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Essay heading: Reaction Paper on "Good to Great"
 
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Issue: Business
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Date added: November 3, 2006
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No of pages / words: 6 / 1522
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If they didn't want to go, fine; just say so. Now's the time to get off the bus, he said. No questions asked, no recriminations. In all, 14 of 26 executives got off the bus. They were replaced by some of the best, smartest, and hardest-working executives in the world of finance. With the right people on the bus, in the right seats, Maxwell then turned his full attention to the "what" question...
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He and his team took Fannie Mae from losing $1 million a day at the start of his tenure to earning $4 million a day at the end. Even after Maxwell left in 1991, his great team continued to drive the flywheel -- turn upon turn -- and Fannie Mae generated cumulative stock returns nearly eight times better than the general market from 1984 to 1999...
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