Q. Tell me about the culture of your company.
A. We talk a lot about stories. They’re a really important part of how we teach and reinforce the culture, and how we reward behavior. Maybe it’s because I came out of the entertainment industry. If you had talked to me about a project when I was at Republic Pictures, I would have said it’s about story. With movies, if you don’t have a great script, forget it.
One of the things I noticed at City National is that we have a lot of great stories to tell. If you look up City National, one of the stories you will see is the story of Frank Sinatra’s son who was kidnapped. The first C.E.O., Al Hart, was a real friend of Frank Sinatra’s and famously opened the vault on a Saturday and got the ransom money. That happened in the early ’60s, but people are still telling that story. It’s a source of pride.
[Image credit: Librado Romero/The New York Times]
Via Gregg Morris