The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
R E M A R K S B E F O R E THE DEPARTMENT HEADS CONFERENCE N ovem ber 17» 1969 OUTLINE OF REMARKS BEFORE THE DEPARTMENT HEADS CONFERENCE N ovem ber 1 7 , 19&9 I. Bank w i l l h a v e new P r e s i d e n t a n d F i r s t V ic e P r e s i d e n t b e g in n in g M arch 1 , 1970 A. Why? F o r RNH — t h i n k s B. Why? F o r KRB — 1. 2. II. 65 s h o u l d a p p ly t o a l l . E f f e c t on r e t i r e m e n t a ll o w a n c e . E f f e c t on m o ra le o f B ank. P ro c e d u re o f d i r e c t o r s . A. In fo rm e d l a s t s p r i n g . B. E x e c u tiv e S e s s i o n s . 1. R o le o f R e s e r v e B ank. a. b. c. 2. Q u a l i f i c a t i o n s o f P r e s i d e n t a n d F i r s t V ic e P r e s i d e n t . a. b. C. I n m o n e ta ry p o l i c y . In l o c a l l e a d e r s h i p . In te rn a l e ffic ie n c y . Job d e s c rip tio n s . Jo b s p e c if ic a tio n s . S e a r c h in g f o r c a n d i d a t e s . 1. R e s p o n s i b i l i t y o f P r e s i d e n t f o r m anagem ent s u c c e s s i o n . I n f l u e n c e on s e l e c t i n g F i r s t V ic e P r e s i d e n t . 2. S e a r c h in g o u t s i d e . a. V iew s o f o t h e r s — F o rm e r d i r e c t o r s . O th e rs . D. C a n 't p l e a s e e v e ry b o d y . E. A p p ro v a l o f B o ard o f G o v e rn o rs . F. S e l e c t i o n o f D a v e s. We a r e h e a r t i l y f o r th em . -2- III. Some Management Principles. A. R e s p o n s ib ility a t each le v e l f o r s u c c e s s io n . B. Vie a l l w an t t o g e t a h e a d . C. G r e a t workman may n o t make g r e a t fo re m a n . Dad a n d c a r p e n t r y . IV. D. The P e t e r P r i n c i p l e . E. The p ro b le m o f human r e l a t i o n s . 1. N ot w h a t y o u c a n d o s o much a s w h a t s h o u ld b e d o n e . And g e t t i n g o t h e r s t o do i t . 2. How am I g e t t i n g a l o n g w ith p e o p le ? S a t i s f a c t i o n s i n w h a te v e r o n e d o e s . How q u i c k l y one becom es a " h a s - b e e n ." A. F r i d a y lu n c h e o n by F i r s t P e n n s y l v a n i a Company f o r DPE an d DCM. "H ey, m i s t e r , w i l l y o u move c l o s e r t o Bob C o r s o n ." B. Bob l im p in g a l o n g — lam e d u c k .
@FedFRASER