86 Views

Leaders need humility, empathy: Bank of England’s Carney

© Reuters. Bank of England Governor Mark Carney speaks during the central bank's quarterly inflation report press conference in the City of London© Reuters. Bank of England Governor Mark Carney speaks during the central bank’s quarterly inflation report press conference in the City of London

LONDON (Reuters) – Successful leaders need to show humility and empathy among other virtues to win the trust of citizens who see globalization as creating inequality and low wages, Bank of England Governor Mark Carney said on Monday.

“While you should always marshal your facts, you must engage people’s intuitions and win their trust in order to convince them. Do this through empathy,” Carney told an event hosted by London’s Regent’s University and Christian think tank Meditatio.

Social media had made people more divided, an in advanced economies many people were mistrustful of globalization and multinational companies, the former Goldman Sachs (NYSE:GS) banker said.

“Every technological revolution mercilessly destroys jobs and livelihoods – and therefore identities – well before the new ones emerge,” he said.

The Canadian is due to step down as governor at the end of June 2019, and Britain’s government is expected to name his successor later this year.

“Do not confuse your leadership role with yourself or become addicted to the status and privileges of powers,” he advised. “If possible – although it’s a bit late for me – take a cue from Cincinnatus and Washington, and leave before you are asked.”

sponsoredArticle = ‘div-gpt-ad-1466339494851-0’;

Get the best viral stories straight into your inbox!

Don't worry, we don't spam

Latest Posts

Factbox: Trump on Twitter (February 7) – Korea, FBI, Budget
Politics
219 views
Politics
219 views

Factbox: Trump on Twitter (February 7) – Korea, FBI, Budget

WPUser - March 2, 2018

© Reuters. U.S. President Trump delivers speech after touring Sheffer Corporation in Blue Ash, Ohio The following statements were posted to the verified Twitter accounts of U.S. President…

Economics
189 views

President Trump’s Economic Policies Show He’s Still “King of Debt”

WPUser - March 2, 2018

Investing.com - President Trump proudly considered himself the "king of debt" during his days as a businessman, and he has already earned that moniker as president. The…

White House senior aide to resign following abuse charges
Politics
181 views
Politics
181 views

White House senior aide to resign following abuse charges

WPUser - March 2, 2018

© Reuters. FILE PHOTO: Porter hands document to Trump during signing ceremony in the Oval Office in Washington WASHINGTON (Reuters) - U.S. White House staff secretary Rob…

Russia set for rating review by S&P, Fitch, upgrade in prospect
Economics
163 views
Economics
163 views

Russia set for rating review by S&P, Fitch, upgrade in prospect

WPUser - March 2, 2018

© Reuters. View shows Russian rouble coins and banknote By Andrey Ostroukh MOSCOW (Reuters) - Russia may get a long-awaited upgrade to its sovereign ratings this week…

U.S. senators express optimism about NAFTA after Trump meeting
Politics
217 views
Politics
217 views

U.S. senators express optimism about NAFTA after Trump meeting

WPUser - March 2, 2018

© Reuters. Senator Orrin Hatch (R-UT) arrives for a vote after the Senate reached an agreement to end the shut down of the federal government on Capitol…

Global regulators neutral on new rules for ‘hyped’ fintech
Economics
195 views
Economics
195 views

Global regulators neutral on new rules for ‘hyped’ fintech

WPUser - March 2, 2018

© Reuters. Global regulators neutral on new rules for 'hyped' fintech By Huw Jones LONDON (Reuters) - Global banking regulators signaled on Monday they were in no…

Sharp increase in reports of sexual assault at elite U.S. Army academy
Politics
249 views
Politics
249 views

Sharp increase in reports of sexual assault at elite U.S. Army academy

WPUser - March 2, 2018

© Reuters. Sharp increase in reports of sexual assault at elite U.S. Army academy WASHINGTON (Reuters) - There was a sharp rise in reports of sexual assault…

Fourth tranche of aid to Greece should be decided on Monday: France
Economics
230 views
Economics
230 views

Fourth tranche of aid to Greece should be decided on Monday: France

WPUser - March 2, 2018

© Reuters. French Finance Minister Bruno Le Maire attends a conference on "Transforming France’s Economy and Completing the Integration of the Eurozone" in Paris BRUSSELS (Reuters) -…

Senate panel sets confirmation hearing for four FTC nominees
Politics
198 views
Politics
198 views

Senate panel sets confirmation hearing for four FTC nominees

WPUser - March 2, 2018

© Reuters. The Federal Trade Commission building is seen in Washington By Diane Bartz WASHINGTON (Reuters) - The U.S. Senate Commerce Committee set confirmation hearings next week…

Australia says open to UK joining Pacific trade group after Brexit
Economics
183 views
Economics
183 views

Australia says open to UK joining Pacific trade group after Brexit

WPUser - March 2, 2018

© Reuters. Australian Foreign Minister Bishop addresses the 72nd United Nations General Assembly at U.N. headquarters in New York By Andy Bruce LONDON (Reuters) - Australia said…