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Why Leaders Shouldn’t Change Course When The Seas Get Rough

Why Leaders Shouldn’t Change Course When The Seas Get Rough

By Michael Lee, President & CEO, FinDec.

According to one Swedish proverb: “Rough waters are truer tests of leadership. In calm water, every ship has a good captain.”

My father led our financial company through the housing crisis of 2008 and the aftershocks of 9/11. In my role as president and CEO of the company, I have modeled much of my leadership style after him. As I reflect on the unprecedented events of the past three years and our combined 30-plus years of leading through myriad economic adversities, I believe there are a few valuable lessons worth sharing for those who are captaining ships through turbulent times.

The reverberations from the years-long pandemic, the historic rise in inflation and the war in Ukraine have rocked every aspect of our personal and professional lives. Businesses, across all industries, have experienced extraordinary challenges resulting from supply chain disruptions, employee shortages and market fluctuations. No individual or single industry has dodged the setbacks caused by the events of the past three years.

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