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Do CEOs Need Term Limits?

Aug 6, 2022

Bill George, a Senior Fellow at Harvard Business School and former CEO of Medtronic, talks about the evolving landscape of corporate leadership. He emphasizes the importance of authenticity and introspection in modern CEO roles. Bill shares insights on how Best Buy’s CEO effectively navigated the pandemic by transforming operations. He also discusses the potential benefits of imposing term limits on CEOs to foster fresh leadership and innovation. The conversation touches on contrasting leadership styles, focusing on empathy and collaboration in achieving sustainable success.

31:40

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Episode guests

Bill George

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Episode notes

Intro

2min

Introspective Leadership and True North

16min

Leadership Transformation During the Pandemic

3min

Mentorship and Sustainable Leadership

5min

Transformational Leadership: The CEO as a Coach

3min

Term Limits: A Path to Fresh Leadership in Corporations

3min

What does it take to be a great CEO in 2022? Leading with a True North, and breaking down some of the crusty hierarchical structures. Some leaders get it, and some really don’t. During Bill George’s tenure at Medtronic, the company’s market cap rose from $1 billion to $60 billion. He believes that leading with authenticity is one of the reasons he was able to help do that. Ricky Mulvey caught up with George to discuss his forthcoming book, “True North: Leading Authentically in Today's Workplace” as well as: - How Best Buy CEO Corie Barry pivoted during the pandemic - Mark Zuckerberg vs Satya Nadella - Why more companies may benefit from giving CEOs a term limit - Mary Barra’s big goals at General Motors - How to find your own True North

Stocks mentioned: MDT, MSFT, META, BBY, VMEO, GM

Host: Ricky Mulvey Guest: Bill George Engineer: Dan Boyd

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