at SP Jain and a Distinguished Professor at IIT Kharagpur. While there is a lot of wisdom to mine from him, we tried to anchor the bulk of the conversation around his book Crash where he profiled about 15 high profile CEO appointments that didn’t quite work out (that includes Vikram Pandit at Citigroup, Anshu Jain at Deutsche Bank, Carly Fiorina at HP, Vishal Sikka at Infosys and more. He looks at common patterns across some of these transitions and distils them in the book. We unpack some of that in this conversation.We first speak about Gopal’s journey and some of his thoughts around having a marathon of a career. Then we dive into some of the elements in the book Crash and we wrap up with a rapid fire Q&A where Gopal speaks about the leaders and books that have influenced him. Published in June 2020. HOST Deepak is a Leadership Advisor and an Executive Coach. He works with leaders to improve their effectiveness and in helping them make better decisions specifically around organizational and career transitions. He currently runs Transition Insight (www.transitioninsight.com) and works with leaders to handle phases of transition thoughtfully. He has worked as an Operations Consultant with KPMG in UK, Strategy Consultant with McKinsey in the US and as a Leadership Consultant with EgonZehnder (a Swiss Leadership Advisory firm) where he helped companies recruit CEOs, CXOs and Board Members and worked on Leadership Development. Deepak is a certified CEO Coach and is an alumnus of IIT Madras, IIM Ahmedabad and London Business School. His detailed profile can be found at https://in.linkedin.com/in/djayaraman OTHER GUESTS 1.Vijay Amritraj 2.Amish Tripathi 3.Raghu Raman 4.Papa CJ 5.Kartik Hosanagar 6.Ravi Venkatesan 7.Abhijit Bhaduri 8.Viren Rasquinha 9.Prakash Iyer 10.Avnish Bajaj 11.Nandan Nilekani 12.Atul Kasbekar 13.Karthik Reddy 14.Pramath Sinha 15.Vedika Bhandarkar 16.Vinita Bali 17.Zia Mody 18.Rama Bijapurkar 19.Dheeraj Pandey 20.Anu Madgavkar 21.Vishy Anand 22. Meher Pudumjee 23.KV Shridhar (Pops) 24.Suresh Naraynan 25.Devdutt Pattanaik 26.Jay Panda 27.Amit Chandra 28.Chandramouli Venkatesan 29.Roopa Kudva 30.Vinay Sitapati 31.Neera Nundy. 32.Deepa Malik 33.Bombay Jayashri. 34.Arun Maira 35.Ambi Parameswaran 36.OP Bhaat 37.Indranil Chakraborty 38.Tarun Khanna 39. Ramachandra Guha 40. Stewart Friedman 41. Rich Fernandez 42. Falguni Nayar 43. Rajat Gupta 44. Kartik Hosanagar 45. Michael Watkins 46. Matt Dixon 47. Herminia Ibarra 48. Paddy Upton 49. Tasha Eurich 50. Alan Eagle 51. Sudhir Sitapati 52. James Clear 53. Lynda Gratton 54. Jennifer Petriglieri. 55. Matthew Walker 56. Raj Raghunathan 57. Jennifer Garvey Berger 58. BJ Fogg DISCLAIMER All content and opinions expressed in the podcast are that of the guests and are not necessarily the opinions of Deepak Jayaraman and Transition Insight Private Limited. Views expressed in comments to blog are the personal opinions of the author of the comment. They do not necessarily reflect the views of The Company or the author of the blog. Participants are responsible for the content of their comments and all comments that are posted are in the public domain. The Company reserves the right to monitor, edit, and/or publish any submitted comments. Not all comments may be published. Any third-party comments published are third party information and The Company takes no responsibility and disclaims all liability. The Company reserves the right, but is not obligated to monitor and delete any comments or postings at any time without notice.
NUGGET CONTEXT RG speaks about how leaders coming in from one context can effectively adapt to a completely new context especially when they do not have a working knowledge of the new space. He underscores the importance of humility, open-ness to learning to build trust and come up the learning curve in the new environment. GUEST R Gopalakrishnan is a man of many identities. A Board Member, an author, an advisor, speaker and a teacher. Apart from having an illustrious career in Hindustan Lever and Tata Sons, he has been on several Boards over the last few decades. He has authored 12 books since 2007 (that is a run rate of about a book a year if you think about it). He spends his time on Boards, as a Mentor and as a Corporate Advisor, as a speaker and as a Teacher. He is an Executive in Residence at SP Jain and a Distinguished Professor at IIT Kharagpur. While there is a lot of wisdom to mine from him, we tried to anchor the bulk of the conversation around his book Crash where he profiled about 15 high profile CEO appointments that didn’t quite work out (that includes Vikram Pandit at Citigroup, Anshu Jain at Deutsche Bank, Carly Fiorina at HP, Vishal Sikka at Infosys and more. He looks at common patterns across some of these transitions and distils them in the book. We unpack some of that in this conversation.We first speak about Gopal’s journey and some of his thoughts around having a marathon of a career. Then we dive into some of the elements in the book Crash and we wrap up with a rapid fire Q&A where Gopal speaks about the leaders and books that have influenced him. Published in June 2020. HOST Deepak is a Leadership Advisor and an Executive Coach. He works with leaders to improve their effectiveness and in helping them make better decisions specifically around organizational and career transitions. He currently runs Transition Insight (www.transitioninsight.com) and works with leaders to handle phases of transition thoughtfully. He has worked as an Operations Consultant with KPMG in UK, Strategy Consultant with McKinsey in the US and as a Leadership Consultant with EgonZehnder (a Swiss Leadership Advisory firm) where he helped companies recruit CEOs, CXOs and Board Members and worked on Leadership Development. Deepak is a certified CEO Coach and is an alumnus of IIT Madras, IIM Ahmedabad and London Business School. His detailed profile can be found at https://in.linkedin.com/in/djayaraman OTHER GUESTS 1.Vijay Amritraj 2.Amish Tripathi 3.Raghu Raman 4.Papa CJ 5.Kartik Hosanagar 6.Ravi Venkatesan 7.Abhijit Bhaduri 8.Viren Rasquinha 9.Prakash Iyer 10.Avnish Bajaj 11.Nandan Nilekani 12.Atul Kasbekar 13.Karthik Reddy 14.Pramath Sinha 15.Vedika Bhandarkar 16.Vinita Bali 17.Zia Mody 18.Rama Bijapurkar 19.Dheeraj Pandey 20.Anu Madgavkar 21.Vishy Anand 22. Meher Pudumjee 23.KV Shridhar (Pops) 24.Suresh Naraynan 25.Devdutt Pattanaik 26.Jay Panda 27.Amit Chandra 28.Chandramouli Venkatesan 29.Roopa Kudva 30.Vinay Sitapati 31.Neera Nundy. 32.Deepa Malik 33.Bombay Jayashri. 34.Arun Maira 35.Ambi Parameswaran 36.OP Bhaat 37.Indranil Chakraborty 38.Tarun Khanna 39. Ramachandra Guha 40. Stewart Friedman 41. Rich Fernandez 42. Falguni Nayar 43. Rajat Gupta 44. Kartik Hosanagar 45. Michael Watkins 46. Matt Dixon 47. Herminia Ibarra 48. Paddy Upton 49. Tasha Eurich 50. Alan Eagle 51. Sudhir Sitapati 52. James Clear 53. Lynda Gratton 54. Jennifer Petriglieri. 55. Matthew Walker 56. Raj Raghunathan 57. Jennifer Garvey Berger 58. BJ Fogg DISCLAIMER All content and opinions expressed in the podcast are that of the guests and are not necessarily the opinions of Deepak Jayaraman and Transition Insight Private Limited. Views expressed in comments to blog are the personal opinions of the author of the comment. They do not necessarily reflect the views of The Company or the author of the blog. Participants are responsible for the content of their comments and all comments that are posted are in the public domain. The Company reserves the right to monitor, edit, and/or publish any submitted comments. Not all comments may be published. Any third-party comments published are third party information and The Company takes no responsibility and disclaims all liability. The Company reserves the right, but is not obligated to monitor and delete any comments or postings at any time without notice.
