Event Detail

February Book Club Meeting (Ended)

Discuss: The Gray Rhino: How to Recognize and Act on the Obvious Dangers We Ignore Michele Wucker

Date, Time, and Location:
Tuesday, February 21, 2017 (add this event to your Outlook Calendar)
4:00 pm - 5:30 pm
CFA Society Chicago, 33 N. LaSalle St., Suite 910, Chicago, IL  60602   (Driving Directions)

Meet local authors, explore and debate timely industry events and get to know like-minded financial literature enthusiasts. The CFA Society Chicago Book Club embraces discussion of a wide range of themes in the informal environment provided by the book club. From tried and true classics to cutting-edge industry ideas, well-known leaders and niche topics in between, we have something for everyone.

Michele Wucker, author of The Gray Rhino: How to Recognize and Act on the Obvious Dangers We Ignore, will be in attendance to discuss her book!

Participants will:
Discuss The Gray Rhino: How to Recognize and Act on the Obvious Dangers We Ignore by Michelle Wucker

  • Learn why decision makers -from corporate leaders to investors to individuals- downplay, neglect, or outright ignore obvious, high probability risks and fail to act in time to avoid the high costs that result.
  • Hear examples of how highly obvious "gray rhino" problems escalate through five stages, and the strategies to counter them at each stage.
  • Learn how to use the gray rhino concept to motivate people and help them to make better decisions
  • Michele Wucker is the CEO of Gray Rhino & Company, which helps decision makers to strategically counter risks that are neglected despite -and all too often because of- their significance and likelihood. Senior business leaders and policy makers around the world regularly turn to the insights in her third book, THE GRAY RHINO: How to Recognize and Act on the Obvious Dangers We Ignore (St Martin's Press, 2016). A former financial journalist who spent three decades in think tank and media leadership positions, she has developed and applied expertise in turnarounds, strategy, organizational dynamics, and crisis anticipation and management. She has delivered keynote addresses and led workshops and panel discussions on five continents and has been recognized as a Young Global Leader of the World Economic Forum and a Guggenheim Fellow. For more information, visit The Gray Rhino. When she is not traveling, Michele lives and works in Chicago's Uptown neighborhood.

    Book summary: Have you noticed how many of the corporate scandals and crises in the headlines these days erupt after a series of obvious warning signals that companies should have heeded? This kind of highly probable danger is the "gray rhino" of Michele Wucker's acclaimed new book, THE GRAY RHINO: How to Recognize and Act on the Obvious Dangers We Ignore. A “gray rhino” is a highly probable, high impact yet neglected threat: kin to both the elephant in the room and the improbable and unforeseeable black swan. Gray rhinos are not random surprises, but occur after a series of warnings and visible evidence. Why do some decision makers see a highly probable threat coming at them and let their organizations get trampled, while others act in time to not only get out of the way, but to thrive? Michele asked this question after writing about the Argentine and Greek financial crises and two very different responses to chances to head off collapse in 2001 and 2012. Her conclusions, which illuminate the blind spots and structural obstacles but also the opportunities associated with gray rhinos, are highly relevant to businesses, policy makers, and individuals.

    Fee: FREE

    Attire: Business Casual

    Registration: Limited to 15 attendees in person, unlimited attendees with call in option. Conference call information will be provided via e-mail to call in participants.

    Be sure to join the CFA Society Chicago - Book Club Group on LinkedIn. By joining the group, you are able to participate in online discussions about the readings between meetings, vote on future readings, and weigh in on potential meeting times and venues.

    Content shared during CFA Society Chicago programs is not, and nothing in it should be construed as, an offer, invitation or recommendation of any specific financial services company or professional, or an offer, invitation or recommendation to sell, or a solicitation of an offer to buy, any securities in any jurisdiction. By registering for and attending this event, you acknowledge that any photographs that may be taken are the property of CFA Society Chicago and give your consent to their use in CFA Society Chicago's online and print business communications and marketing.