Thomas Cooley On Today's Business Leaders
Thomas F. Cooley is the Richard R. West Dean and the Paganelli-Bull Professor of Economics at New York University Stern School of Business, as well as a Professor of Economics in the NYU Faculty of Arts and Science. He was appointed Dean of NYU Stern in 2002.
The former President of the Society for Economic Dynamics and a Fellow of the Econometric Society, Dean Cooley has received numerous awards for his teaching and is recognized as a national leader in both macroeconomic theory and business education. He is a widely published scholar in the areas of macroeconomic theory, monetary theory and policy and the financial behavior of firms.
Before joining NYU Stern, Dean Cooley was a Professor of Economics at the University of Rochester, University of Pennsylvania, and UC Santa Barbara. Prior to his academic career, Dean Cooley was a systems engineer for IBM Corporation. Dean Cooley received his BS from Rensselaer Polytechnic Institute, and his MA and PhD from the University of Pennsylvania. He also holds a doctorem honoris causa from the Stockholm School of Economics.
Question: Who are today’s great business leaders?
Thomas Cooley: Well, there are lots of fine leaders in American business. Many that I admire. I particularly admire Jeff Immelt. I think he's an outstanding leader. A.J. Lafley at Proctor & Gamble is noted for his leadership skills. There's a man called Doug Conant who's the CEO of Campbell's who's very interesting, articulate business leader who understands and thinks about and works on leadership as a area of interest. So there are many.
Question: Which leaders are doing important things in American business?
Thomas Cooley: Well, it's, I mean, it's not so much business leaders that are doing important-- the answer is yes, of course. But the real issue is, is American business doing important things? So I see business as being the most powerful social institution of our time. It's responsible for creating more value, more-- improving people's lives around the globe. And so it is the institution of society that has the biggest impact on well-being of people. And so there are many, many businesses that are part of that process. So I think it's wrong to focus so much on leaders, than on businesses and markets.
Thomas Cooley: Too many, too numerous to name. I mean, what businesses are doing great things? Infosys is changing the world of technology, amazon.com, Google is changing the world of advertising, Apple is changing the world of entertainment and media, just many, many of them.
Which American business leaders are doing great things? NYU's Thomas Cooley responds.
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