NUGGET CONTEXT RG speaks about the role of the leader bringing in adequate open-ness and a prototyping mindset to the way he or she sculpts his or her ideas. If he or she has the habit of “baking it too much” in his or her mind and then present to the others as a sales pitch it might be bad for business and for the leader’s trust quotient with the ecosystem around. GUEST R Gopalakrishnan is a man of many identities. A Board Member, an author, an advisor, speaker and a teacher. Apart from having an illustrious career in Hindustan Lever and Tata Sons, he has been on several Boards over the last few decades. He has authored 12 books since 2007 (that is a run rate of about a book a year if you think about it). He spends his time on Boards, as a Mentor and as a Corporate Advisor, as a speaker and as a Teacher. He is an Executive in Residence at SP Jain and a Distinguished Professor at IIT Kharagpur. While there is a lot of wisdom to mine from him, we tried to anchor the bulk of the conversation around his book Crash where he profiled about 15 high profile CEO appointments that didn’t quite work out (that includes Vikram Pandit at Citigroup, Anshu Jain at Deutsche Bank, Carly Fiorina at HP, Vishal Sikka at Infosys and more. He looks at common patterns across some of these transitions and distils them in the book. We unpack some of that in this conversation.We first speak about Gopal’s journey and some of his thoughts around having a marathon of a career. Then we dive into some of the elements in the book Crash and we wrap up with a rapid fire Q&A where Gopal speaks about the leaders and books that have influenced him. Published in June 2020. HOST Deepak is a Leadership Advisor and an Executive Coach. He works with leaders to improve their effectiveness and in helping them make better decisions specifically around organizational and career transitions. He currently runs Transition Insight (www.transitioninsight.com) and works with leaders to handle phases of transition thoughtfully. He has worked as an Operations Consultant with KPMG in UK, Strategy Consultant with McKinsey in the US and as a Leadership Consultant with EgonZehnder (a Swiss Leadership Advisory firm) where he helped companies recruit CEOs, CXOs and Board Members and worked on Leadership Development. Deepak is a certified CEO Coach and is an alumnus of IIT Madras, IIM Ahmedabad and London Business School. His detailed profile can be found at https://in.linkedin.com/in/djayaraman OTHER GUESTS 1.Vijay Amritraj 2.Amish Tripathi 3.Raghu Raman 4.Papa CJ 5.Kartik Hosanagar 6.Ravi Venkatesan 7.Abhijit Bhaduri 8.Viren Rasquinha 9.Prakash Iyer 10.Avnish Bajaj 11.Nandan Nilekani 12.Atul Kasbekar 13.Karthik Reddy 14.Pramath Sinha 15.Vedika Bhandarkar 16.Vinita Bali 17.Zia Mody 18.Rama Bijapurkar 19.Dheeraj Pandey 20.Anu Madgavkar 21.Vishy Anand 22. Meher Pudumjee 23.KV Shridhar (Pops) 24.Suresh Naraynan 25.Devdutt Pattanaik 26.Jay Panda 27.Amit Chandra 28.Chandramouli Venkatesan 29.Roopa Kudva 30.Vinay Sitapati 31.Neera Nundy. 32.Deepa Malik 33.Bombay Jayashri. 34.Arun Maira 35.Ambi Parameswaran 36.OP Bhaat 37.Indranil Chakraborty 38.Tarun Khanna 39. Ramachandra Guha 40. Stewart Friedman 41. Rich Fernandez 42. Falguni Nayar 43. Rajat Gupta 44. Kartik Hosanagar 45. Michael Watkins 46. Matt Dixon 47. Herminia Ibarra 48. Paddy Upton 49. Tasha Eurich 50. Alan Eagle 51. Sudhir Sitapati 52. James Clear 53. Lynda Gratton 54. Jennifer Petriglieri. 55. Matthew Walker 56. Raj Raghunathan 57. Jennifer Garvey Berger 58. BJ Fogg DISCLAIMER All content and opinions expressed in the podcast are that of the guests and are not necessarily the opinions of Deepak Jayaraman and Transition Insight Private Limited. Views expressed in comments to blog are the personal opinions of the author of the comment. They do not necessarily reflect the views of The Company or the author of the blog. Participants are responsible for the content of their comments and all comments that are posted are in the public domain. The Company reserves the right to monitor, edit, and/or publish any submitted comments. Not all comments may be published. Any third-party comments published are third party information and The Company takes no responsibility and disclaims all liability. The Company reserves the right, but is not obligated to monitor and delete any comments or postings at any time without notice.
