History has shown that one cannot legislate a culture of integrity. And yet, one of the paramount responsibilities and challenges of corporate leadership is to ensure such a culture.
Europe is difficult to coordinate, and our main deficit may not even lie in this area of finance and economics, but in foreign and security policy. We have a leadership problem because we are still 27 different members who have still not decided on how to work with each other based on what we used to call a European constitution.
Doing nothing while the middle class is hurting. That’s not leadership. Loose regulations and lax enforcement. That’s not leadership. That’s abandoning our middle class.
I think directors should be confident in their leadership capabilities. I think directors should be confident in what they want to do.
As far as Iraq, the important thing is that the Taliban is gone in Afghanistan, three-quarters of the al-Qaida leadership is either dead or in jail, and we now have Saudi Arabia working with us, Pakistan working with us.