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Investment Banker Welcomes Back Humility with Bold Caution

Posted by Bob Brin on October 16, 2009 at October 16, 2009 11:58 AM

We've covered humility in this blog as a characteristic of an approachable brand. Mark Sheffert, Chairman and CEO of Manchester Companies, which is in the business of investment banking, wrote an open letter to Humility this week and welcomed it back to the banking and securities world. However, the teaser e-mail implies he's not ready to throw a welcome party as recent news shows some execs still need a little humility upside their heads:

Why can't these executives understand the rage that their greed is causing among politicians and the public? I suppose if executives take their company jets to Washington to ask Congress for support money, and AIG takes almost $180 billion in bailout money then throws a $450,000 party to celebrate getting it, nothing should surprise me anymore.

I like Sheffert's style. Humility can be bold . . . refreshing even. Banking and securities firms should give it a try.

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