Portraying yourself as a victim can be a great communication strategy. It deflects attention and can even arouse sympathy. BlackRock CEO Larry Fink has been playing the part masterfully ever since a volatile stock market exposed flaws in one of his company’s biggest products. But is BlackRock the victim – or the villain?
Dick Fuld was never that skilled with the media when he was CEO of Lehman Brothers. Nearly seven years later, he still isn’t.
It’s never easy to fire the CEO, especially if he’s been in the big chair for many years, like George Zimmer of Men’s Wearhouse. But if you’re going to do it, you need sound reasons – and you need to say what they are. The company’s board is learning that lesson the hard way.
Poor AIG. It was just starting to get its mojo back, launching a new ad campaign to thank taxpayers for rescuing the firm in the darkest days of the financial crisis. Then came the awkward news that it might sue taxpayers for driving too hard a bargain. Now the ad campaign seems dishonest and AIG […]
We suffering taxpayers were treated to some rare good news this week, when the U.S. Treasury sold the last of its holdings in AIG, earning a cool $23 billion profit. Not bad for a risky corporate turnaround. But there to rain on the parade was Hank Greenberg, the former CEO of the insurance giant, who […]