Richard Davis on innovation
From Richard Davis | Make-A-Wish America President & CEO · · Andrew Moses
“If you stay anywhere too long, if you know the second curve theory, the second curve theory is as you work your way up, you get to a precipice. And if you don't re-evolve and jump the curve and do it again, you will go on down the back side of the curve because you will fail to innovate. And that's what I think happens to leaders. Average CEO in America last four and a half years.”
On , Richard Davis, Former Chairman & Chief Executive Officer at U.S. Bancorp, spoke about innovation during Richard Davis | Make-A-Wish America President & CEO on Andrew Moses.
About Richard Davis
Richard Davis, former chairman and CEO of U.S. Bank, became president and CEO of Make-A-Wish America in 2019. In podcast appearances, Davis said he retired from U.S. Bank "on purpose on time with no plans on where I would go" and described his move to the nonprofit as something he had long wanted to do. He stated he believes "no good CEO should last longer than 10" years, adding that he led the bank for 11 years only because "it took us a little longer." Davis has discussed his leadership philosophy, advising people to "set a direction, never goals" and to "never set a goal just set a direction so that it's not limiting." He said that "putting your hand up to do something demonstrates curiosity" and that doing it well "demonstrates competency." Davis currently serves on the boards of Mastercard, Mayo Clinic, Dow Chemical, Wells Fargo, the Cargill Foundation, the Twin Cities YMCA, and Scholars of Finance.