Last week, President Obama went to Cleveland to meet with small business owners to hear about their successes and setbacks. One of the prominent themes of that meeting was innovation. In his closing remarks from the forum, Obama cited multiple examples of innovation in companies he sees moving the economy forward, such as Ashlawn Energy, a company that Obama says is “poised to manufacture a next-generation energy storage system in Painesville [Ohio] that will improve efficiency.”
While we wait to see which companies will shape our future, an example of one company that transformed the U.S. economy over 100 years ago is Alcoa, the world’s leading producing of aluminum. The current head of that company, Klaus Kleinfeld, will be at Thomson Reuters tomorrow to discuss how to thrive in a new global economy as part of the Reuters Future Face of Finance Summit. But before we get ahead of ourselves, there’s a lot to learn from Alcoa’s past — and present day — success.
On March 1, Alcoa CEO Klaus Kleinfeld sits down with Global Editor-at-large Chrystia Freeland as part of our Thomson Reuters Newsmaker event “Thriving in the New Global Economy.”
WHO IS KLAUS KLEINFELD?
Kleinfeld, 53, was born in Bremen, Germany. He studied at the University of Goettingen, where he earned a master’s degree in business administration, and the University of Wuerzburg, where he gained a PhD in strategic management.
Apple COO Tim Cook stepped firmly from behind the tech company’s curtain and onto the center stage that has been the virtual sole domain of his famously inventive boss, Steve Jobs.
Jobs, Apple’s legendary CEO, is taking an indefinite medical leave and that has many pundits wondering, what’s next?
On March 1, Reuters Global Editor-at-large Chrystia Freeland sits down with McKinsey & Company Global Managing Director Dominic Barton. In anticipation of the event, here’s some helpful background on Barton and McKinsey:
Barton grew up in a small town in Canada. Out of his high school class of 200 students, Barton was one of just six to go on to attend college. Barton graduated from the University of British Columbia and went on to study at Oxford University, where he was a Rhodes scholar and received an MPhil in Economics. He came back to Canada and joined McKinsey in their Toronto office in 1986. In 2000, he was given the chance to lead McKinsey’s office in Korea and decided to take the offer despite being told by many mentors not to take it. He was so successful in his role, that in he then became the chairman of Asia, based in Shanghai, from 2004 to 2009.
It’s as if the credit crisis never happened. Despite being one of the most vilified professions on the planet, investment bankers are taking charge of some the world’s largest financial institutions. The promotions are not as barmy as they may seem. But if regulators and investors get their way, the new bosses will quickly need to learn some old-fashioned retail banking skills.
The latest name in the frame is Andrea Orcel, one of the leading contenders to take the top spot at UniCredit . If he lands the job, the Merrill Lynch dealmaker be the third investment banker to be appointed CEO of a large European lender in a month,following the promotions of Stuart Gulliver at HSBC and Bob Diamond at Barclays .
What we know for sure: they’re metallic, have one eye each and no visible feet.