NUGGET CONTEXT RG speaks about the criticality of seeking and absorbing the feedback from the people around you. He speaks about the role of a spouse who observes us in high resolution and says that they (or close friends or a trusted colleague or a board member) could act as a concave psychological mirror. He speaks about the story of Clementine Churchill ( wife of Winston Churchill ) whose “feedback letter” to her husband is kept in a museum in London. GUEST R Gopalakrishnan is a man of many identities. A Board Member, an author, an advisor, speaker and a teacher. Apart from having an illustrious career in Hindustan Lever and Tata Sons, he has been on several Boards over the last few decades. He has authored 12 books since 2007 (that is a run rate of about a book a year if you think about it). He spends his time on Boards, as a Mentor and as a Corporate Advisor, as a speaker and as a Teacher. He is an Executive in Residence at SP Jain and a Distinguished Professor at IIT Kharagpur. While there is a lot of wisdom to mine from him, we tried to anchor the bulk of the conversation around his book Crash where he profiled about 15 high profile CEO appointments that didn’t quite work out (that includes Vikram Pandit at Citigroup, Anshu Jain at Deutsche Bank, Carly Fiorina at HP, Vishal Sikka at Infosys and more. He looks at common patterns across some of these transitions and distils them in the book. We unpack some of that in this conversation.We first speak about Gopal’s journey and some of his thoughts around having a marathon of a career. Then we dive into some of the elements in the book Crash and we wrap up with a rapid fire Q&A where Gopal speaks about the leaders and books that have influenced him. Published in June 2020. HOST Deepak is a Leadership Advisor and an Executive Coach. He works with leaders to improve their effectiveness and in helping them make better decisions specifically around organizational and career transitions. He currently runs Transition Insight (www.transitioninsight.com) and works with leaders to handle phases of transition thoughtfully. He has worked as an Operations Consultant with KPMG in UK, Strategy Consultant with McKinsey in the US and as a Leadership Consultant with EgonZehnder (a Swiss Leadership Advisory firm) where he helped companies recruit CEOs, CXOs and Board Members and worked on Leadership Development. Deepak is a certified CEO Coach and is an alumnus of IIT Madras, IIM Ahmedabad and London Business School. His detailed profile can be found at https://in.linkedin.com/in/djayaraman OTHER GUESTS 1.Vijay Amritraj 2.Amish Tripathi 3.Raghu Raman 4.Papa CJ 5.Kartik Hosanagar 6.Ravi Venkatesan 7.Abhijit Bhaduri 8.Viren Rasquinha 9.Prakash Iyer 10.Avnish Bajaj 11.Nandan Nilekani 12.Atul Kasbekar 13.Karthik Reddy 14.Pramath Sinha 15.Vedika Bhandarkar 16.Vinita Bali 17.Zia Mody 18.Rama Bijapurkar 19.Dheeraj Pandey 20.Anu Madgavkar 21.Vishy Anand 22. Meher Pudumjee 23.KV Shridhar (Pops) 24.Suresh Naraynan 25.Devdutt Pattanaik 26.Jay Panda 27.Amit Chandra 28.Chandramouli Venkatesan 29.Roopa Kudva 30.Vinay Sitapati 31.Neera Nundy. 32.Deepa Malik 33.Bombay Jayashri. 34.Arun Maira 35.Ambi Parameswaran 36.OP Bhaat 37.Indranil Chakraborty 38.Tarun Khanna 39. Ramachandra Guha 40. Stewart Friedman 41. Rich Fernandez 42. Falguni Nayar 43. Rajat Gupta 44. Kartik Hosanagar 45. Michael Watkins 46. Matt Dixon 47. Herminia Ibarra 48. Paddy Upton 49. Tasha Eurich 50. Alan Eagle 51. Sudhir Sitapati 52. James Clear 53. Lynda Gratton 54. Jennifer Petriglieri. 55. Matthew Walker 56. Raj Raghunathan 57. Jennifer Garvey Berger 58. BJ Fogg DISCLAIMER All content and opinions expressed in the podcast are that of the guests and are not necessarily the opinions of Deepak Jayaraman and Transition Insight Private Limited. Views expressed in comments to blog are the personal opinions of the author of the comment. They do not necessarily reflect the views of The Company or the author of the blog. Participants are responsible for the content of their comments and all comments that are posted are in the public domain. The Company reserves the right to monitor, edit, and/or publish any submitted comments. Not all comments may be published. Any third-party comments published are third party information and The Company takes no responsibility and disclaims all liability. The Company reserves the right, but is not obligated to monitor and delete any comments or postings at any time without notice.
NUGGET CONTEXT RG speaks about the criticality having a healthy friendly relationship with the Board. He speaks about the narrative that CEOs often have around Board members being another “layer to manage”. He suggests that if we instead treat them as founts of wisdom and as mentors, there is a lot of value that CEOs can unlock from the Board members. GUEST R Gopalakrishnan is a man of many identities. A Board Member, an author, an advisor, speaker and a teacher. Apart from having an illustrious career in Hindustan Lever and Tata Sons, he has been on several Boards over the last few decades. He has authored 12 books since 2007 (that is a run rate of about a book a year if you think about it). He spends his time on Boards, as a Mentor and as a Corporate Advisor, as a speaker and as a Teacher. He is an Executive in Residence at SP Jain and a Distinguished Professor at IIT Kharagpur. While there is a lot of wisdom to mine from him, we tried to anchor the bulk of the conversation around his book Crash where he profiled about 15 high profile CEO appointments that didn’t quite work out (that includes Vikram Pandit at Citigroup, Anshu Jain at Deutsche Bank, Carly Fiorina at HP, Vishal Sikka at Infosys and more. He looks at common patterns across some of these transitions and distils them in the book. We unpack some of that in this conversation.We first speak about Gopal’s journey and some of his thoughts around having a marathon of a career. Then we dive into some of the elements in the book Crash and we wrap up with a rapid fire Q&A where Gopal speaks about the leaders and books that have influenced him. Published in June 2020. HOST Deepak is a Leadership Advisor and an Executive Coach. He works with leaders to improve their effectiveness and in helping them make better decisions specifically around organizational and career transitions. He currently runs Transition Insight (www.transitioninsight.com) and works with leaders to handle phases of transition thoughtfully. He has worked as an Operations Consultant with KPMG in UK, Strategy Consultant with McKinsey in the US and as a Leadership Consultant with EgonZehnder (a Swiss Leadership Advisory firm) where he helped companies recruit CEOs, CXOs and Board Members and worked on Leadership Development. Deepak is a certified CEO Coach and is an alumnus of IIT Madras, IIM Ahmedabad and London Business School. His detailed profile can be found at https://in.linkedin.com/in/djayaraman OTHER GUESTS 1.Vijay Amritraj 2.Amish Tripathi 3.Raghu Raman 4.Papa CJ 5.Kartik Hosanagar 6.Ravi Venkatesan 7.Abhijit Bhaduri 8.Viren Rasquinha 9.Prakash Iyer 10.Avnish Bajaj 11.Nandan Nilekani 12.Atul Kasbekar 13.Karthik Reddy 14.Pramath Sinha 15.Vedika Bhandarkar 16.Vinita Bali 17.Zia Mody 18.Rama Bijapurkar 19.Dheeraj Pandey 20.Anu Madgavkar 21.Vishy Anand 22. Meher Pudumjee 23.KV Shridhar (Pops) 24.Suresh Naraynan 25.Devdutt Pattanaik 26.Jay Panda 27.Amit Chandra 28.Chandramouli Venkatesan 29.Roopa Kudva 30.Vinay Sitapati 31.Neera Nundy. 32.Deepa Malik 33.Bombay Jayashri. 34.Arun Maira 35.Ambi Parameswaran 36.OP Bhaat 37.Indranil Chakraborty 38.Tarun Khanna 39. Ramachandra Guha 40. Stewart Friedman 41. Rich Fernandez 42. Falguni Nayar 43. Rajat Gupta 44. Kartik Hosanagar 45. Michael Watkins 46. Matt Dixon 47. Herminia Ibarra 48. Paddy Upton 49. Tasha Eurich 50. Alan Eagle 51. Sudhir Sitapati 52. James Clear 53. Lynda Gratton 54. Jennifer Petriglieri. 55. Matthew Walker 56. Raj Raghunathan 57. Jennifer Garvey Berger 58. BJ Fogg DISCLAIMER All content and opinions expressed in the podcast are that of the guests and are not necessarily the opinions of Deepak Jayaraman and Transition Insight Private Limited. Views expressed in comments to blog are the personal opinions of the author of the comment. They do not necessarily reflect the views of The Company or the author of the blog. Participants are responsible for the content of their comments and all comments that are posted are in the public domain. The Company reserves the right to monitor, edit, and/or publish any submitted comments. Not all comments may be published. Any third-party comments published are third party information and The Company takes no responsibility and disclaims all liability. The Company reserves the right, but is not obligated to monitor and delete any comments or postings at any time without notice.
