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	<title>AW WebBiz &#38; Social Media Blog &#187; McKinsey &amp; Company</title>
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		<title>Good News &amp; A First &#8211; Chief Performance Officer Nancy Killefer</title>
		<link>http://www.advancingwomen.com/wordpress/good-news-a-first-chief-performance-officer-nancy-killefer/</link>
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		<pubDate>Wed, 07 Jan 2009 17:10:05 +0000</pubDate>
		<dc:creator>Gretchen Glasscock</dc:creator>
				<category><![CDATA[Jobs, Employment, Career Strategies]]></category>
		<category><![CDATA[leadership]]></category>
		<category><![CDATA[Level The Playing Field In The Political Arena]]></category>
		<category><![CDATA[leveling the playing field for women in jobs and careers]]></category>
		<category><![CDATA[leveling the playing field for women in politics]]></category>
		<category><![CDATA[McKinsey & Company]]></category>

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		<description><![CDATA[I think it should be pretty clear by now that our U.S. government could perform a lot better.  To say the least. And one of the things which has often kept change from happening is that &#8220;good old boys&#8221;, the entrenched and entitled, are often fond of the &#8220;status quo&#8221;, whatever that may be.  It&#8217;s [...]]]></description>
				<content:encoded><![CDATA[<p>I think it should be pretty clear by now that our U.S. <a class="zem_slink" title="Federal government of the United States" rel="wikipedia" href="http://en.wikipedia.org/wiki/Federal_government_of_the_United_States">government</a> could perform a lot better.  To say the <img class="alignright" src="http://i2.cdn.turner.com/cnn/2009/POLITICS/01/07/transition.wrap/art.killefer.02.gov.jpg" border="0" alt="Barack Obama has selected Nancy Killefer to be his CPO, according to two Democratic officials." width="292" height="219" />least.</p>
<p>And one of the things which has often kept change from happening is that &#8220;good old boys&#8221;, the entrenched and entitled, are often fond of the &#8220;status quo&#8221;, whatever that may be.  It&#8217;s what has kept them in office and empowered, and, lately, digging a deeper financial hole for ourselves.  A trillion dollar hole,  we now are discovering, with other trillions of dollars of debt to come.  <em>Not a very good performance review.</em></p>
<p>So, when someone mentions &#8220;change&#8221;, I&#8217;m all for it.  I&#8217;m particularly for it when &#8220;change&#8221; may be embodied and spear headed by a particularly capable woman.</p>
<p><a href="http://www.cnn.com/2009/POLITICS/01/07/transition.wrap/index.html">Obama to tap new position- CNN.com</a>.</p>
<p>That&#8217;s why, when I see President-elect Obama has created a new position, &#8220;chief performance officer,&#8221; to work on the federal budget and on reforming government, and is selecting a woman with credentials as long as your arm for the job, I am both relieved and glad to hear it.</p>
<p>The woman selected is Nancy Killefer, a senior director for <a class="zem_slink" title="McKinsey &amp; Company" rel="homepage" href="http://www.mckinsey.com/">McKinsey</a> &amp; Company,management consulting firm and former assistant secretary of the treasury in the Clinton administration.</p>
<p>Nancy Killefer is a senior director in the Washington, <a class="zem_slink" title="Washington, D.C." rel="geolocation" href="http://maps.google.com/maps?ll=38.8951111111,-77.0366666667&amp;spn=0.1,0.1&amp;q=38.8951111111,-77.0366666667%20%28Washington%2C%20D.C.%29&amp;t=h">D.C.</a> office of McKinsey &amp; Company, Inc. and a leader of of their Public Sector Practice, specializing in developing strategies and improving organizational effectiveness for government clients.</p>
<p><strong>Killefer</strong><strong> has the credentials</strong>, <strong>big time.</strong></p>
<p>After receiving  a B.A. with honors in economics from <a class="zem_slink" title="Vassar College" rel="geolocation" href="http://maps.google.com/maps?ll=41.6868666667,-73.8951888889&amp;spn=1.0,1.0&amp;q=41.6868666667,-73.8951888889%20%28Vassar%20College%29&amp;t=h">Vassar College</a> and her <a class="zem_slink" title="Master of Business Administration" rel="wikipedia" href="http://en.wikipedia.org/wiki/Master_of_Business_Administration">M.B.A.</a> from the Sloan School of the Massachusetts Institute of Technology, Killefer joined McKinsey in 1979. McKinsey, by the way, was once again named by <span style="font-style: italic;">Working Mother</span> magazine as one of the &#8220;100 Best Companies&#8221; for working mothers. So, Killefer has selected an employer that offers a supportive environment for women, leading by example.</p>
