Sweet Adversity

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in review

made by the Securities and Exchange Commission — the authors say this would be a powerful reform if there were minimum ownership requirements for those making nominations. And, they add, there must be holding requirements for stock after the election and regulations to prevent hedge funds and others from controlling votes without actually being owners. While Gillespie and Zweig do a

great service by illuminating the scope of the problems of corporate boards and the limitations of proposed solutions, they do not address the larger issue of the corporation’s role in society and the implications of how that role is defined for the responsibilities of the board. In a recent article on corporate compensation, for example, the Harvard Business School professors Jay Lorsch and Rakesh Khurana observe that as re-

cently as the ’60s and ’70s, it was generally accepted that the responsibility of the corporation was to multiple stakeholders, including their local communities and the wider society. That changed to the narrower definition of sole responsibility to shareholders. If, as they suggest, the older definition were restored, this could have a significant impact on boards’ contributions to good cor­ porate governance.

Guller went on not only to survive the incident minus his eventually amputated arm, but also to overcome despair and depression to lead a team of disabled climbers to the summit of Mount Everest. Now retired as a climber, he spends his time as a motivational speaker, impressing upon his audiences what vast reservoirs of indomitability can reside in the human spirit. Guller’s is one of 10 profiles of redemption forged through adversity that form the core of David Heenan’s latest book, “Bright Triumphs from

Dark Hours” (University of Hawaii Press, November 2009). When he was a senior executive with Citigroup, Heenan closely observed how colleagues reacted very differently to the “organizational quicksand” that engulfed one particular division of the company. He was intrigued by how some people can be defeated by personal disaster and overwhelming challenges while others seem to be elevated by them. His curiosity led him to eventually write this book, which examines the lives of people who have persevered spectacularly and attempts to draw lessons from their stories. The exercise, Heenan believes, is particularly pertinent to the current social and business environments. “Life isn’t getting any easier,” he writes. “We are seeing more and more instances where talented people — quite often for reasons beyond their control — seem destined to fail. There is a significant decline in the ability or willingness of gifted men and women to tackle life’s most difficult challenges.” At first blush, there seem to be few if any real common denominators among either the personalities or situations of the people Heenan

Sweet Adversity David Heenan’s “Bright Triumphs from Dark Hours” offers raw inspiration for tough times

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n 1986, 20-year-old Gary Guller and two friends — all experienced climbers — were just 100 feet from the summit of Pico de Orizaba, the highest peak in Mexico, when disaster struck. The climber in the lead position lost his balance and fell, whiplashing all three men, who were tethered together, down the jagged, icy face of the mountain at 40 miles per hour. Coming to rest 1,500 feet below, at the edge of a steep cliff, Guller’s body was grotesquely twisted, his spine crushed, his left arm all but severed. His two friends had fared no better and as frigid night set in, the most affirmative thought the traumatized men could muster was to pledge not to let one another die alone.

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Sweet Adversity by Korn Ferry - Issuu