NUGGET CONTEXT Gopal speaks about the criticality of focusing on not just efficiency (linearly moving from point A to point B) but effectiveness (moving according to the lay of the land much like how water comes down a mountain). He shares some metaphors and discusses how sometimes CEOs might end up gravitiating towards efficiency while the Board might be seeking effectiveness. GUEST R Gopalakrishnan is a man of many identities. A Board Member, an author, an advisor, speaker and a teacher. Apart from having an illustrious career in Hindustan Lever and Tata Sons, he has been on several Boards over the last few decades. He has authored 12 books since 2007 (that is a run rate of about a book a year if you think about it). He spends his time on Boards, as a Mentor and as a Corporate Advisor, as a speaker and as a Teacher. He is an Executive in Residence at SP Jain and a Distinguished Professor at IIT Kharagpur. While there is a lot of wisdom to mine from him, we tried to anchor the bulk of the conversation around his book Crash where he profiled about 15 high profile CEO appointments that didn’t quite work out (that includes Vikram Pandit at Citigroup, Anshu Jain at Deutsche Bank, Carly Fiorina at HP, Vishal Sikka at Infosys and more. He looks at common patterns across some of these transitions and distils them in the book. We unpack some of that in this conversation.We first speak about Gopal’s journey and some of his thoughts around having a marathon of a career. Then we dive into some of the elements in the book Crash and we wrap up with a rapid fire Q&A where Gopal speaks about the leaders and books that have influenced him. Published in June 2020. HOST Deepak is a Leadership Advisor and an Executive Coach. He works with leaders to improve their effectiveness and in helping them make better decisions specifically around organizational and career transitions. He currently runs Transition Insight (www.transitioninsight.com) and works with leaders to handle phases of transition thoughtfully. He has worked as an Operations Consultant with KPMG in UK, Strategy Consultant with McKinsey in the US and as a Leadership Consultant with EgonZehnder (a Swiss Leadership Advisory firm) where he helped companies recruit CEOs, CXOs and Board Members and worked on Leadership Development. Deepak is a certified CEO Coach and is an alumnus of IIT Madras, IIM Ahmedabad and London Business School. His detailed profile can be found at https://in.linkedin.com/in/djayaraman OTHER GUESTS 1.Vijay Amritraj 2.Amish Tripathi 3.Raghu Raman 4.Papa CJ 5.Kartik Hosanagar 6.Ravi Venkatesan 7.Abhijit Bhaduri 8.Viren Rasquinha 9.Prakash Iyer 10.Avnish Bajaj 11.Nandan Nilekani 12.Atul Kasbekar 13.Karthik Reddy 14.Pramath Sinha 15.Vedika Bhandarkar 16.Vinita Bali 17.Zia Mody 18.Rama Bijapurkar 19.Dheeraj Pandey 20.Anu Madgavkar 21.Vishy Anand 22. Meher Pudumjee 23.KV Shridhar (Pops) 24.Suresh Naraynan 25.Devdutt Pattanaik 26.Jay Panda 27.Amit Chandra 28.Chandramouli Venkatesan 29.Roopa Kudva 30.Vinay Sitapati 31.Neera Nundy. 32.Deepa Malik 33.Bombay Jayashri. 34.Arun Maira 35.Ambi Parameswaran 36.OP Bhaat 37.Indranil Chakraborty 38.Tarun Khanna 39. Ramachandra Guha 40. Stewart Friedman 41. Rich Fernandez 42. Falguni Nayar 43. Rajat Gupta 44. Kartik Hosanagar 45. Michael Watkins 46. Matt Dixon 47. Herminia Ibarra 48. Paddy Upton 49. Tasha Eurich 50. Alan Eagle 51. Sudhir Sitapati 52. James Clear 53. Lynda Gratton 54. Jennifer Petriglieri. 55. Matthew Walker 56. Raj Raghunathan 57. Jennifer Garvey Berger 58. BJ Fogg DISCLAIMER All content and opinions expressed in the podcast are that of the guests and are not necessarily the opinions of Deepak Jayaraman and Transition Insight Private Limited. Views expressed in comments to blog are the personal opinions of the author of the comment. They do not necessarily reflect the views of The Company or the author of the blog. Participants are responsible for the content of their comments and all comments that are posted are in the public domain. The Company reserves the right to monitor, edit, and/or publish any submitted comments. Not all comments may be published. Any third-party comments published are third party information and The Company takes no responsibility and disclaims all liability. The Company reserves the right, but is not obligated to monitor and delete any comments or postings at any time without notice.
NUGGET CONTEXT RG speaks about how transitioning from one context to another is a bit like moving from driving a race car to rock climbing. You need to feel the surface before you transfer your weight and move forward. He speaks about the criticality of adopting (not appointing) mentors around you. These informal mentors often act as a feedback loop for the leader to course correct ensuring that hairline cracks becoming fractures. GUEST R Gopalakrishnan is a man of many identities. A Board Member, an author, an advisor, speaker and a teacher. Apart from having an illustrious career in Hindustan Lever and Tata Sons, he has been on several Boards over the last few decades. He has authored 12 books since 2007 (that is a run rate of about a book a year if you think about it). He spends his time on Boards, as a Mentor and as a Corporate Advisor, as a speaker and as a Teacher. He is an Executive in Residence at SP Jain and a Distinguished Professor at IIT Kharagpur. While there is a lot of wisdom to mine from him, we tried to anchor the bulk of the conversation around his book Crash where he profiled about 15 high profile CEO appointments that didn’t quite work out (that includes Vikram Pandit at Citigroup, Anshu Jain at Deutsche Bank, Carly Fiorina at HP, Vishal Sikka at Infosys and more. He looks at common patterns across some of these transitions and distils them in the book. We unpack some of that in this conversation.We first speak about Gopal’s journey and some of his thoughts around having a marathon of a career. Then we dive into some of the elements in the book Crash and we wrap up with a rapid fire Q&A where Gopal speaks about the leaders and books that have influenced him. Published in June 2020. HOST Deepak is a Leadership Advisor and an Executive Coach. He works with leaders to improve their effectiveness and in helping them make better decisions specifically around organizational and career transitions. He currently runs Transition Insight (www.transitioninsight.com) and works with leaders to handle phases of transition thoughtfully. He has worked as an Operations Consultant with KPMG in UK, Strategy Consultant with McKinsey in the US and as a Leadership Consultant with EgonZehnder (a Swiss Leadership Advisory firm) where he helped companies recruit CEOs, CXOs and Board Members and worked on Leadership Development. Deepak is a certified CEO Coach and is an alumnus of IIT Madras, IIM Ahmedabad and London Business School. His detailed profile can be found at https://in.linkedin.com/in/djayaraman OTHER GUESTS 1.Vijay Amritraj 2.Amish Tripathi 3.Raghu Raman 4.Papa CJ 5.Kartik Hosanagar 6.Ravi Venkatesan 7.Abhijit Bhaduri 8.Viren Rasquinha 9.Prakash Iyer 10.Avnish Bajaj 11.Nandan Nilekani 12.Atul Kasbekar 13.Karthik Reddy 14.Pramath Sinha 15.Vedika Bhandarkar 16.Vinita Bali 17.Zia Mody 18.Rama Bijapurkar 19.Dheeraj Pandey 20.Anu Madgavkar 21.Vishy Anand 22. Meher Pudumjee 23.KV Shridhar (Pops) 24.Suresh Naraynan 25.Devdutt Pattanaik 26.Jay Panda 27.Amit Chandra 28.Chandramouli Venkatesan 29.Roopa Kudva 30.Vinay Sitapati 31.Neera Nundy. 32.Deepa Malik 33.Bombay Jayashri. 34.Arun Maira 35.Ambi Parameswaran 36.OP Bhaat 37.Indranil Chakraborty 38.Tarun Khanna 39. Ramachandra Guha 40. Stewart Friedman 41. Rich Fernandez 42. Falguni Nayar 43. Rajat Gupta 44. Kartik Hosanagar 45. Michael Watkins 46. Matt Dixon 47. Herminia Ibarra 48. Paddy Upton 49. Tasha Eurich 50. Alan Eagle 51. Sudhir Sitapati 52. James Clear 53. Lynda Gratton 54. Jennifer Petriglieri. 55. Matthew Walker 56. Raj Raghunathan 57. Jennifer Garvey Berger 58. BJ Fogg DISCLAIMER All content and opinions expressed in the podcast are that of the guests and are not necessarily the opinions of Deepak Jayaraman and Transition Insight Private Limited. Views expressed in comments to blog are the personal opinions of the author of the comment. They do not necessarily reflect the views of The Company or the author of the blog. Participants are responsible for the content of their comments and all comments that are posted are in the public domain. The Company reserves the right to monitor, edit, and/or publish any submitted comments. Not all comments may be published. Any third-party comments published are third party information and The Company takes no responsibility and disclaims all liability. The Company reserves the right, but is not obligated to monitor and delete any comments or postings at any time without notice.
