Latest comments for http://www.ababj.com , comment 0 to 1 out of 1 comments http://www.ababj.com Tue, 21 May 2013 03:34:08 +0100 FeedCreator 1.7.2 http://www.ababj.com/editor-s-column/too-big-to-manage-not-so.html#pc_20 Dear Mr. Streeter: I read with interest and a little incredulousness your column in the May 2009 ABA Banking Journal and your somewhat inane conclusion that running a large organization that has branches in over 25—40 states and offices around the world and has over a trillion dollars in assets is the same as running the Normandy invasion in WWII. First of all, I can see you have no idea of what the military is like. I was in the military for 7 years. General Eisenhower had generals for each Corp, generals for each division, full bird colonels for each brigade, lt. colonels for each battalion, captains for each company, lieutenants for each platoon, lieutenants for each squad along with sergeants and corporals. In other words the span of control for each person was fairly limited with one overall objective, take ground, kill the enemy if they got in your way, and continue taking ground and killing the enemy until their wasn’t any opposition as prescribed in the overall plan of battle. Of course, as in all things done of a large nature there were screw ups that cost the lives of thousands of men, you know like landing on the wrong beach, taking a position that was thought to be critical but wasn’t, and of course death by friendly fire let alone the enemy fire. One of the things I like about banking is the fact that I can fix a customer or borrower mistake. In the Army once you’ve maimed or killed someone they stay maimed or killed. However, I believe your lame point was it’s all about an idea that there are leaders and managers. I guess it’s kind of like Plato’s idea of citizens, a philosopher king, and guardians. Having been in the Army we didn’t have managers, managers take care of things like computers or supplies or something. Leaders lead and motivate people to accomplish a certain mission or objective. I am a leader, my AVP’s are leaders, and then we have followers, those glorious tellers, lenders, and operations folks in the trenches that make it all happen. I know their names! What about a mortgage team that sells subprime mortgages that they know are awful loans to other banks, countries, and other institutions such as insurance companies and pension plans. How would leadership play there? The question isn’t about leadership, it isn’t about managers, it’s about information, it’s about ethics, it’s about understanding what your people are capable of and what they’ll do in the pursuit of wealth. No leader of a trillion dollar institution can answer those questions at any one time. That’s why these institutions like Wells Fargo, Bank of America, Citigroup, and JP Morgan Chase need to be down sized. Because they no longer know their people, they probably don’t really understand the institutions’ culture any longer, or the kind of people they even employ. I’ll wage that if any member of the Board of Directors for any of the banks I mentioned showed up at one of their branches, more than half the staff wouldn’t know them from Adam and more likely the whole staff wouldn’t know who this guy is. Too big to manage/lead? Absolutely. Jim Meyer President and CEO The Farmers State Bank Holton, KS P.S. I agree with your traits of a good leader/manager at the end of your article. However, I have always followed 4 cardinal rules: 1. Never ask anyone to do something that you would not do yourself. 2. It is always the mission first and the people second. 3. Try never to make a snap decision; ask your people what they think should be done and then “Do something.” It is far better to do something, even if it’s wrong, then to do nothing and create an atmosphere of indecision that saps the will of your officers and employees. 4. Always lead by example. - Jim Meyer Tue, 02 Jun 2009 13:36:49 +0100