Harvard Business School professor Tom DeLong discusses with Ted Seides his career history at Morgan Stanley and working under CEO John Mack.
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“And I knew it was time to go when I started to tell John Mack what he wanted to hear as opposed to what was in my heart and I knew he needed to hear.”
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More from Tom DeLong
AssertionNot checkable as stated
DeLong: Hundreds of PE Partners Leave Feeling Hollow Despite Earning Millions
“There are some private equity firms, and I've known hundreds of partners, and all of them leave feeling hollow with truckloads of money.”
DeLong: Ignoring solid 'B players' creates an organizational disaster
“Over time, if you ignore them, then you're in free fall, and we have the data to show organizations are a disaster waiting to happen if you ignore what I would call the heart and soul of the organization.”
DeLong: Asset Management Leaders Prioritize Image and Output Over Essence
“There isn't a feeling from the leaders in asset management groups to create a place where you deal with essence as opposed to image. You do your work, you keep your head down, you produce. That's the name of the game.”
DeLong: Created the First Performance Evaluation in Wall Street History
“I couldn't believe the way people were compensated. I couldn't believe the way people were promoted. It was literally an old boy system, and I went right after that, and helped create the first performance evaluation in the history of Wall Street.”
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