From the pinnacles of power by Fortune editor at large Patricia Sellers
Type Size  -  +
December 19, 2008, 3:05 pm

This week: Leadership lessons and Dimon’s mystery execs revealed

Happy Friday! At least we have an auto bailout — some reassurance to end another rough week.

As I’ve monitored the page views on Postcards (way up this week!), I’ve noticed a pattern: lots of interest in good news and lessons in leadership — maybe because this is so hard to come by these days. Thursday’s post on Execution dispensed management advice from successful CEOs like IBM’s (IBM) Sam Palmisano and Verizon’s (VZ) Ivan Seidenberg. Another that struck a chord: Tuesday’s post about the second coming of JetBlue (JBLU) founder David Neeleman — or make that the fourth coming, given that his new airline, Azul, in Brazil is his fourth startup. Not bad for a guy who got bounced at both JetBlue and Southwest (LUV).

Monday’s post, Jamie Dimon: No bonuses for you!, drew more traffic than any other since we launched Postcards in June, except one. That most popular post happened to be The Great Depression, as I remember, which sounds like a downer but isn’t. It’s a charming and inspiring reminiscence by my 91-year-old Uncle Walt Stoiber in Ohio.

As for the Dimon post, it drew loads of comments — some negative (”Dimon should stop sending jobs offshore,” wrote Giuseppe Ciaccia, a laid-off employee in New York) but generally positive, like this one from a reader called “working hard” from Newark, Delaware: “Jamie and his team…deserve to be rewarded, but that can come at a later time.” The post also drew speculation about the identity of two former Citigroup (C) execs who followed Dimon to Bank One in 2000 and refused bonuses when that company was in trouble. Among the guesses: Heidi Miller, Bill Campbell, Charlie Scharf , Mike Cavanaugh, Jim Boshart, Steve Black, Frank Bisignano. All those execs followed Dimon to JPMorgan Chase (JPM), where he’s now CEO. My good sources tell me that, actually, the two execs were Charlie Scharf and Jim Boshart. While Boshart retired from JPMorgan Chase in 2004, Scharf is a prime player, as head of retail banking. He, by the way, was Dimon’s assistant straight out of college in 1987, when Dimon and Weill were running Commercial Credit, pre-Citi.

In this era of Bernie Madoff and greed galore, it’s good to hear about people who put a company’s interest above their own. As Dimon said at the Yale CEO Summit last week, “Business is more Shakespearean than MBA.” That’s right, in business as in life, the bad guys get their comeuppance. The good suffer, but usually they win in the end. Keep the faith!

pattie-signature6

CNNMoney.com Comment Policy: CNNMoney.com encourages you to add a comment to this discussion. You may not post any unlawful, threatening, libelous, defamatory, obscene, pornographic or other material that would violate the law. Please note that CNNMoney.com may edit comments for clarity or to keep out questionable or off-topic material. All comments should be relevant to the post and remain respectful of other authors and commenters. By submitting your comment, you hereby give CNNMoney.com the right, but not the obligation, to post, air, edit, exhibit, telecast, cablecast, webcast, re-use, publish, reproduce, use, license, print, distribute or otherwise use your comment(s) and accompanying personal identifying information via all forms of media now known or hereafter devised, worldwide, in perpetuity. CNNMoney.com Privacy Statement.
Esther Wojcicki Esther Wojcicki: The last newspaper generation
Journalism teacher and newspaper adviser at Palo Alto High School
John Wood John Wood: Andrew Carnegie, version 2.0
Founder & Executive Chariman of Room to Read
Doreen Lorenz Doreen Lorenzo: How to innovate in turbulent times
President, frog design
Powerful women's predictionsGoogle's Marissa Mayer, Goldman Sachs' Dina Powell and analyst Meredith Whitney share their industry outlooks. Watch
Ballmer: Economy has resetMicrosoft CEO says we're not in a recession -- rather, a "reset" and will grow from a lower level. Watch
Pattie SellersPatricia Sellers has written some of Fortune's most talked-about cover stories, including "Can Meg Whitman Save California?", Melinda Gates ("The $100 Billion Woman"), "MySpace Cowboys," Martha Stewart ("I cannot be destroyed"), Ted Turner ("Gone with the Wind") and Oprah Winfrey ("Oprah Inc."). And she has broken ground with insightful pieces on career management issues such as ego ("Get Over Yourself!"), and "Charisma: Do You Need It? Can You Get It?" Pattie chairs the annual Fortune Most Powerful Women Summit, the preeminent gathering of women leaders in business, philanthropy, government, academia, and the arts. And she has helped oversee Fortune's "Most Powerful Women in Business" cover package since its launch in 1998. She started at Fortune in 1984, covering the big consumer brand companies.
Subscribe to Postcards: RSS feed | email newsletter

Jessica ShamboraJessica Shambora started with Fortune as a reporter in June of 2008, following a stint as assistant editor at Travel+Leisure Golf. Shambora has written for Sports Illustrated, SI Latino, Women's Health, and Triathlete. She is a frequent contributor to Postcards.
Every year Fortune and the U.S. State Department sponsor the Global Women Leaders Mentoring Partnership, which brings rising-star women from developing countries to the U.S. to work closely with participants of the annual Fortune Most Powerful Women Summit - among them CEOs Andrea Jung of Avon, Ann Moore of Time Inc., and Anne Mulcahy of Xerox.
* : Time reflects local markets trading time.† - Intraday data delayed 15 minutes for Nasdaq, and 20 minutes for other exchanges.• Disclaimer
Powered by WordPress.com.