NUGGET CONTEXT RG speaks about his experiences from having made around 200 odd CEO appointments in his years as a mentor and as a Board Member. He goes onto say that his hit-rate might only be around 50-60% over the years. He shares some principles around how we can build robustness in hiring decisions and how we can think about experience, competency and potential as we evaluate different types of candidates. GUEST R Gopalakrishnan is a man of many identities. A Board Member, an author, an advisor, speaker and a teacher. Apart from having an illustrious career in Hindustan Lever and Tata Sons, he has been on several Boards over the last few decades. He has authored 12 books since 2007 (that is a run rate of about a book a year if you think about it). He spends his time on Boards, as a Mentor and as a Corporate Advisor, as a speaker and as a Teacher. He is an Executive in Residence at SP Jain and a Distinguished Professor at IIT Kharagpur. While there is a lot of wisdom to mine from him, we tried to anchor the bulk of the conversation around his book Crash where he profiled about 15 high profile CEO appointments that didn’t quite work out (that includes Vikram Pandit at Citigroup, Anshu Jain at Deutsche Bank, Carly Fiorina at HP, Vishal Sikka at Infosys and more. He looks at common patterns across some of these transitions and distils them in the book. We unpack some of that in this conversation.We first speak about Gopal’s journey and some of his thoughts around having a marathon of a career. Then we dive into some of the elements in the book Crash and we wrap up with a rapid fire Q&A where Gopal speaks about the leaders and books that have influenced him. Published in June 2020. HOST Deepak is a Leadership Advisor and an Executive Coach. He works with leaders to improve their effectiveness and in helping them make better decisions specifically around organizational and career transitions. He currently runs Transition Insight (www.transitioninsight.com) and works with leaders to handle phases of transition thoughtfully. He has worked as an Operations Consultant with KPMG in UK, Strategy Consultant with McKinsey in the US and as a Leadership Consultant with EgonZehnder (a Swiss Leadership Advisory firm) where he helped companies recruit CEOs, CXOs and Board Members and worked on Leadership Development. Deepak is a certified CEO Coach and is an alumnus of IIT Madras, IIM Ahmedabad and London Business School. His detailed profile can be found at https://in.linkedin.com/in/djayaraman OTHER GUESTS 1.Vijay Amritraj 2.Amish Tripathi 3.Raghu Raman 4.Papa CJ 5.Kartik Hosanagar 6.Ravi Venkatesan 7.Abhijit Bhaduri 8.Viren Rasquinha 9.Prakash Iyer 10.Avnish Bajaj 11.Nandan Nilekani 12.Atul Kasbekar 13.Karthik Reddy 14.Pramath Sinha 15.Vedika Bhandarkar 16.Vinita Bali 17.Zia Mody 18.Rama Bijapurkar 19.Dheeraj Pandey 20.Anu Madgavkar 21.Vishy Anand 22. Meher Pudumjee 23.KV Shridhar (Pops) 24.Suresh Naraynan 25.Devdutt Pattanaik 26.Jay Panda 27.Amit Chandra 28.Chandramouli Venkatesan 29.Roopa Kudva 30.Vinay Sitapati 31.Neera Nundy. 32.Deepa Malik 33.Bombay Jayashri. 34.Arun Maira 35.Ambi Parameswaran 36.OP Bhaat 37.Indranil Chakraborty 38.Tarun Khanna 39. Ramachandra Guha 40. Stewart Friedman 41. Rich Fernandez 42. Falguni Nayar 43. Rajat Gupta 44. Kartik Hosanagar 45. Michael Watkins 46. Matt Dixon 47. Herminia Ibarra 48. Paddy Upton 49. Tasha Eurich 50. Alan Eagle 51. Sudhir Sitapati 52. James Clear 53. Lynda Gratton 54. Jennifer Petriglieri. 55. Matthew Walker 56. Raj Raghunathan 57. Jennifer Garvey Berger 58. BJ Fogg DISCLAIMER All content and opinions expressed in the podcast are that of the guests and are not necessarily the opinions of Deepak Jayaraman and Transition Insight Private Limited. Views expressed in comments to blog are the personal opinions of the author of the comment. They do not necessarily reflect the views of The Company or the author of the blog. Participants are responsible for the content of their comments and all comments that are posted are in the public domain. The Company reserves the right to monitor, edit, and/or publish any submitted comments. Not all comments may be published. Any third-party comments published are third party information and The Company takes no responsibility and disclaims all liability. The Company reserves the right, but is not obligated to monitor and delete any comments or postings at any time without notice.
