"If we do not correctly diagnose the causes, and instead act in haste to implement more rather than better regulations, we can do long-term harm."
-- U.S. Treasury Secretary Hank Paulson in a speech in Simi Valley, California today. The question of how to make the best decisions is weighing on everyone these days - particularly on Paulson and Barack Obama. Is it better to act with a sense of urgency or take time for thoughtful deliberation?
Obama is under pressure to assemble the right team to respond to the crises awaiting his arrival at the White House. Today he reportedly picked Arizona Gov. Janet Napolitano to head the Department of Homeland Security (and we also got news that Penny Pritzker, whom we've talked about on Postcards, has withdrawn from consideration for Commerce Secretary).
While Paulson argues for the "take your time" approach (especially as it pertains to imposing heavy regulations), today's Wall Street Journal notes that a Conference Board survey of top executives shows increasing emphasis on "speed, flexibility, adaptability to change." In October, 47% of 190 executuves surveyed ranked these as being "of greatest concern," vs. just 25% in July. A year ago, the Conference Board's survey showed revenue growth, profit growth and finding qualified management talent to be among the most pressing concerns. How times change. -- Jessica Shambora
If Barack Obama wins the Presidency--which is ever more likely since he's leading in virtually all the polls--some credit must go to his campaign's embrace of new-fangled communication methods. Specifically, social networking. During a panel called "One Month to Go: The Road to the White House" at Fortune's recent Most Powerful Women Summit, Penny Pritzker, Obama's finance chair, talked about how his campaign had a scant 20,000 names early on, MOREPatricia Sellers - Oct 17, 2008 1:02 PM ET
What a wrapup this morning at the Fortune Most Powerful Women Summit. I interviewed Melinda Gates -- with Warren Buffett watching from the front row. Buffett was flanked by his daughter, Susie, and his daughter-in-law, Jennifer, both of whom are powerful philanthropists in their own right.
It was fascinating to have Melinda Gates talk about her heady missions -- find an AIDS vaccine, eradicate malaria, reform U.S. education, bring a Green Revolution to Africa MOREPatricia Sellers - Oct 3, 2008 5:25 PM ET
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