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Frank Fountain and Paula Banks: Corporate Power

Women and people of color face unique challenges in acquiring power and influence in corporations. Read the following chapter:

Cracking the Corporate Code
The Revealing Success Stories of 32 African-American Executives
By Price M. Cobbs, Judith L. Turnock

What did Frank Fountain and Paula Banks do to acquire corporate power and influence?

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Frank Fountain worked on building supportive peer relationships in his early years at Chrysler.This helped him a lot to acquire corporate power. Whenever a relatively young man was appointed CEO, Fountain noticed that there was always a close association with an important company executive. Fountain doubted he would ever have that kind of personal support and so he decided to create his own support network.

He got together six or seven people of the same level but in different finance departments whom he had got to know through work assignments, and had confidence in them. He thought by getting together and communicating with people having potential and by sharing information all of them would gain a lot. Once in a month they all used to go to a very good restaurant, probably a little upscale from what they would ordinarily be able to afford, to have a formal dinner. They traded information and talked about openings in their departments, departmental politics, and so forth. When the new controller from Ford put together the team to run his reconstituted group, almost all his friends met up again.

Sharing information and pushing each other enhanced the performance of all members. They learned about successful operating ...

Solution Summary

This response discusses the challenges of racism in corporations and looks specifically at the Frank Fountain and Paula Banks case study.