The Executive Leaders Network (ELN) is a speaker series sponsored by RIT Saunders College of Business and designed for senior executives in the western New York region. The forum facilitates networking, promotes idea sharing, and helps advance the economy of western NY. Invitations are extended to more than 750 C-level executives from leading companies in the region, including many current or potential employers of RIT graduates and co-op students. Top Saunders College students in related fields of study are also invited.
What’s it like to run a company many in Congress want to close down? During the Saunders College of Business 10th Executive Leaders Network Luncheon on Oct. 2, Timothy J. Mayopoulous, president and CEO of Fannie Mae, explained how the mortgage management giant and its smaller sibling, Freddie Mac, are critical to the national economy. “Housing finance is very important to the country, and since the Great Depression, we’ve been a mortgage lender in all times and in all markets to single-family and multifamily properties.” The event was held at Genesee Valley Club and sponsored by Toshiba Business Solutions.
Saunders welcomed Bill McDermott, co-CEO of SAP. McDermott worked locally in Rochester for 17 years at Xerox and joined SAP in 2002. SAP AG is the world leader in enterprise software and software-related services, from customer relationships to core management and operations. McDermott says technology will be one of many factors influencing future leaders. His advice is to “build a culture of trust, and never take for granted people’s confidence in you to have a bold vision and a winning strategy.”