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A Wall Street wizard speaks up

WS talks to corporate titan Richard Jenrette

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in Leaders & Managers,Management Training,People Management

Richard H. Jenrette, 69, has an impressive résumé. The retired chairman, president and CEO of The Equitable Companies also co-founded Donaldson, Lufkin & Jenrette (DLJ), a large investment banking and securities firm that remains a Wall Street powerhouse.

Today, Jenrette proudly notes that DLJ employs about 8,000 people. It all started in 1960 when he and two fellow graduates of the Harvard Business School began marketing common stocks of small growth companies to a range of investors (while other securities firms focused on blue-chip stocks and bonds).

Jenrette calls himself a “contrarian manager” because he does not follow conventional wisdom in motivating people and making business decisions. In this interview with Working Smart, he elaborates on his unusual but wildly successful management philosophy.

WS: Now that you’re retired, do you read the latest management books?

Jenrette: Actually, I prefer to spend my time resto...(register to read more)

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