Marlene Puffer, CIO at AIMCo, shares a leadership lesson learned from an executive assistant early in her CEO career about the risks of positional power.
0:00 / 0:15exact quote · 15.2s
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“It's easy as a leader to think out loud from time to time without noticing that people really listen to you when you think out loud, and oftentimes they'll go off and do things because they think it's what you want when all you were doing is wondering about something.”
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Insight
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“The power of the consulting community is still very high and was during that period. So we had gatekeepers that made it very difficult for us to really get at the decision makers we needed to get at. And those gatekeepers were at the same time creating their o…”
Marlene PufferSep 11, 2023▶ 22:51Marlene Puffer – Canadian Pension Model at AIMCo (EP.337)
Disclosure
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Opinion
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“Often, pension plans have ended up in the so-called no regrets, fifty-fifty hedge half approach, which really doesn't make sense.”
Marlene PufferSep 11, 2023▶ 55:12Marlene Puffer – Canadian Pension Model at AIMCo (EP.337)
Opinion
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“The gouging of retail investors, especially through structured products.”
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Insight
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“I know how the swap desk interacts with the rates desk, interacts with the currency desk, interacts with the debt origination desk when a corporate deal comes to market, for example. And not many people get that exposure. Its value to me today is huge that I u…”
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Opinion
Puffer: Sell-side trading floors prioritize bank P&L over client returns
“On the trading floor, it really is about P&L. It's about, are you making money today? Did you make money yesterday? How are you making money tomorrow? And who are you making money for? Well, you're not really aiming to make money for the clients, other than in…”
Marlene PufferSep 11, 2023▶ 15:11Marlene Puffer – Canadian Pension Model at AIMCo (EP.337)
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