NUGGET CONTEXT RG speaks about how he has thought about his career like a marathoner. He speaks about all of us having to refire rather than retire. He uses the metaphor of Lego to state that each one of us like a Lego piece with its unique characteristics and we are looking for a hole in the sky where we could fit in. And he suggests that we keep looking (as Steve Jobs would say) till find a snug fit and we find ourselves in flow. GUEST R Gopalakrishnan is a man of many identities. A Board Member, an author, an advisor, speaker and a teacher. Apart from having an illustrious career in Hindustan Lever and Tata Sons, he has been on several Boards over the last few decades. He has authored 12 books since 2007 (that is a run rate of about a book a year if you think about it). He spends his time on Boards, as a Mentor and as a Corporate Advisor, as a speaker and as a Teacher. He is an Executive in Residence at SP Jain and a Distinguished Professor at IIT Kharagpur. While there is a lot of wisdom to mine from him, we tried to anchor the bulk of the conversation around his book Crash where he profiled about 15 high profile CEO appointments that didn’t quite work out (that includes Vikram Pandit at Citigroup, Anshu Jain at Deutsche Bank, Carly Fiorina at HP, Vishal Sikka at Infosys and more. He looks at common patterns across some of these transitions and distils them in the book. We unpack some of that in this conversation.We first speak about Gopal’s journey and some of his thoughts around having a marathon of a career. Then we dive into some of the elements in the book Crash and we wrap up with a rapid fire Q&A where Gopal speaks about the leaders and books that have influenced him. Published in June 2020. HOST Deepak is a Leadership Advisor and an Executive Coach. He works with leaders to improve their effectiveness and in helping them make better decisions specifically around organizational and career transitions. He currently runs Transition Insight (www.transitioninsight.com) and works with leaders to handle phases of transition thoughtfully. He has worked as an Operations Consultant with KPMG in UK, Strategy Consultant with McKinsey in the US and as a Leadership Consultant with EgonZehnder (a Swiss Leadership Advisory firm) where he helped companies recruit CEOs, CXOs and Board Members and worked on Leadership Development. Deepak is a certified CEO Coach and is an alumnus of IIT Madras, IIM Ahmedabad and London Business School. His detailed profile can be found at https://in.linkedin.com/in/djayaraman OTHER GUESTS 1.Vijay Amritraj 2.Amish Tripathi 3.Raghu Raman 4.Papa CJ 5.Kartik Hosanagar 6.Ravi Venkatesan 7.Abhijit Bhaduri 8.Viren Rasquinha 9.Prakash Iyer 10.Avnish Bajaj 11.Nandan Nilekani 12.Atul Kasbekar 13.Karthik Reddy 14.Pramath Sinha 15.Vedika Bhandarkar 16.Vinita Bali 17.Zia Mody 18.Rama Bijapurkar 19.Dheeraj Pandey 20.Anu Madgavkar 21.Vishy Anand 22. Meher Pudumjee 23.KV Shridhar (Pops) 24.Suresh Naraynan 25.Devdutt Pattanaik 26.Jay Panda 27.Amit Chandra 28.Chandramouli Venkatesan 29.Roopa Kudva 30.Vinay Sitapati 31.Neera Nundy. 32.Deepa Malik 33.Bombay Jayashri. 34.Arun Maira 35.Ambi Parameswaran 36.OP Bhaat 37.Indranil Chakraborty 38.Tarun Khanna 39. Ramachandra Guha 40. Stewart Friedman 41. Rich Fernandez 42. Falguni Nayar 43. Rajat Gupta 44. Kartik Hosanagar 45. Michael Watkins 46. Matt Dixon 47. Herminia Ibarra 48. Paddy Upton 49. Tasha Eurich 50. Alan Eagle 51. Sudhir Sitapati 52. James Clear 53. Lynda Gratton 54. Jennifer Petriglieri. 55. Matthew Walker 56. Raj Raghunathan 57. Jennifer Garvey Berger 58. BJ Fogg DISCLAIMER All content and opinions expressed in the podcast are that of the guests and are not necessarily the opinions of Deepak Jayaraman and Transition Insight Private Limited. Views expressed in comments to blog are the personal opinions of the author of the comment. They do not necessarily reflect the views of The Company or the author of the blog. Participants are responsible for the content of their comments and all comments that are posted are in the public domain. The Company reserves the right to monitor, edit, and/or publish any submitted comments. Not all comments may be published. Any third-party comments published are third party information and The Company takes no responsibility and disclaims all liability. The Company reserves the right, but is not obligated to monitor and delete any comments or postings at any time without notice.
GUEST R Gopalakrishnan is a man of many identities. A Board Member, an author, an advisor, speaker and a teacher. Apart from having an illustrious career in Hindustan Lever and Tata Sons, he has been on several Boards over the last few decades. He has authored 12 books since 2007 (that is a run rate of about a book a year if you think about it). He spends his time on Boards, as a Mentor and as a Corporate Advisor, as a speaker and as a Teacher. He is an Executive in Residence at SP Jain and a Distinguished Professor at IIT Kharagpur. While there is a lot of wisdom to mine from him, we tried to anchor the bulk of the conversation around his book Crash where he profiled about 15 high profile CEO appointments that didn’t quite work out (that includes Vikram Pandit at Citigroup, Anshu Jain at Deutsche Bank, Carly Fiorina at HP, Vishal Sikka at Infosys and more. He looks at common patterns across some of these transitions and distils them in the book. We unpack some of that in this conversation.We first speak about Gopal’s journey and some of his thoughts around having a marathon of a career. Then we dive into some of the elements in the book Crash and we wrap up with a rapid fire Q&A where Gopal speaks about the leaders and books that have influenced him. Published in June 2020. HOST Deepak is a Leadership Advisor and an Executive Coach. He works with leaders to improve their effectiveness and in helping them make better decisions specifically around organizational and career transitions. He currently runs Transition Insight (www.transitioninsight.com) and works with leaders to handle phases of transition thoughtfully. He has worked as an Operations Consultant with KPMG in UK, Strategy Consultant with McKinsey in the US and as a Leadership Consultant with EgonZehnder (a Swiss Leadership Advisory firm) where he helped companies recruit CEOs, CXOs and Board Members and worked on Leadership Development. Deepak is a certified CEO Coach and is an alumnus of IIT Madras, IIM Ahmedabad and London Business School. His detailed profile can be found at https://in.linkedin.com/in/djayaraman OTHER GUESTS 1.Vijay Amritraj 2.Amish Tripathi 3.Raghu Raman 4.Papa CJ 5.Kartik Hosanagar 6.Ravi Venkatesan 7.Abhijit Bhaduri 8.Viren Rasquinha 9.Prakash Iyer 10.Avnish Bajaj 11.Nandan Nilekani 12.Atul Kasbekar 13.Karthik Reddy 14.Pramath Sinha 15.Vedika Bhandarkar 16.Vinita Bali 17.Zia Mody 18.Rama Bijapurkar 19.Dheeraj Pandey 20.Anu Madgavkar 21.Vishy Anand 22. Meher Pudumjee 23.KV Shridhar (Pops) 24.Suresh Naraynan 25.Devdutt Pattanaik 26.Jay Panda 27.Amit Chandra 28.Chandramouli Venkatesan 29.Roopa Kudva 30.Vinay Sitapati 31.Neera Nundy. 32.Deepa Malik 33.Bombay Jayashri. 34.Arun Maira 35.Ambi Parameswaran 36.OP Bhaat 37.Indranil Chakraborty 38.Tarun Khanna 39. Ramachandra Guha 40. Stewart Friedman 41. Rich Fernandez 42. Falguni Nayar 43. Rajat Gupta 44. Kartik Hosanagar 45. Michael Watkins 46. Matt Dixon 47. Herminia Ibarra 48. Paddy Upton 49. Tasha Eurich 50. Alan Eagle 51. Sudhir Sitapati 52. James Clear 53. Lynda Gratton 54. Jennifer Petriglieri. 55. Matthew Walker 56. Raj Raghunathan 57. Jennifer Garvey Berger 58. BJ Fogg DISCLAIMER All content and opinions expressed in the podcast are that of the guests and are not necessarily the opinions of Deepak Jayaraman and Transition Insight Private Limited. Views expressed in comments to blog are the personal opinions of the author of the comment. They do not necessarily reflect the views of The Company or the author of the blog. Participants are responsible for the content of their comments and all comments that are posted are in the public domain. The Company reserves the right to monitor, edit, and/or publish any submitted comments. Not all comments may be published. Any third-party comments published are third party information and The Company takes no responsibility and disclaims all liability. The Company reserves the right, but is not obligated to monitor and delete any comments or postings at any time without notice.
