In this extract from “Leading through Disruption”, former Dow Chemicals CEO Andrew Liveris reveals how an attempted boardroom coup taught the new CEO a tough lesson about who he could trust.
As sheer drama, it had everything: treachery, skulduggery, cloak-and-dagger manoeuvrings, flagrant corruption, and even a Middle Eastern wealth fund.
I had no reason to suspect that thousands of miles away, in Oman, one of the two Dow executives was working with an Omani sovereign wealth fund to conduct his own breakup analysis of Dow.Weeks later , the deal instigated by the two rogue executives began to unravel. I called Jamie Dimon, who agreed to fly to Midland that night. Over the course of our extremely amicable dinner, Jamie came across as a CEO who had only just discovered his company was party to a deal he knew nothing about, one that he would in no way support.
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