Homepage / Investment / Cramer: Successful CEOs and military leaders have these 5 traits in common
test Due Diligence Blog Digital Data Rooms for the Netherlands Board Room Apps Secure Board Management With Secure Board Portals What Happens at Board of Directors Meetings? Board Room Software Review How to Prepare Board Rooms for Effective Board Meetings Board Room Software Boosts Performance and Communication Selecting a Secure Data Room Review Local Data Room Service Review How to Find the Best Virtual Data Room Review What to Look for in a Data Room uk Provider Document Storage and Distribution Software Everything About VDRs Corporate Software Advantages How to Choose a Virtual Data Room Provider The Most Secure Way to Transfer Files How to Manage Online Board Meetings Benefits Virtual Data Room Solutions – Must-Haves for M&A and Due Diligence Best Data Room Functions for the Different Types of Industries How to Choose a VDR Software Provider How to Choose an Online Board Portal The Benefits of a Boardroom Review Board Room Online Solutions – How to Get the Most Out of Your Board Meetings Why You Need a Board Room How a Board Room Blog Can Transform Your Business Choosing the Best Board Room Format How to Have Productive and Engaging Board Directors Meetings Choosing the Right Virtual Data Room How to Keep Safe Documents Storage Teaching Kids About Online Safety Avoid Costly Mistakes With Free Data Room Services Corporate Virtual Data Secure Online Data Rooms Solutions How to Keep Share, Edit and Delete Your Data Safe Virtual Data Room Software Secrets for M&A Due Diligence What to Look For in Boardroom Providers Board of Directors Blog Posts How to Deliver Value at Your Board Meetings How to Have Effective Board Meetings Responsibilities of Board Members Deal Management – How to Effectively Manage a Complex Sales Pipeline Data Rooms For Mergers And Acquisitions How to Have a Successful Board Room Meeting Choosing a Board Room Service Provider What is a Board Room Service? Board Room Software Review – Choosing the Best Portal for Mother Board Meetings Why a Board Room Providers Review Is Important What Is a Board Room Review? Venture Software for VC Firms What Is an Assessment Report? The Importance of a Tech Audit Popular Business Applications What to Look For in a Data Room App What Are Business Applications? How to Choose a Virtual Data Room How to Plan a Data Room Review Coronavirus Guide What is a Virtual Data Room? What Is Data Science? What Is an Operating System? Turbotax Small Business Review How Online VDRs Are Used in M&A Deals Why Choose VDR Software? The Power of Business Software The Benefits of a Software Board Online Data Room Review The Importance of Tech Knowledge Improving Accuracy of Financial Data Online Business Records – How to Keep Your Online Business Records Accurate and Secure What is a Board Portal De? DealRoom Review – A Review of VDR Software M&A Due Diligence for Private Companies The Virtual Data Room Review Why Companies Use a Data Room Review to Facilitate M&A Transactions The Best File Sharing Services How Online VDRs Are Used in M&A Deals Best Virtual Data Room How to Choose a Best Board Room Provider Choosing a Data Room for Due Diligence What Is a Data Room Business Software? Best Data Room Providers Review Data Room Providers Review Mostbet Tr Resmî Web Sitesinde Giriş Ve Kayıt Olm Kumar Oynamak Için En Iyi Yerdir The Benefits of Cloud Data Services for Enterprises Online Data Room and SSL How to Build a Diverse Board of Directors Best Virtual Data Review A Data Room Service Review How Runn Makes Project Data Accessible, Accurate and Shareable Five Pillars of Information Protection The Importance of Online Business Reports Benefits of Colocation Services Virtual Data Rooms Guide Choosing a Business Virtual Data Room Choosing the Right VDR Service Review How to Conduct a Virtual Data Room Review Glory Online Casino Türkiye En Iyi Oyunları Ve Bahisleri Olan Kumarhane

Investment

Cramer: Successful CEOs and military leaders have these 5 traits in common

CNBC’s Jim Cramer has noticed that some folks on Wall Street find it difficult to reconcile how veterans relate to the world of business.

“I think there is some commonality, because leading an enterprise these days is all about the same processes that cadets learn here,” the “Mad Money” host said from a special Veterans Day show held at the U.S. Military Academy at West Point.

“No wonder veterans do so well in business,” he continued. “A winning strategy is a winning strategy — doesn’t matter whether you’re talking about the military or the private sector.”

On a difficult day for the major averages, which slid on reports of a Senate Republican proposal to push tax reform back to 2019, Cramer thought it was important to note some key traits often taught to the military that have helped executives lead their companies through hard times.

Strong leaders who have sound strategies for beating their competition tend to prevail in business, Cramer said.

“It’s the person at the top who defines how an institution works,” he said. “Strong leaders translate into companies with stocks that outperform. And we see it all the time. We see it at PepsiCo with Indra Nooyi or at Apple with Tim Cook or at Johnson & Johnson, which is led by West Point graduate Alex Gorsky.”

Leaders can prevail both in the military and in the private sector if they know what it takes to be ahead of the game and beat their rivals to the punch, the “Mad Money” host said.

Companies like Amazon, Facebook and Alphabet have used technology like artificial intelligence and machine learning to take their places at the top of the tech market, he added.

Big bank CEOs like JPMorgan’s Jamie Dimon and Goldman Sachs’ Lloyd Blankfein have succeeded thanks to the loyalty they have to their institutions, Cramer said.

The “Mad Money” host said their loyalty was “forged in fire” since they led their companies through the 2008 financial crisis, which marked the worst economic downturn in the United States since the Great Depression.

“By the way, I know you rarely hear about situations where bankers are the good guys, but … other than defense contractors, no other industry has a commitment to hiring veterans like the banks. They do so not out of the goodness of their hearts but because they value leadership, grace under pressure and loyalty to the institution,” Cramer said.

Like West Point cadets and millions of U.S. veterans, successful CEOs also tend to have meticulous attention to detail.

Thinking strategically about clear objectives is a central principle taught to U.S. troops, and Cramer argued that the skill is totally transferable to Wall Street.

Finally, winning CEOs and troops alike thrive under pressure, Cramer said.

“They are by nature optimistic, but they’re skeptical. They trust the process and they know the institution must be preserved,” the “Mad Money” host said.

Overall, the world’s best CEOs know that it takes more than just earnings per share to put their companies in a class above the rest. It takes community participation and the ability to make hard choices on the behalf of all stakeholders, not just shareholders.

“There are many different kinds of service, but the best companies can all foster environments that produce people who say, ‘Bring on the pressure, we’ll handle it as a team,'” Cramer said. “The bottom line is that long term, companies with leadership, first-mover advantage, loyalty to the institution, attention to detail, and grace under pressure will usually prevail over their adversaries and preserve those institutions. So when you find a company with these traits … you stick with it over the long haul and trust that they can triumph over any short-term headwinds that come their way.”

Disclosure: Cramer’s charitable trust owns shares of PepsiCo, Apple, Facebook and Alphabet.

Questions for Cramer?
Call Cramer: 1-800-743-CNBC

Want to take a deep dive into Cramer’s world? Hit him up!
Mad Money TwitterJim Cramer TwitterFacebookInstagramVine

Questions, comments, suggestions for the “Mad Money” website? madcap@cnbc.com

Source: Investment Cnbc
Cramer: Successful CEOs and military leaders have these 5 traits in common

Comments are closed.