David Klein is the CEO and CoFounder of CommonBond, a leading marketplace lender that lowers the cost of student loans for borrowers and provides financial returns to investors. The company has raised $4 billion to date. That is $130 million in equity and the rest in debt capital or lending capital. Investors include Social Capital, August Capital, Tribeca Venture Partners, Nyca Partners, etc. and also Vikram Pandit, the former CEO of Citigroup.
David Klein is the CEO and CoFounder of CommonBond, a leading marketplace lender that lowers the cost of student loans for borrowers and provides financial returns to investors. The company has raised $4 billion to date. That is $130 million in equity and the rest in debt capital or lending capital. Investors include Social Capital, August Capital, Tribeca Venture Partners, Nyca Partners, etc. and also Vikram Pandit, the former CEO of Citigroup.
As the chief executive of Citigroup, Pandit engineered the bank's rescue and recovery from the crisis ten years ago. He swung by Times Square to discuss lessons learned, the things that still worry him and where he's placing his bets on the future of the financial industry. See acast.com/privacy for privacy and opt-out information.
Intel's first-quarter earnings decline. Halliburton's first-quarter earnings rise. Cheseapeake Energy's CEO catches heat for his billion-dollar borrowing. And Citigroup shareholders reject a pay package for CEO Vikram Pandit.
Dominique Strauss Kahn preferred to gamble with his position by allegedly sexually assaulting a chambermaid from a Manhattan hotel. He lost his hand, rather literally and with it out went his chances to France's president in the next term. In this podcast, we talk about what this means for IMF and the European nations who are trying to flap their hands and legs in the middle of the oceanic debt that stares at them. At Citibank, Vikram Pandit gets a retention bonus totaling to more than 10 million USD. Closer home, Ratan Tata passes some remarks on Mukesh Ambani and the Brits.
Dominique Strauss Kahn preferred to gamble with his position by allegedly sexually assaulting a chambermaid from a Manhattan hotel. He lost his hand, rather literally and with it out went his chances to France's president in the next term. In this podcast, we talk about what this means for IMF and the European nations who are trying to flap their hands and legs in the middle of the oceanic debt that stares at them. At Citibank, Vikram Pandit gets a retention bonus totaling to more than 10 million USD. Closer home, Ratan Tata passes some remarks on Mukesh Ambani and the Brits.
Okay, here it is, the information you've waited years for:- How bank fees got so prevalent, what they are- How to avoid them- How to complain about them, escalating to top management (contact info)- How to report banks to regulators over fees- How to file lawsuits against them. Show Audio Here.Here are all the links / sources used in the podcast by timestamp when they are heard in the show and some useful information in between:We start our aftercast with some outraged people who tell of their experiences with Bank of America, Wells Fargo (chanting from the protest on Wall Street - Wells Fargo this sucks! Where's our $25 million bucks!), Citibank, and Chase bank. Can you relate to these people? Are you mad as heck and don't want to take it anymore? Protesters walk Broadway in Manhattan, NY, they walked in Chicago, and other cities! Are you mad enough to want to join them if and when there is another protest?Scott's pet peeve is FEES and specifically, in this aftercast, he takes on bank fees (credit card fees will be featured in another podcast). In this discussion, free checking (is there such a thing?), small print on bank notices, and other bank fees. Scott will take us through the fees and how to report these outrageous fees to many different agencies.7:45: Depository Institutions Deregulation and Monetary Control Act of 1980:http://en.wikipedia.org/wiki/Depository_Institutions_Deregulation_and_Monetary_Control_Act8:45: First National Bank of Chicago Teller Fee in 1995http://redtape.msnbc.com/2008/04/paying-cash-at.html In 1995, First National Bank of Chicago started charging a $3 teller fee which forced people to use the ATM and profits doubled for 28%. Banking customers have become nickeled and dimed ever since.10:15: Financial Times August 2009 on Bank Fees:http://www.ft.com/cms/s/0/43d18c68-851d-11de-9a64-00144feabdc0.htmlBanks make $38 billion from fees yearly. Fees have nearly doubled since 2000 - Financial Times, August 2009. Banks made 75% of their money from fees, not interest. 13:20: PocketMoney checking account register software for Iphone:http://www.catamount.com/iPhoneApps/PocketMoney.html17:37: Coverage on the courtesy overdraft scam where fees and interest are charged to move funds to cover itemshttp://www.billshrink.com/blog/7898/bank-of-america-overdraft/19:15: Usury references in the Bible:http://www.tentmaker.org/lists/UsuryScriptureList.html20:00: Usury defined:http://en.wikipedia.org/wiki/Usury20:15: Fed Moves to Limit Overdraft Fees:http://www.dailyfinance.com/story/federal-reserve-issues-new-rules-restricting-overdraft-fees-on-d/19235338/22:00: Banks move to limit Overdraft Fees:http://newsroom.bankofamerica.com/index.php?s=43&item=8538http://www.bloggingstocks.com/2009/09/24/wells-fargo-to-eliminate-overdraft-charges/24:15: Red Tape Chronicles MSNBC Reporter Bob Sullivan Reveals BOA's ATM Denial Fee:http://redtape.msnbc.com/2005/10/now_even_atm_de.htmlThank you to Bob Sullivan, Red Tape Cronicles, for revealing an ATM denial fee of $1.50 from Bank of America when he was over his DAILY withdrawl limit. 24:50: One Consumer (of millions) gets stung with the daily spending limit when shopping:http://consumerist.com/2008/02/bank-of-america-wont-let-you-access-your-money.htmlEven worse: Stranded when they cut you off when you are abroad:http://consumerist.com/2008/06/bank-of-america-tries-to-ruin-your-vacation-for-your-own-protection.html25:30: History of ATM's - They started out Free (Thanks to K.D. Weinert) http://www.stopatmfees.com/newpage3.htm 29:45: The Wells Fargo Rewards Debit Card program Elaine describes:https://www.wellsfargo.com/checkcard/rewardsThe Wells Fargo Rewards Program is free if you ONLY register your credit card, but of course, when you try to register your Debit/Visa Logo card to that, there is a yearly fee of $12. This information comes directly from a customer service representative who I spoke with in the Rewards Dept. Even though you will get $1 reward for each $1 you put on your credit card, the debit card with visa logo is less than that. 30:15: Chase Leisure Rewards Program referred to in Short Show:https://www.chase.com/ccp/index.jsp?pg_name=ccpmapp/shared/assets/page/leisure_rewards_faq30:30: How Points and Loyalty programs work:http://en.wikipedia.org/wiki/Loyalty_program31:15: TCF Bank $50 bonus promotion:http://www.tcfbank.com/PersonalBanking/pb_checking_free_cash_50.jsp33:52: Wells Fargo Coin Counting Program: CORRECTION: Elaine stated there is a program to only count coins on certain days and only for WF members. It was information given to her by her local branch of Wells Fargo. Although, when calling to check on this I was advised WF will count coins for no fee for either customers or non-customers IF they have a coin counting machine in the branch, but if they do not, then the tellers will not take the coins (they should) and will refer the customers to another branch. WF was unable to tell me if they have a policy spelled out on their website, and I could not find one. 34:15: WF and others charing non account holders $5 fee to cash checks drawn on their bank:http://www.bizjournals.com/sanfrancisco/stories/2005/09/05/daily12.html35:20: Regulations D Savings Fee Info:http://en.wikipedia.org/wiki/Regulation_D39:00: Bob Sullivan's book "Gotcha Capitalism"http://www.gotchacapitalism.com/44:22: http://www.moveyourmoney.info is the site helping you find other smaller more local banks to bank with instead of these big 4 banks the fee you to death and took your tax bailout money, yet won't pay you decent interest or loan you money. Huffington Post coverage: http://www.huffingtonpost.com/arianna-huffington/move-your-money-a-new-yea_b_406022.html45:45: How banks play games with waiting to credit your deposit to your account:http://www.bankrate.com/brm/news/chk/19991102.aspThis article also has 6 great tips to avoid this affecting you or making your account go negative. 