by Allan Dodds Frank Info
Allan Dodds Frank is a business investigative correspondent who specializes in white collar crime. He also is the former president of the Overseas Press Club of America, one of the many journalism organizations that protests the arrests of journalists abroad and repression of freedom of speech.
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Former Xerox CEO Anne Mulcahy is rumored to be the top choice to head the White House National Economic Council. Allan Dodds Frank talks to her colleagues about why sheâ??s exactly what Obama needs.
If being a team player still counts in Washington, Anne Mulcahyâ??the former CEO of Xeroxâ??could be a most valuable addition to the Obama White House economic squad, people who have worked with her during the last two decades tell The Daily Beast.
A leading management expert tells The Daily Beast: â??She has dealt with turnarounds. She did a major turnaround at Xerox, so she understands that. She understands both domestic and global businesses. She is a very good leader. She has great skills in influencing other people. She is politically interested but not highly partisan.
He continues: â??The administration sorely lacks people with real business experience in the upper echelons and who would understand what really needs to be done to create private sector employment.â?
Unlike Larry Summers, the Harvard man-to-the-bone whom she would succeed as director of the National Economic Council, Mulcahy feels no need to prove she is the smartest person in the room. Nor is Mulcahy, a 57- year-old English and journalism graduate of Marymount College in Tarrytown, New York, a profane bully as some suggest White House Chief of Staff Rahm Emanuel may be.
â??Anne is a great collaborator and has great people skills, which is different from the person she would be replacing,â? says the management expert. â??She is able to work with others.â?
â??When she ran Xerox,â? says a woman who knew Mulcahy as she rose through the ranks during her 33 years there, â??she would always say, itâ??s not about me, it is about the company. And she meant it. â?
During the last decade, Mulcahy was often on the same â??Top 50 Women in Businessâ? lists with Carly Fiorinaâ??the former AT&T, Lucent and Hewlett-Packard executive now running for Senate as a Republican in California.
Recalls the woman who worked with both: â??Carly Fiorina was an extrovertâ??competent, but all about me and always watching her career. Anne Mulcahy never did that. She always worried about â??Whatâ??s happening to us?â?? She always put the company first.â?
â?¢ Michael Thomas: Summers Gave Obama Cover â?¢ Niall Ferguson: Summersâ?? Brutal BrillianceBeing a novice at Washington inside back-biting, Mulcahy could be a big political benefit to Obama with her perspective of big business gained from her experiences at Xerox where she began as a field sales representative. She is a director of Catalyst, The Washington Post and Johnson & Johnson and has served on the boards of Target, Citigroup and Fuji Xerox. As Xerox CEO and chairwoman, she fended off bankruptcy while cutting jobs and simultaneously pulling off the near miracle of reviving company morale.
â??Carly Fiorina was an extrovertâ??competent, but all about me and always watching her career. Anne Mulcahy never did that.â?
â?¢ Whoâ??ll Replace Summers?After some trepidation by the Xerox board, Mulcahy became CEO of the copier company in August, 2001. When the Securities & Exchange Commission came calling about some questionable Xerox accounting that led to overstatements of profits. The new CEO instantly brought in top lawyers and settled the case in 2002, a case that handled differently could have deeply hurt the company.
12 September 23, 2010 | 7:46am Twitter Emails
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what person in their right mind would actually apply for this... job?
Will she have to get approval by Congress ? Or has Obama made Congress completely irrelevant ? No approval necessary for Elizabeth Warren ring a bell ? Something about studying Constitutional Law as a means to uphold it, or was it study ways to go around it, to circumvent it ?
Oh look. Another Obama ding. Yawn.
If you do not know how things work it might be better to keep quiet rather than look like a fool.
It was Bush that made Congress irrelevant. He made 171 recess appointments, of which 99 were to full-time positions. But keep trying, sophia.
why not give the job to Aunt Zuituna, she needs one.
Too many voters are complaining about the presidents choice of big city liberals as advisors, he is being accused of being influenced by Marxists. His image will be restored by a new staff of corporate heads whose parents were farmers.
Advisors only have value if you listen to them and they provide advice that turns out to be correct.
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