Any jerk can have short-term earnings. You squeeze, squeeze, squeeze, and the company sinks five years later.

You talk about seeing around corners as an element of success. That's what differentiates the good leader. Not many people have it. Not many people can predict that corner. That would be a characteristic of great leaders.

Public hangings are teaching moments. Every company has to do it. A teaching moment is worth a thousand CEO speeches. CEOs can talk and blab each day about culture, but the employees all know who the jerks are. They could name the jerks for you. It's just cultural. People just don't want to do it.

Don't make the process harder than it is.

I think the move by Mr. Greenspan was welcomed by everyone here.

As leaders, we owe it to every employee to let them know where they stand in the organization.

You measure your people and you take action on those that don't measure up.