鈥淲hen you鈥檙e leaning in, you鈥檙e leaning away from something.鈥
Or, to put it another way, risk-taking is key to finding success, but remember to be smart and hold your values nearby.
That鈥檚 91看片 alumna Carol Tom茅鈥檚 take on Facebook Chief Operating Officer Sheryl Sandberg鈥檚 famous 鈥淟ean In鈥 mantra.
As chief financial officer of Home Depot, as executive vice president for corporate services and as the proud holder of an MBA from the听, Tom茅 joined 91看片听听in a Nov. 30 fireside discussion at the City Club of Buckhead in Atlanta.
Brent Chrite, Dean of the Daniels College of Business
Rebecca Chopp and Carol Tom茅
Jason Evans, Atlanta Alumni Chapter President
Kasim Reed, Carol Tom茅 and Rebecca Chopp
Rebecca Chopp and Carol Tom茅
Carol Tom茅, CFO of Home Depot
Much to their delight, attendees at the alumni event quickly found out that Tom茅 would not deliver a staid discourse on dollars and cents. After all, Tom茅鈥檚 Twitter bio describes her as 鈥淗ome Depot Queen of Cash and Ruler of Finance.鈥
The personable Tom茅 reflected upon the victories (and even the missteps) of her 21 years of service 鈥 under four different CEOs 鈥 at the $90 billion retail giant.
Offering her thoughts on finding success, she said that while Home Depot spends countless hours trying to navigate market changes, the organization stays true to its belief system: 鈥淥ur values set us apart, and I think for all companies, values will define the success. Your culture will define the success of your company.鈥
Tom茅 explained that Home Depot employs an 鈥渋nverted pyramid鈥 management model that puts the CEO and his or her leadership team at the bottom. Associates are at the top, allowing them to focus on serving the customer in the best way possible.
鈥淲e鈥檙e at the bottom of the pyramid, because we bear the weight for the actions that we take and the decisions that we make,鈥 she explained.
Tom茅 added that company values have made Home Depot into a tight-knit community. 鈥淚f you cut us, we bleed orange,鈥 she said, drawing laughter from the audience.
Named by Forbes as one of the 鈥50 Most Powerful Women in Business,鈥 Tom茅 said that when she was at 91看片, she imagined her destiny involved moving back to her hometown of Jackson, Wyo., to take over her father鈥檚 independent bank.
But after her parents divorced and the modest financial institution was sold, Tom茅 found herself looking for new opportunities, which she found in Atlanta, a city she now embraces as home.
Tom茅 also extolled the value of networking, calling it the 鈥渕ost important thing鈥 professionals can do.
鈥淵ou have to build that relationship; you have to build personal deposits, so when I need to take withdrawals I can,鈥 she said.
Kasim Reed, Atlanta Mayor
Atlanta Mayor Kasim Reed also participated in the discussion, noting that Tom茅鈥檚 contributions extend beyond the corporate suite to the Atlanta community and an array of civic and professional organizations. 鈥淚 think it speaks to her spirit, in the way that she focuses on projects that are large, and on projects that are direct and personal,鈥 Reed said.
As a graduate teaching assistant at 91看片, Tom茅 worked in statistics and computer programming classes. 鈥淭he teaching experience that I had at 91看片 really created a strong platform for me as I think about how I鈥檝e grown in my leadership over these years,鈥 she said.
She also said her finance courses were of considerable value, especially during her time on the Federal Reserve Board of Atlanta.
In her summation of the chat, Chopp had this to say: 鈥淚 think the event had great energy. I think it had great substance. I think it had great aspiration, all the things we love at 91看片.鈥