Chapter 8. PRINCIPLE #5: RADICAL TRANSPARENCY

 

The truth will set you free. But first, it will piss you off.

 
 --Gloria Steinem[222]

In the pantheon of the twentieth-century managers, Robert McNamara stands out: dashing, analytical, and quick. President John Kennedy called him the smartest man he'd ever met. After a brilliant career at the Ford Motor Company, of which he became head in 1960, McNamara was the U.S. secretary of defense from 1961 to 1968 and president of the World Bank from 1968 to 1981.

McNamara transformed the World Bank from a small, sleepy, financial boutique into a large, bustling, modern corporation, expanding lending more than tenfold in the course of his thirteen-year tenure. He dramatically increased the World Bank's role in ...

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