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Paul O’ Neill, former Secretary of the US Treasury and CEO of Alcoa, gives his views on effective leadership

Former Secretary of the Treasury Paul O' Neill

At a conference at Harvard Business School, Paul O’ Neill led an open and very candid discussion about his time as Secretary of the Treasury under the Bush administration and CEO of Alcoa. Before joining the government, Mr O’ Neill had made his reputation by being tough on safety during his time at the world’s third largest aluminum producer.

During the hour long session chaired by Professor Ananth Raman, Mr. O’ Neill began by asking the group of senior managers and executives present “How many of you know the daily loss rate in your company?”  A few hands went up. Continue reading

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