It was no surprise to me when the National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling found the management of BP and two of its contactors, Transocean and Halliburton, at fault for their missteps, which played an integral part to the deaths of 11 rig workers and the worst offshore oil spill in U.S. history.
Leaders are defined by the choices they make and how they react in moments of crisis. Clearly, in this instance, the management of these companies looked at their bottom line and were blinded by greed and stupidity and did not do their due diligence in assessing and analyzing risk.
Their foolish, short-sighted decisions have left a void in the 11 families who lost their loved ones and local economies that base their livelihood on the environment struggling.
I decided to have a discussion on leadership with Sydney Finkelstein, Steven Roth Professor of Management at the Tuck School of Business at Dartmouth College.