In 1979 Great Britain’s economy was bankrupt and the newly elected Prime Minister, Margaret Thatcher immediately set to work privatizing all nationalized industries such as aerospace firms, telephone firms, utilities, the National Freight Company and public housing which was sold to its tenants. She sold all these industries at favorable terms to promote private enterprise. Her aim was to reduce government power and promote the rights of individuals who would be property owners and pay a mortgage on their new properties.
Labor unions were crippling Great Britain with their intimidation and strikes. Prime Minister Thatcher stood firm against the unions bringing the coal industries and the steel industries under control. Employers and their workforce had achieved the proper balance. It was no longer necessary for men to join the unions.
Prime Minister Margaret Thatcher believed in putting her “faith in freedom, free markets, limited government and a strong national defense.”
Early Family life and education of Margaret Roberts
Margaret Hilda Roberts was born in Grantham, England to Alfred and Beatrice Roberts on Oct.13, 1925. As a child, Margaret Roberts learned about the business of balancing budgets in her parent’s, the Roberts grocery store in Grantham. Her family lived above the store and she and her older sister were raised to be truthful, to attend church, to help others and do charitable work in their close community. Margaret’s father, Alfred Roberts talked daily about Conservative politics in their home. In Grantham he was a councilor in local politics.
Prime Minister Margaret Thatcher was Prime Minister for 3 terms, 11 and a half years. When she became Prime Minister her country was on the brink of financial disaster and with problems of law and order. Prime Minister Margaret Thatcher said at the time “Unless we change our ways and our direction, our greatness as a nation will soon be a footnote in the history books, a distant memory of an offshore island, lost in the mist of time like Camelot, remembered kindly for its noble past.”
When she left office in 1990 her legacy was a sound economy with a society that was confident about its future.
Leadership Principals: As a leader she believed in working with experts who shared her vision, her plan of action with a shared goal of repairing Great Britain’s economy. Prime Minister Margaret Thatcher was nicknamed the “Iron Lady” by the Soviets ” for the tough line she took against them”. As a leader she had strength, determination, honesty, integrity, and the courage of her convictions with a passionate belief in the right way to get her country back on track once again.
Romayne Leader Frank, my mother, began her successful construction and management business from the ground up over 40 years ago on a shoe string budget. She began her Construction and Real Estate Management Company with her husband, my father Robert J Frank, MD.
Leadership Principals: Romayne Leader Frank began the new company by surrounding herself with experts who knew the building business and real estate markets. She listened to her experts and had a vision, a plan of action for their new company. My mother had a gift for looking at land and seeing its potential. She had the courage of her convictions, honor, integrity, and morality that included a code of ethics and a clear and decisive passionate belief in the right way to conduct her business.
My mother, Romayne Leader Frank, said “In the building business you want to use a licensed building contractor, who is experienced with references, insured, has workmen’s compensation, and is also bonded for time and money.” This means the job is to be completed for an established amount of money and to be completed by a certain date. In building you want a turnkey job, all inclusive from a knowledgeable and licensed contractor.
Their legacy: My mother and father, Romayne Leader Frank and Robert J. Frank, M.D. constructed dozens of buildings from Oyster Point to J. Clyde Morris Boulevard, in Newport News, Virginia and in Hampton, Virginia, James City County, in Williamsburg, Virginia, and the Isle of Wight, VA. Bringing new businesses to the Cities where they constructed new buildings. They also brought many new jobs and more taxes into these Cities.
Family life and education of Romayne Leader Frank
Romayne Leader was born in Detroit, Michigan to Earl David Leader and Mary Chernick Leader on May 28, 1929. Romayne’s father, Earl D. Leader worked at the Ford Automobile Company assembling automobiles to put himself through law school. Once he had finishes law school he represented many businesses and ran for local political office. Romayne’s mother, Mary Chernick Leader worked as a secretary at the Boroughs Corporation, had a women’s stock club where she taught other women how to study companies and invest in the stock market with little money to develop a nest egg, and helped the Braille Society. Romayne’s parents taught her the value of truth, honesty, hard work, religious faith and service to others. Her parents discussed the local politics with her and taught her about business and finance.
Prime Minister Margaret Thatcher and Business women, Romayne Leader Frank were chartering new territory in male dominated areas of government and business. Both went to law school after being married at a time when women did not go to law school or work outside the home when they had young children. Both understood the value of a law education in society to help serve others. They had the courage of their convictions as leaders to never give up regardless of the obstacles. With character, honor, integrity, and hard work they accomplished their goals to serve others. As women leaders they left a legacy for their countries and their children and grandchildren of economic growth and prosperity and the right and honorable way to conduct business.
What are the five things you can do to be a world class leader like Prime Minister Margaret Thatcher and business woman, Romayne Leader Frank?
1) Be a leader who has the courage of their convictions, the honor, integrity, and morality that includes a code of ethics and a clear and decisive passionate belief in the right way to conduct business or run your country.
2) As the leader of your country, organization or business surrounds yourself with a “Brain Trust”, competent people who know your business and markets, are of like mind, and have a strong firm intellectual capacity to help you accomplish your goals.
3) Go around the table and listen to your experts carefully. Then make informed decisions.
4) Once the Leader of the country, business, or organization CEO knows all the problems to be faced and has studied them from every angle, the Leader needs to have a vision, a plan of action with the goal to be accomplished. Leaders need to have a strong belief in service to others.
5) In the building business you want to use a building contractor, who is experienced with references, licensed, insured, has workmen’s compensation, and is also bonded for time and money. This means the job is to be completed for an established amount of money and to be completed by a certain date. In building you want a turnkey job, all inclusive from a knowledgeable contractor. Remember the idea is to keep costs down with excellent workmanship from a licensed, insured contractor with a turnkey job and no change orders permitted.