Kmart Conaway and McDonald Face SEC Charges

Within a few weeks ago, Chuck Conaway has been accused of relief. Last month, Conaway of mismanagement was acquitted by a jury. However, federal securities regulator hours Conaway and former Chief Financial Officer John McDonald, accused of financial fraud.

The regulator claims the couple seduces investors on the company's financial situation in months
to failure.

In the months before the bankruptcy, and Conaway> McDonald were firm in their demand that the company financially healthy. In addition to weekly presentations with voice-mail delivered to all employees if the company based on false information to the seller and stakeholders.

The SEC charges are specific to the financial report for the third quarter and nine months ended October 31 Published 2001. This was the report published last year before the bankruptcy filing of the company.

The SEC charges were recognized at theStakeholders, providers and retirement and career sales for pennies on the dollar, so some of the provider to file bankruptcy themselves.

Even before the third quarter results were released, they were questioning employees and stakeholders of the stability of society. Conaway and McDonald were both aware of these allegations. They either failed to investigate, or even lied.

Lack of a decision on which of two possibilities isis correct, it is assumed not to investigate them. One of the characteristics of high performance leader is to listen to the concerns of employees and suppliers, with a good dose of empathy. The leader capable of empathy with the parties involved has a competitive advantage, why take on trends early. In the case of Conaway and McDonald were the stakeholders and said: ". We see things that are causing great concern" Considerably in controlling rumors and gossip, the twoThe leaders would have found deep problems, rapid and decisive attention.

Today, organizations turn to coaches to support their leaders in the pursuit of high performance leadership. On MaxImpact, a Rochester Hills, Mich., has offered to develop leadership skills through a unique program Catapult coaching. Executive Coaches MaxImpact using grades, personality, cognitive characteristics and determine the motivation of an individual. This information isdelivered to the coach so that a
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Here are some of the successes of coaching:

= Larry was shot down and ready to chuck it all. According to the best seller in his company, was extreme, as the new Vice President of Sales frustrated. Ready to return to his old job,
his wife, knew of the catapult 1.01 is the coaching program. Theirencouraged him to start the program and its follow-through was remarkable. Changed in a few sessions, the behavior of Larry was, as he regained the desire to be successful business. Six months later he completed the program and his department has had a double-digit increase in sales and almost reached its capacity. Larry says that the fire is back in his belly, and he "hopes to work every day."

= Tobi struggled to hit the goals for their business. Although drainedCapital and energy, he never stopped believing he could be a success. When their dreams fade behind the need for money, she took a step of faith and began Catapult. Within two sessions, has identified a way to find short-term business with them through a long sales cycle funds. Polly is more, their goals, which have reoriented to take advantage of his new abilities and determination.

= Marc was disappointed that some of its major customers losthad accounted for its early successes. He realized that he needed to refocus its activities and to revive the fuel that had been a success. By understanding the motivations and skills, has developed a new business plan. With his talent and energy, Frank's business goals have been exceeded every aspect.

Andy = Business was okay, but the story seemed to be the great escapes of him constantly. In only took a couple of sessions Catapult to give an understanding of himself and the business AndySkills to land a big sale.

= Gary struggled to get his team that he shares the vision for the company. Its profit margins prevented the close approach services, such as maintenance. This also frustrates the
more, as his team was not even take out the trash. During his coach Frank learned to draw the talent of his team. Even if it is not maintenance, it was after his first two weeks of the Catapult Frank never take out the trashagain!

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