<p>From 1997 to 2000, Killefer served as <em>Assistant <a class="zem_slink" title="United States Secretary of the Treasury" rel="wikipedia" href="http://en.wikipedia.org/wiki/United_States_Secretary_of_the_Treasury">Secretary</a> for Management, <a class="zem_slink" title="Chief financial officer" rel="wikipedia" href="http://en.wikipedia.org/wiki/Chief_financial_officer">CFO</a>, and COO at the <a class="zem_slink" title="United States" rel="geolocation" href="http://maps.google.com/maps?ll=38.8833333333,-77.0166666667&amp;spn=10.0,10.0&amp;q=38.8833333333,-77.0166666667%20%28United%20States%29&amp;t=h">United States</a> Department of the Treasury.  In addition to overall management responsibilities for Treasury&#8217;s 14 bureaus and 160,000 people, she led a major modernization at the <a class="zem_slink" title="Internal Revenue Service" rel="homepage" href="http://www.irs.gov">Internal Revenue Service</a>, prepared Treasury&#8217;s systems for Y2K, and reshaped management processes, including installing an asset management program across the <a class="zem_slink" title="United States Department of the Treasury" rel="homepage" href="http://www.ustreas.gov/">Treasury Department</a>.</em></p>
<p>After returning to McKinsey in 2000, <em>she joined the IRS Oversight Board, a public-private entity akin to a corporate board that oversees the IRS.  She served there from 2000 to 2005 and was its Chairperson from 2002 to 2004.</em></p>
<p><strong>Yep.  Ms. Killefer</strong><strong> knows how to manage people and money. </strong></p>
<p><strong>Evidently, she knows how to slice through bureaucracy to do it.</strong></p>
<p>We get it. She&#8217;s good.  That should always be the first bar.  But we can see that it often hasn&#8217;t been. Performance during the Katrina crisis and other such catastophic failures show us that selecting from &#8220;the old boy&#8217;s club&#8221; is a dicey proposition, a gamble that often does not pay off.  And, when it fails, it takes us all down with it.  Two wars and a recession, simultaneously, offer further evidence that this criteria for leadership is deeply flawed.</p>
<p><strong>But Nancy Killefer offers a lot more than her abilities.</strong></p>
<p><strong>She brings her values.</strong></p>
<p><strong>Killeferis&#8217; public service </strong>gives us a<strong> </strong>glimpse us into her values.</p>
<p>Killeferis<strong> </strong>serves on The Retirement Security Project, which released a paper recently on “<a href="http://www.retirementsecurityproject.org/pubs/File/RSP-PB_Women_FINAL_4.2.2008.pdf%20">Retirement Security for Women: Progress to Date and Policies for Tomorrow</a>.” With half of all working women, due to lower wages and time off for child birth, saving an estimated $34,000 in IRA or 401(k)-style saving accounts, as compared to an estimated $70,000 for men, this paper offers an array of policy solutions aimed at closing the saving gap between men and women.<strong> </strong></p>
<p><strong>Ok.  Ms. Killeferis is concerned about working women and the economic policies affecting them.</strong></p>
<p><em>Even more convincing proof of Ms. Killeferis&#8217; values and priorities is her service on the Board of Advisors of <a href="www.catalyst.org%20"> Catalyst.</a> Catalyst is a premier organization which seeks to level the playing field for women by setting benchmarks and working with Fortune 500 and other companies to support them in achieving those goals.</em></p>
<p>(Catayst was founded at the beginning of the modern U.S. women&#8217;s movement and declared it was &#8220;time to fix the companies, not the women&#8221;. One of their research papers, released in 2005, for example, was <a href="http://www.catalyst.org/publication/94/women-take-care-men-take-charge-stereotyping-of-us-business-leaders-exposed"><em>Women “Take Care,” Men “Take Charge:” Stereotyping of U.S. Business Leaders Exposed</em></a> )</p>
<p><strong>We don&#8217;t know very much about </strong><strong>Nancy Killeferis yet.  But we like what see.  And <em>this </em>is change we can believe in.<br />
</strong></p>
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