Secretary of Commerce

May 22, 2017 News no responses # ,

Penny Pritzker, a Name in the List of Richest Women

Penny Pritzker, a Name in the List of Richest Women

Penny Sue Pritzker is an American entrepreneur, businesswoman, and a civic leader. She was born on May 2, 1959, and was nominated by Barack Obama as United States Secretary of Commerce.

As per the report of celebrity net worth wiki, after getting Senate vote of 97-1, she became the person, 38th on the list to hold that position. She was an early supporter of the presidential candidacy of Barack Obama. She was a friend of the Obama family since they were in Chicago.

She didn’t have the experience to hold the position in government prior to becoming the Secretary of Commerce. But she certainly learned how to run businesses and had around 27 years in the private sector.

She led dozens of companies, started five companies, and served on the boards of big corporations such as LaSalle National Bank, Hyatt Hotels, and the William Wrigley Company.

Three key insights are given by Pritzker
According to Pritzker, there are three key insights that are the fundamentals to lead effectively:

  • You’re only as good as your team: No matter whether you’re in government or business, you’re only as good as the team that you put to work together.According to her, if you’re working as a leader, no matter whether elected, appointed or hired, it’s important for you to assemble a great team and support it to get the job done successfully.• Numbers speak louder than words: Pritzker says that each department submits their own proposals; their submissions are collated by the secretaries at the executive level. After this, it’s determined whether they’re able to reflect the priorities of your strategy. You’ve to adjust, decide, and move forward.

  • • You’ve to learn the language: If you’ve lack of knowledge, it doesn’t translate that you’ve lack of leadership quality. If you have the skill set and the transferable experience, you can learn the language just as a part of the transition.

It’s true that leadership in the public sector isn’t easy, but if you’re in the spotlight; you’ve to answer to a population. Despite you put your best efforts; you can’t keep yourself entirely happy. Your performance won’t always work to determine your fate.

Net worth of Pritzker
As mentioned in the article of a website named as the celebrity net worth wiki, the net worth of Penny Pritzker is around $2.5 Billion. She owns nearly 8% of the stock of Hyatt Hotels. She was also the chair of TransUnion, which are the credit-reporting firm and one of the co-founders of Artemis Real Estate Partners.