46:09: Check 21: http://en.wikipedia.org/wiki/Check_2146:25: The Expedited Funds Availability Act: http://en.wikipedia.org/wiki/Expedited_Funds_Availability_Act46:45: Here is some good strategy for getting the fees waived:http://money.blogs.time.com/2010/02/23/the-customer-service-confrontation-what-to-say-to-get-fees-waived/Escalation Resources:47:41: Federal Reserve Bank: Consumer Complaint Form: http://www.federalreserveconsumerhelp.gov/consumercomplaint.cfmContact Info listed on that same page as well. 49:00: Office of Comptroller of the Currency:Complaint Form: https://appsec.helpwithmybank.gov/olcc_form/Contact Info Here:http://www.helpwithmybank.gov/contactus/index.html50:00: Complain about a Credit Union:http://www.ncua.gov/Resources/ConsumerInformation/Complaints/index.aspxPick the right category of Credit Union, then pick your state, and the contact info for the correct regulator will be revealed.50:47: Karney Hatch's Video "Overdrawn" featured his successful suit against Wells Fargo fighting outrageous overdraft fees. http://www.youtube.com/watch?v=PUXRBehEuH0Overdrawn homepage: http://www.overdrawnmovie.net51:45: Consumerist.com article link to web page for small claims court process in all 50 states:http://consumerist.com/2008/01/suing-big-companies-in-small-claims-court-is-fun-and-easy.htmlDirect link to the resource: http://law.freeadvice.com/resources/smallclaimscourts.htm52:30 Kopelowitz & Ostrow law firm is another possible legal option: See if there is a class action suit and join it, or start a new one: http://www.bankoverdraftlawyers.com/how-to-avoid-bank-overdraft-fees.phpSocial Media Sites to Publicize your story and complain at:53:15: Consumerist.com: http://www.consumerist.com (Email your story to them, if they cover it, seen by thousands of people, but note, they redact the story so the actual location of the business isn't revealed.)The rest of these sites do NOT redact stuff, which I feel is better.Rip Off Report: http://www.ripoffreport.com My3Cents.com: http://www.my3cents.comPlanetFeedback: http://www.planetfeedback.comComplaints.com: http://www.complaints.comEpinions.com: http://www.epinions.comThese sites are geographically oriented. When other consumers search for that business, they just might see your review and not shop there! :)Yelp.com: http://www.yelp.comGoogle.com: http://www.google.com. (Look up the business and then you should see link for reviews, write a review, many others will see it.)CitySearch.com: http://www.citysearch.comYahoo Local: http://local.yahoo.com/Insider Pages: http://www.insiderpages.comThink Local: http://www.thinklocal.comMetromix: http://www.metromix.comZiphip: http://www.ziphip.comKudzu: http://www.kudzu.comBank Executive Contact and Salary Info:55:00: John Stumpf, CEO of Wells Fargo:Contact Info: http://consumerist.com/2008/09/contact-info-for-wells-fargo-ceo-john-stumpf-and-friends.htmlSalary Info: http://people.forbes.com/profile/john-g-stumpf/85891(Sarah is his personal assistant as per Elaine.)57:00: Jamie Dimon, CEO of Chase Bank:Heather Joyner, Resolution Specialist: http://consumerist.com/2010/03/having-a-problem-with-chase-bank-heres-where-to-turn.htmlCEO Contact Info: http://consumerist.com/2008/05/contact-information-for-chase-ceos.htmlSalary Info: http://people.forbes.com/profile/james-s-dimon/4663059:50: Brian Moynihan, CEO of Bank of America:BofA is a finalist in Consumerist.com's Worst Company in America Contest:http://consumerist.com/2010/04/worst-company-in-america-overtime-rules.htmlCEO Contact Info: http://consumerist.com/2010/04/reach-bank-of-americas-ceo.htmlSalary Info: http://people.forbes.com/profile/brian-t-moynihan/1005960:48: Vikram Pandit, CEO of Citibank:CEO Contact Info:: http://consumerist.com/2008/10/reach-citibank-executive-customer-service.htmlSalary Info: http://people.forbes.com/profile/vikram-s-pandit/19716Also: 27 Citibank executive emails! :) http://consumerist.com/2009/03/27-citibank-executive-emails.html62:07: Correction: I had stated that Vikram's share of Old Lane netted him $79 million, but two articles say he actually made around $162.5 million on it:http://en.wikipedia.org/wiki/Vikram_Pandithttp://www.bloomberg.com/apps/news?pid=20601087&sid=ausa1oLaMjBs&refer=home67:05: Chase Bank Unemployment Card Fee Scandal:http://cbs4denver.com/investigates/unemployement.debit.cards.2.1531314.htmlExtra Resource Not Mentioned in the Episode:Big 4 banks fee disclosures:Chase: https://apply.chase.com/oao/DisclosureRetriever.aspx?DI=aHR0cDovL2FwcGNvbnRlbnQuYmFua29uZS5uZXQvUlNJL0RlcG9zaXQvUEVSU19DT19BQlNGX0VOR19WMzEuZmRmWells Fargo:https://www.wellsfargo.com/wfonline/deposit_acct_feesBank of America:http://factsaboutfees.bankofamerica.com/manage-banking-fees/Citibank:http://www.citigroup.com/uae/gcb/info/docs/fin_charges.pdf
I am running a competition in which a chief executive has to woo his customers with a letter. My finalists are Vikram Pandit and Johnnie Boden. See acast.com/privacy for privacy and opt-out information.
If the Indian stock market is galloping, the Indian Art Market is on LSD. It is swaying to a mood swing that is helping it grow by 50 per cent year on year. And buying expensive paintings is seen as a very intelligent investment option. As the marriage season hits India, people are insuring their marriages! In HCL, you can rate your bosses and what more, the results will be displayed on the Intranet. Vikram Pandit has been named as the CEO of Citigroup and this time India can pat its back since Pandit completed his schooling in Nagpur. As Burger King competes fiercely with McDonalds, we choose to talk about the Indian McDonalds - Jumbo King Vada Pav from Mumbai.
If the Indian stock market is galloping, the Indian Art Market is on LSD. It is swaying to a mood swing that is helping it grow by 50 per cent year on year. And buying expensive paintings is seen as a very intelligent investment option. As the marriage season hits India, people are insuring their marriages! In HCL, you can rate your bosses and what more, the results will be displayed on the Intranet. Vikram Pandit has been named as the CEO of Citigroup and this time India can pat its back since Pandit completed his schooling in Nagpur. As Burger King competes fiercely with McDonalds, we choose to talk about the Indian McDonalds - Jumbo King Vada Pav from Mumbai.