The Power of We

Hotelier Jonathan Tisch has little but contempt for the slash-and-burn business leaders of the ’90s. Now-disgraced CEOs such as Sunbeam’s Al Dunlap, Tyco’s Dennis Kozlowski and Enron’s Jeff Skilling embraced a new form of libertarianism, running their companies to enrich themselves. Tisch, head of the Loews Hotels chain, touts a different kind of capitalism, in which companies embrace the idea of cooperation and partnership instead of a strategy of winning at all costs. Tisch offers a compelling argument that this kinder and gentler approach is more profitable in the long run. He includes plenty of very interesting examples of partnership at his own company, although these tales can seem a bit self-serving. getAbstract.com recommends this intriguing title to managers who are interested in profits, but not profits at any cost.