

Elevate Classics: Harry Kraemer On Great CEOs, Self-Aware Leadership And More
16 snips Jul 24, 2025
Harry Kraemer, an executive partner at Madison Dearborn Partners and leadership professor at Northwestern, dives deep into the essence of effective leadership. He emphasizes the critical importance of self-awareness and moral integrity, sharing his journey from CFO to CEO. Kraemer also discusses the balance between accountability and empathy, drawing parallels between corporate leadership and parenting. His personal anecdotes illuminate lessons in crisis management and the value of understanding people over numbers, advocating for servant leadership in all business dealings.
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Never Surprise with Feedback
- Set clear expectations and communicate them repeatedly to avoid surprises.
- Accountability requires transparency and consistency in feedback.
Baxter's Ethical Crisis Response
- Baxter shut down a product after several patients died, costing $185 million but keeping ethical standards intact.
- Employees and customers admired the company for doing the right thing during crisis.
Key Qualities of Leaders
- Look for leaders who simplify complexity and communicate clearly across all levels.
- Prioritize leaders who demonstrate self-awareness, balance, true confidence, and genuine humility.