This Wednesday our speaker is Dan Mudd. During preparation of this class, I read a few documents/interviews about Dan, wondering how he could have guts to come here, based on his last records in Fannie Mae. Even through the entire evening with what he presented, talked and was questioned by sloaners. I do not know how to position my view, but certainly know little bit better about how complex role he was in and got himself into. no matter what, I view this as a learning way. At one moment, Dan was caught in such unpleasant questioning, how he handled was quite well. One thing strucked to me was that, he responded that he does not regret any of his decision as he tried his best with the knowledge and data he received to make the best decisions at that moment. Sure, that is much easy for us to question the history, pinpoint the stupidity/fortunate of certain decisions. The question for me to ask is, if you were CEO in that position, with congress and market pressures, what decisions will you make(important, pretend that you do not know what happened in the market in 2008.) in fact, we could never pretend the things/decisions which we do not have a chance to do, only remind us that we should do our best, not leave any room for us to regret.
Back to the class, a few what Dan said I agreed, some disagreed. He, now is CEO for Fortress Investment Group.
-- His model of being a CEO: leaders who lead, keep healhty culture (accept bad news and being lion tamer), keep principle -- Focused Disc., and relentless deadlines
-- mentioned a book
-- explain how Fannie Mae is created, the relationship between congress and market (I have never knew this part of history, quite eye-opening)
-- Everyone should be fired once through his career.
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