Bank of America CEO Moynihan Values Calmness in Leadership

Bank of America CEO Brian Moynihan has navigated the institution through significant challenges, including two economic crises, a global pandemic, and over a decade of market and political volatility. Through these experiences, he has identified a key trait he values most in leaders: the ability to provide energy and calmness during high-pressure situations.

Moynihan emphasizes the importance of being an "energy giver" rather than an "energy taker." He believes that in moments of stress, people need clarity and level-headedness. While leaders may feel nervous internally, they must project calmness to inspire their teams. This steadiness is crucial for effective leadership, especially at scale. Moynihan looks for this trait when hiring executives, observing how they behave under pressure. Those who remain calm and focused are more likely to succeed in leadership roles.

Moynihan's leadership philosophy is rooted in discipline, execution, and forward motion. He advocates for a problem-solving mindset that focuses on finding solutions rather than dwelling on past mistakes. This approach is not just about making decisions but also considering the impact on those who will execute them. Moynihan's own leadership style was influenced by his background in team sports, legal training, and working with individuals who started their careers on the front lines of banking. He recalls a colleague who challenged a proposed idea by asking, "What would it feel like to actually have to do this?" This reminder underscores the importance of considering the practical implications of decisions.

Moynihan believes that while leadership cannot be taught, it can be developed and refined. He acknowledges that some people are naturally inclined to lead in both good and bad times, while others may struggle with this responsibility. When asked if leadership feels like a comfortable sweater for him, Moynihan smiles and acknowledges that it does. This comfort in leadership is a testament to his ability to navigate challenges and inspire his team.