We have a lot in common. It will not surprise you to learn that management is viewed as the most important of the five and the most difficult to grade. Legislation is pending in Congress to shore up the savings association fund as a final payment on the savings and loan crisis of the 1980s and to establish the framework for a merger of the two insurance funds, but only two weeks remain in the Congressional session. It is the FDIC's strong commitment to financial stability that we must preserve with the legislation. As a Los Angeles Times editorial said earlier this week, passage of this legislation is critically important to the FDIC and to the nation.
Businesses are successful only as long as they are effective in responding to change.
This sensitivity to change makes business an instrument of change, Drucker has said. Successful businesses are also efficient. Profits and losses provide business with a test of performance. Like a business, the FDIC also provides a service. It is a public service.