Presidential Leadership Lessons for the Business Executive
Tom Fox
34 episodes
9 months ago
Who are our greatest Presidents? What lessons can the modern-day business leader learn from our 47 Chiefs of State? In this podcast series with Tom Fox and Richard Lummis, you will delve into the great and great presidents and mine their successes and failures for today’s business executives.
All content for Presidential Leadership Lessons for the Business Executive is the property of Tom Fox and is served directly from their servers
with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
Who are our greatest Presidents? What lessons can the modern-day business leader learn from our 47 Chiefs of State? In this podcast series with Tom Fox and Richard Lummis, you will delve into the great and great presidents and mine their successes and failures for today’s business executives.
Leadership Lesson from Andrew Jackson and Veto of the Second Bank Charter
Presidential Leadership Lessons for the Business Executive
14 minutes
3 years ago
Leadership Lesson from Andrew Jackson and Veto of the Second Bank Charter
In this episode, we consider the leadership lessons which can be drawn from our 7th President Andrew Jackson. We focus largely on the crisis surrounding the charter of the Second National Bank of the United States, which played out over 5 years from 1831 to 1836. This conflict pitted Jackson against most the nation’s political and financial elites, most prominently Nicolas Biddle, the President of the Bank. However, the great politicians of the day, including Henry Clay and Daniel Webster were lined up against President Jackson as well.
The crisis came to a head in the summer of 1832 when both the House and Senate passed a bill renewing the Charter of the Second Bank of the US early. Not only did Jackson veto the bill and give one of the most memorable veto addresses of any President, he then took on Biddle directly by removing first removing persons in the administration and government who were pro-Bank and pro-Biddle. In the coup de grace for the Bank, Jackson the gold species from the Bank and moving into state banks across the country. Jackson won the battle completely. His actions were not without negative consequence as the distribution of the species across the country led to rampant inflation and the Panic of 1837. However, by that time, Jackson had departed the Presidency and the fallout was left to his successor Martin Van Buren.
Presidential Leadership Lessons for the Business Executive
Who are our greatest Presidents? What lessons can the modern-day business leader learn from our 47 Chiefs of State? In this podcast series with Tom Fox and Richard Lummis, you will delve into the great and great presidents and mine their successes and failures for today’s business executives.