Why Pershing's CEO pick looks uninspired, and why that look may be deceiving

I am confident that Lisa Dolly will do a great job, continue to lead us through challenging waters. I have a high level of confidence in her abilities, work ethic and intellect. She is a leader and has proven herself through hard work, dedication and measurable results. I look forward to supporting her and our clients and am proud that Pershing has chosen her for this leadership role.

Congratulations, Lisa. Well deserved and I know you’ll have much success.

The first part of your headline is a bit unfair considering how both our employees and clients feel about Lisa as an effective leader with great experiences, energy and perspective. But most of your story validates why we are excited about this orderly and planned transition to someone who has clearly earned the job of CEO. That said, I always find it interesting that those with the most negative and sour view tend to go unidentified as the source of the comment (e.g. “cut from the same cloth”) — I would expect such critics to have bigger cajones than to speak off the record as if they were a credible source of opinion. Had they been more informed, they would find that there is something compelling about having another senior leader being more steak than sizzle.