Praise for Lessons from the Titans
In every era, it is always tempting to believe that the fundamentals have somehow changed. This book provides perceptive analyses of the enduring lessons from some of the most important companies in our nations history. Leaders of today and tomorrow, across all industries, will do well to learn how to apply these fundamentals to their own time.
Wes Bush
former Chairman and CEO of Northrop Grumman and Director of General Motors and Cisco
Highly instructive. Every business executive, investor, and student of leadership should read this book. Lessons from the Titans shows us that excellent CEOs lead organizations that win and thrive because they implement great processes around operational excellence.
Inge Thulin
former Chairman and CEO of 3M and Director of Merck
An engrossing read with many lessons to mull over for senior executives and emerging managers alike. This book reminds us that sustainable success depends on operational and financial discipline.
Nick Santhanam
Senior Partner and Head of the Advanced Electronics and Industrials Practice at McKinsey & Company
Few have the years of experience and insight into industrials that Scott, Carter, and Rob do. Theyve written the book on building great operating systems, disciplined capital deployment, and process capability to sustain long-term, consistent, top-quartile performance.
Kirk Hachigian
former Chairman and CEO of Cooper Industries and Director of NEE, PACCAR, and Allegion
With credibility built over 60 years of collective industry experience, the authors bring a unique inside view of what it takes to succeed in business. Lessons from the Titans is a must-read about the importance of innovation, competitive edge, disciplined investment, and leadership.
Stephanie Link
Global Research Director and Portfolio Manager at Nuveen and CNBC contributor
Business success still depends on keeping the organization focused on profitable growth through continuous operational improvement. Lessons from the Titans doesnt just explain how; it shows you these principles in action.
Ed Breen
Executive Chairman and CEO of DuPont and Director of Comcast
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CONTENTS
ACKNOWLEDGMENTS
E ach of us has a story to tell of someone who took a chance on us at some point in our careers. Research departments on Wall Street are notoriously difficult to get into and even more difficult to advance in once there. It takes commitment and sponsorship to get very far. We were each amazingly lucky and grateful to be emerging analysts who were mentored by some of the most talented writers and thinkers in the businesspeople like Alice Schroeder, Steve Girsky, Mary Meeker, Chuck Phillips, Henry McVey, Byron Wien, Barton Biggs, Stephen Roach, and Jennifer Murphy. They were all top-ranked analysts in their field at a time when competition among analysts was amazingly high. And they each had impressive second careers once their analyst days were over. Management at senior levels was equally inspiring: Mayree Clark, Dennis Shea, and Andrew Jones from the Morgan Stanley research department; Stu Linde from the Lehman Brothers research department; Ruth Porat from investment banking; and Morgan Stanley CEO John Mack each stand out. These were leaders from a different era. Expectations for tangible results were beyond high, but mentorship and coaching were equally intense. We are each thankful for the experience they gave us.