Why an Angry CEO Is the Best CEO
Choose a leader who's never satisfied with the status quo.
"Angry?" they said. "What do you mean?"
I mean that to lead one of the country's largest child-focused charitable organizations, you have to have a fire inside you. You don't want to hire the person who eases too comfortably into the leather seat, who likes gazing out the corner-office window. You want the person who sees the suffering of so many children, and is angry because it's not getting fixed quickly enough.
I'm happy to say we've found that person. Richard R. Buery Jr. has committed his career to helping poor children, and therefore is no stranger to the statistics: 29 percent of New York City's children are living in poverty. Half of them don't graduate high school within four years. The neighborhoods with the highest rates of (juvenile) detention also have the highest levels of poverty and under-performing schools. Detention costs almost $200,000 a year for one youth, while a year in public high school costs less than $12,000 per pupil.
But to him, these aren't just numbers on a page. They are the stories lived everyday by real people. Buery grew up in one of the city's most impoverished neighborhoods. He went to Harvard, earned a law degree from Yale, and quickly decided to move back to his East New York neighborhood to start Groundwork, Inc., which works to better the lives of people living in Brooklyn's public housing projects.
His unwillingness to turn a blind eye to the problems of our city's youth proves to me that he has the commitment and motivation we need to find cutting-edge solutions to problems confronting our children.
So when looking for a CEO, don't be afraid to hire a driven one. Just look at today's Yahoo (YHOO)/ Microsoft (MSFT) news.
And don't be afraid to hire a young one. Buery is 37 years old. This is a young man whose entire career has been fueled by energy and a willingness to hear new ideas and try out novel concepts. Innovation is born in that kind of mindset.
Buery also has another asset I admire: He understands that we have a dual bottom line. Yes, maintaining and growing our endowment is crucial. We can't do what we do without those numbers on the spreadsheet.
But Buery understands that Children's Aid's real success is measured by how many youngsters' lives were improved because of our efforts. Did a child sleep in his own warm bed, instead of a city shelter? Did he find the mentor to show him the world beyond his drug-infested street corner? Did she find the inner strength to say no to the sex and drugs that will derail her future? Every time we can say yes to that question, we have improved our success rate and therefore our bottom line.
I will leave this office at the end of October knowing that we have accomplished so much while there is still so much more to do. The work will never end. There will always be a new wave of immigrants who could use a hand at their back as they tug at those bootstraps.
There will always be children who are unloved and improperly cared for. These are sad but true facts. But I am glad to know that there are young people like Buery who feel the responsibility to be stewards for the next generation.
And that is all any outgoing CEO wants: To know that the work he has done was not in vain, but rather created the foundation for the work ahead.
The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.
Copyright 2011 Minyanville Media, Inc. All Rights Reserved.
Daily Recap Newsletter