Happy New Year, leaders of corporate America. It’s resolution time.
One: Get to the gym. Two: Spend more quality time with the kids. Three: Restore the firm’s reputation and return it to profitability.
Wait. You didn’t think it would be that easy, did you?
We learned a lot about our businesses’ leaders this past year. Economic distress reveals much about a company’s balance sheet and a chief executive’s character. It lays bare mistakes and leaves fewer, if any, causes to celebrate. But let’s wipe the slate clean. Take what we learned in 2008 to start building a great, or at least better and less treacherous, 2009.