Curious what you would add to address FDIC people issues. I will share some thoughts separately.
Related, did you notice JPMC added an employee oversight role of sorts? I have not seen details but think independent oversight of how employees are managed would be welcome. Another ex fed colleague mentioned the now defunct GE capital had leading practices on managing employee base, which intrigued me.
My first reaction was to look at the structure of leadership. The FDIC now has a woman heading the agency, but this won't solve the problem. After all, Sheila Bair once led the agency. I also note that the leadership of the FDIC examiner's union is female, so they SHOULD have people in place that care about the issue.
At the Fed, we had people committed to the cause. I think in particular of Chet Feldberg who made it a priority as part of the cultural change. It also took some trailblazing women in Bank Supervision leadership: Kate O'Neil, Nancy Bercovici, Elaine Mauriello, Roseann Stichnoth. Barbara Walter in particular fought every stereotype there was.
I guess my simple reaction is they need more women in leadership, a cultural change that actively suppresses the old boy network, promotion based on merit and not tenure (may be hard with the union).
Brian,
Thanks so much. Awesome analysis, as per usual.
Curious what you would add to address FDIC people issues. I will share some thoughts separately.
Related, did you notice JPMC added an employee oversight role of sorts? I have not seen details but think independent oversight of how employees are managed would be welcome. Another ex fed colleague mentioned the now defunct GE capital had leading practices on managing employee base, which intrigued me.
Hi Alexa,
That's a good question.
My first reaction was to look at the structure of leadership. The FDIC now has a woman heading the agency, but this won't solve the problem. After all, Sheila Bair once led the agency. I also note that the leadership of the FDIC examiner's union is female, so they SHOULD have people in place that care about the issue.
At the Fed, we had people committed to the cause. I think in particular of Chet Feldberg who made it a priority as part of the cultural change. It also took some trailblazing women in Bank Supervision leadership: Kate O'Neil, Nancy Bercovici, Elaine Mauriello, Roseann Stichnoth. Barbara Walter in particular fought every stereotype there was.
I guess my simple reaction is they need more women in leadership, a cultural change that actively suppresses the old boy network, promotion based on merit and not tenure (may be hard with the union).