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	<title>Comments on: Spencer Stuart Breakfast Seminar</title>
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		<title>By: Michael Darmody</title>
		<link>http://rogerlmartin.com/2009/11/05/spencer-stuart-breakfast-seminar/comment-page-1/#comment-32</link>
		<dc:creator>Michael Darmody</dc:creator>
		<pubDate>Thu, 14 Jan 2010 20:00:21 +0000</pubDate>
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		<description>Roger,
I met you this morning at the SCN event; thanks for an entertaining and enlightening presentation. I read part of your book on the subway home!

I&#039;m thrilled, relieved and rejuvenated to find a &#039;heavyweight&#039; thinker (you!) who loves and admires business but hasn&#039;t drunk the &#039;maximize shareholder value&#039; koolaid. 

Having an MBA myself, I think I fully appreciate the engine of prosperity that commerce represents, but I am livid at the US meltdown that the investment banking community created, and have believed for years now that governance, incentives and executive compensation as they currently stand, drive inappropriate behaviour and definitely cause the moral hazard that the world just experienced.

But as a small independent leadership development consultant, sometimes I have wondered &quot;am I missing something? How can all the David O&#039;Briens of the world say otherwise?&quot;

So imagine my joy at reading your opinions. You fall into the same category as Simon Johnson of MIT (The Quiet Coup, Atlantic Monthly, May 2009), and I wholeheartedly agree with your theory. And good that you&#039;re in a great position as Dean of a respected MBA program to effect some positive changes. 

Keep up the good fight!

Best, Michael</description>
		<content:encoded><![CDATA[<p>Roger,<br />
I met you this morning at the SCN event; thanks for an entertaining and enlightening presentation. I read part of your book on the subway home!</p>
<p>I&#8217;m thrilled, relieved and rejuvenated to find a &#8216;heavyweight&#8217; thinker (you!) who loves and admires business but hasn&#8217;t drunk the &#8216;maximize shareholder value&#8217; koolaid. </p>
<p>Having an MBA myself, I think I fully appreciate the engine of prosperity that commerce represents, but I am livid at the US meltdown that the investment banking community created, and have believed for years now that governance, incentives and executive compensation as they currently stand, drive inappropriate behaviour and definitely cause the moral hazard that the world just experienced.</p>
<p>But as a small independent leadership development consultant, sometimes I have wondered &#8220;am I missing something? How can all the David O&#8217;Briens of the world say otherwise?&#8221;</p>
<p>So imagine my joy at reading your opinions. You fall into the same category as Simon Johnson of MIT (The Quiet Coup, Atlantic Monthly, May 2009), and I wholeheartedly agree with your theory. And good that you&#8217;re in a great position as Dean of a respected MBA program to effect some positive changes. </p>
<p>Keep up the good fight!</p>
<p>Best, Michael</p>
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