25
Sep
Beyond honored to have been selected as the 2018 33 under 33 winner! Thank you, @StrtupBoost! http://www.33under33.com/past-winners
Author: @luvleensidhu
7
Sep
Lehman’s Last Hires Look Back
Four people who started at Lehman Brothers the day it failed reflect on the lessons they’ve learned
Corrie DriebuschSept. 7, 2018 8:00 a.m. ET
By
Corrie Driebusch
September 15, 2008, was one of the darkest days in the history of Wall Street. For four new college graduates, it was also their first day of work at Lehman Brothers Holdings Inc.
Sohil Sheth, Luvleen Sidhu, Justin Gaines and Brian Grossman walked through the doors of Lehman just as the venerable investment bank filed for bankruptcy protection, an event that sent shockwaves around the globe. The aftershocks continue to define many aspects of American life a decade later.
The crisis provided these unlucky millennials with a new perspective. Big institutions were no longer infallible. Wall Street no longer offered a guaranteed career path. Life was more fragile than they knew.
One thing was certain: Their world would never again look the same.
Luvleen Sidhu
Luvleen Sidhu now runs her own startup, called BankMobile, based in New York City. ‘My first day [at Lehman] was kind of crazy, in an eerie way that we were ignoring reality.’ Photo: Michael Bucher/The Wall Street Journal
I interned at Lehman after my sophomore and junior years at Harvard. I graduated in 2008 and started six weeks of training, and the first day on the job was the bankruptcy. I remember contacting HR and I asked, should I come in? I’ve locked the response in my head because it was so unusual. The response was, ‘please come in, it’s business as usual.’
My first day was kind of crazy, in an eerie way that we were ignoring reality. No one was acting panicked. No one was acting out of line, though maybe they were behind closed doors.
For it to happen the first day of my career, it really showed the fragility of things. I was gung-ho Lehman. I still have our Lehman bag. Lehman squishy ball. Lehman training binder. I thought I was going to a top investment bank.
I think it was for the best in hindsight. We had this clear trajectory: Go to a top undergrad school, do banking or consulting, then go to business school. All those things still happened, but what changed I think is entrepreneurship really blossomed. You realized that’s not the only path in life to make you feel you accomplished something. There’s impact that you can make in different ways.
5
Sep
In an effort to help college students earn interest and build up their financial future, I am on @CheddarLive to discuss how BankMobile has launched Vibe Up and explains how it all works.
I sit down with Jill Malandrino, Global Markets Reporter, at the Nasdaq MarketSite about the launch of our new BankMobile VibeUp account and how we are saving students millions of dollars. I also shout out ParadigmMoney.com; our educational platform helping students become financially empowered.
Bloomberg Markets: ’Vibe Up’ Saves Students Fees (Radio)
Bloomberg Markets with Carol Massar and Jason Kelly.
Luvleen Sidhu, President and Chief Strategy Officer at BankMobile, discusses launching Vibe Up, a fee free, open market checking account for college students.
This is a Bloomberg podcast. To listen on the Bloomberg terminal, click on the player thumbnail on the sidebar. To contact the producer: Paul Brennan +1-212-617-8292 or pbrennan25@bloomberg.net
Running time 05:53
Today, more than ever before, bold leadership is needed! In this current climate of uncertainty, coupled with many instances of corruption, greed and unrighteousness, we need more leaders who are not afraid of doing what is right even if it’s not popular. To take a step back, according to the Google dictionary, bold is an adjective that describes a person, action, or idea showing an ability to take risks; confident and courageous. Some synonyms of bold include, daring, brave, courageous, valiant, valorous, fearless, dauntless, audacious, daredevil—all words that describe needed characteristics of a leader. In fact, if you define a bold leader, it is someone who is courageous and prepared to go against the tide of popular thinking. They often see problems and challenges as opportunities. They know and recognize their gifts and build upon them constantly.
As a leader myself, I don’t believe that a company or group can be successful without bold leadership. But is that all it takes? For me, bold leadership is the beginning, but in order to create a winning strategy you need to have bold leadership with a sprinkle of compassion. That is the winning formula.
At the most basic level, bold compassionate leadership allows you to inspire and create loyal, dedicated, and passionate employees by showing them that you are willing to be a loyal, dedicated, and passionate leader. Showing bold compassion allows your employees (or those you have the privilege of leading) to see your vision, understand your mission and be willing to own and execute that vision and mission as if it were their own. Leadership isn’t about telling people what to do, it’s about putting out a goal and allowing your team to add their strength and knowledge into how to accomplish that goal. When you think about how much time employees spend at the workplace it makes total sense to instill compassion in your leadership style in order to create a nurturing environment where employees feel free to be their best selves.
Bold leadership is a must if you want to accomplish your objectives, but if you want to disrupt an industry, build a culture of excellence, and stay on the cutting edge of your business, then you must implement bold compassionate leadership. This allows you to take your company to the next level, while motivating your team to maximize their full potential to be the best that they can possibly be.
With Love,
Many Americans live paycheck to paycheck, or are in a situation where one financial emergency could create financial chaos. Banks can help these people by encouraging and building financial literacy, which in time can foster lasting customer loyalty. Luvleen Sidhu, co-founder, president and chief strategy officer of BankMobile, discusses breakthrough practices that can help make a difference.
31
May
Tune in for my session, “Dream Big, Do Bigger: Leadership Secrets of a Successful Entrepreneur,” here at American Banker’s The Most Powerful Women in Banking LEAD event. #WIBLEAD
Discussion with the host starts at 7:18 and goes until 14:08: