The wisdom of elders

In talking with a retired CEO who still follows credit union events, I asked how his perspective had changed.

“I don’t feel the intensity or nuances from the grind of the day to day.  . . or the tactical lust for short-term passions.”

Without an organization’s boundaries, the retiree tends to be more observant of general trends.

An example of this capability is John Tippets, who retired as CEO of American Airlines FCU in the first decade of this century. In retirement, he continued to consult in strategic planning sessions and speak at credit union events. During the 2008/9 financial crisis, he was the interim CEO for three years at the troubled North Island Credit Union, which he saved from a regulatory closure.

 

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