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The Edge for July 2024

An Exclusive Article for NJ ChamberEdge

This Month's ChamberEdge Contributors

It’s summer reading season, so we asked business executives to share with us the books that have motivated and inspired them, along with the lessons they gained. Here is what they said.

 

Amy MansueCrucial Conversations Require Effective Communications

The book “Crucial Conversations,” by Joseph Grenny, is a ‘how-to’ on the power of effective communication, especially in high-stakes situations. We must create a safe space for dialogue, manage emotions, and focus on mutual goals. By mastering these skills, difficult conversations can be navigated with confidence, fostering trust and collaboration. This approach is vital in health care, where clear, compassionate communication can significantly impact patient outcomes and team dynamics.

– Amy B. Mansue, President and CEO, Inspira Health

 

Michael BernsteinBecoming a Leader is a Decision, Not an Inclination

I recommend a 2022 book on executive roles called “Leadership is Overcoming the Natural: 52 Maxims to Move Beyond Instinct” by Joe Judge and Michael Merrill. It focuses on the personal changes necessary to become and remain a successful leader. As Judge and Merrill put it, “becoming a leader is a decision … not necessarily the fulfillment of a natural inclination or a promotion.” That crucial insight enables the authors to guide the reader in understanding the significant, challenging, and fundamentally necessary behavioral and attitudinal transformations any good leader must embrace. I was so impressed with the insights, that now, whenever a new colleague joins our senior leadership team, I provide them a copy of the book.

– Michael A. Bernstein Ph.D., President and Professor of Economics and History, The College of New Jersey

 

Carolyn WelshThe Answers to Our Challenges Are There, If We Are Open To Hearing Them

“It's Your Ship” by Captain D. Michael Abrashoff transformed my leadership approach by emphasizing trust and open communication. The book shares experiences in turning around a struggling Navy ship by empowering the crew, and fostering a culture of accountability. I love the principle of “all teach, all learn.” I empower my team by listening to their honest insights. We discovered that the answers to many of our challenges are in the room if we are open to hearing them. This philosophy has led us to say ‘YES’ to every opportunity to support our lifesaving mission, resulting in five consecutive years of organ donation records.

– Carolyn M. Welsh, President and CEO, NJ Sharing Network

 

Nick MalefytCustomer Contacts are Powerful Moments of Truth

“The Power of the Obvious” by Aldo Papone is a hidden gem full of lessons from Aldo’s 30-year tenure at American Express. The lessons that resounded the most with me are in Chapter 5, “Relationships Matter Most of All.” Papone writes that customer contacts are powerful moments of truth; customer retention is a business-building strategy; and technology can never completely replace human contact.

– Nick Malefyt, President, Master Search Solutions

 

Dennis ToftLearn How We Got Here

The most meaningful business-related book I have read recently is “Silent Spring Revolution” by Douglas Brinkley. The book explores the history of the environmental movement through the Kennedy, Johnson, and Nixon administrations. As an environmental attorney, it is invaluable to know the background of many of the environmental laws that we deal with every day. The book also shows how environmental regulation is often reactive, and that it is better to act proactively to address the environmental issues of 2024 and beyond. Anyone interested in the environment and the politics of environmental issues will find this book to be enlightening.

– Dennis M. Toft, Member & Chair, Environmental Law, CSG Law

 

Ryan GoodwinTrust Permeates Every Aspect of Our Lives

“The Speed of Trust: The One Thing That Changes Everything,” by Stephen M.R. Covey, has helped me understand how trust permeates every aspect of our lives. As Covey explains, trust often begins with communication. I apply Covey’s lessons by seeking to gain the trust of my clients by being responsive, zealously advocating, showing empathy, listening, managing expectations, and providing honest and clear-eyed assessments of the strengths and shortcomings of their cases. I build and earn trust with my clients so that I can best represent their interests and help reach their objectives.

– Ryan P. Goodwin, Director, Business & Commercial Litigation Group, Gibbons P.C.

