Leadership Skills Under Close Scrutiny During Periods of Crisis
The April 2 edition of the REIT Report podcast featured Walt Rakowich on the topic of leadership during a time of crisis.
Rakowich became CEO of ProLogis at the height of the economic downturn in 2008 and restored the company’s finances, enabling it to merge with AMB Property Corp. in 2011 to create Prologis, Inc.
Rakowich noted that while every crisis is different, “how and why we lead is actually quite consistent.”
During a crisis, a leader needs to understand that people are watching and listening even more intently than when things are going well. “How you deal with situations, how you communicate, what you say, how you treat people—all of those things matter,” he said.