THE BUZZ: On Tuesday May 7th, 2013, I attended a reception and discussion at the Harvard Club of New York for Frank Savage’s new book, The Savage Way: Successfully Navigating the Waves of Business and Life. I had the pleasure of sitting next to Loida Lewis, wife of the late business great Reginald F. Lewis – both long-time friends of Mr. Savage.
Frank Savage is a pioneer on many fronts. As a man of color, he rose to the heights of global banking and finance, and became a renowned international sailboat racer. I met him a little over 10 years ago through my friend, Norman B. Hall. We had the pleasure of sailing on his 50-foot boat with former Comptroller of New York State Carl McCall and his wife Dr. Joyce Brown from Martha’s Vineyard to Nantucket for an afternoon. It sparked my love of boats and being on the water.
During the course of his career, Mr. Savage saw first-hand how greed and self-interest became the mantra of Wall Street. He was previously the chairman of Alliance Capital Management International, with more than $420 billion in assets, and served on the boards of Lockheed Martin, Qualcomm and Enron.
He spoke of his early heyday of successes and international travels for business, and then the darker times having to deal with the Enron scandal as a board member. In addition to being the largest bankruptcy reorganization in American history at that time, Enron was attributed as the biggest audit failure.
Currently, he is CEO of Savage Holdings LLC and serves on several boards, including Bloomberg LP and the New York Academy of Medicine. The book is brimming with helpful lessons and is an inspiration for anyone in business and particularly people of color who are looking for successful role models.
Contributed by Teresa Kay-Aba Kennedy, Ph.D., MBA.
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