 

Paul DiMaioThe Importance of Treating Each Other Well

The book “The Happiest Man on Earth” by Eddie Jaku profoundly impacted my approach to career, life, and family. It tells the true story of a Holocaust survivor who faced unimaginable brutality from the Nazis in the 1940s. Despite enduring beatings, starvation, and concentration camps, Jaku never lost his will to live, love, and help others. His unwavering faith in humanity amidst extreme inhumanity inspires me. Whenever I feel like complaining, I remember his story and realize my issues are minor. This book grounds me, fosters appreciation, and underscores the importance of treating each other well.

– Paul DiMaio, Senior Vice President, General Counsel, and Chief Administrative Officer, Delta Dental of New Jersey

 

Responses for this article were edited for space and clarity.

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Newsmakers

Shannon Lazare

Shannon Lazare has been named M&T Bank’s New Jersey regional president, succeeding Tom Comiskey in the role. Lazare, who joined M&T in 2013 as a senior relationship manager with business banking, has held the role of regional manager since 2019.


Karen McClendon

JCP&L parent company FirstEnergy Corp. announced that Karen McClendon has been named senior vice president and chief human resources officer, effective Nov. 11.


Prudential Financial said Jacques Chappuis has been appointed president and CEO of PGIM, the global asset management business of Prudential Financial, effective May 1, 2025. He succeeds David Hunt, who will retire as president and CEO and stay on as chairman of PGIM until July 31, 2025. With nearly 30 years of investment management experience, Chappuis joins PGIM from Morgan Stanley, where he was co-head of Morgan Stanley Investment Management.


World Cup sponsor Bank of America teamed with FIFA for a second time, signing on as a sponsor for the Club World Cup tournament. Bank of America became FIFA’s first global banking partner in August and sealed a separate deal for a second event also being played in the U.S.


NJIT’s Institute for Space Weather Sciences has been awarded a $5 million NASA grant to open a new research center dedicated to developing the next generation of solar eruption prediction capabilities — powered by artificial intelligence.


Former New Jersey Health Commissioner Judith Persichilli and former PSEG Chair and CEO Ralph Izzo are among a group of six leaders who will join the Hackensack Meridian Health Board of Trustees.


PSE&G was among the honorees at the New Jersey Department of Environmental Protection's 43rd annual Recycling Awards, for its work to make the state a cleaner and safer place. Public Service Electric & Gas (PSE&G) is dedicated to recycling or reusing nearly all the waste it generates, the DEP said.


Kenvue is continuing to chart its own course in the Garden State after being spun out from Johnson & Johnson in 2023. Earlier this year it broke ground on a new global headquarters in Summit. Kenvue, which currently resides in Skillman, will employ some 3,000 employees at the new home base, a 290,000-square-foot campus, including a 100,000-square-foot extension for a state-of-the-art Science and Innovation Lab. The company is expected to open the new headquarters in the first quarter of next year – and be fully moved in by 2026


South Jersey Industries, in recognition of Giving Tuesday, announced it is partnering with its employees to donate more than $350,000 in support to local, regional, and statewide community-based organizations.


The American Water Charitable Foundation, established by Camden-based American Water, kicked off Giving Tuesday by awarding a $100,000 grant to Feeding America, helping to end food insecurity. It also provided American Water employees with a $100 reward to donate to eligible charities of their choice.


From a small 12-bed house to a nationally recognized 339-bed regional medical center with locations throughout Central New Jersey, Robert Wood Johnson University Hospital Somerset, an RWJBarnabas Health facility, recently celebrated 125 years of providing health care to its community. The hospital was incorporated on Dec. 6, 1899.


Organ transplant recipients, living donors, and donor families from N.J, N.Y., and Connecticut gathered at MetLife Stadium to celebrate their achievements at the 2024 Transplant Games of America held in Birmingham, Alabama. The group, known as Team Liberty, brought home 118 medals in events such as basketball, track & field, swimming, pickleball and cornhole. They competed against thousands of participants from all 50 states. Team Liberty, a program of the Sharing Network Foundation, works year-round to raise awareness about the importance of organ and tissue donation and transplantation.


Santiago Tenorio

Basking Ridge-based Verizon Communications has appointed Santiago "Yago" Tenorio as chief technology officer and senior vice president of strategy and technology enablement. Tenorio will lead Verizon’s work in advancing 5G and mapping out the next generation of technologies.