The Salt Lake Chamber co-hosted the first Business and U luncheon. We want to thank the David Eccles School of Business for bringing Procter & Gamble President and CEO Robert A. McDonald (above, answering questions) to discuss his ideas on leadership. McDonald is a graduate of the University of Utah.

Here are just a few nuggets of wisdom McDonald shared:

• Everyone wants to succeed.
• Leadership is not time efficient but it is worth your time.
• Putting people in the right jobs is the most important job of a leader.
• Character is the most important trait of a leader. That means putting the needs of the organization ahead of your own.
• “No excuse, sir,” implies that something went wrong and that you won’t let it happen again.
• Choose the harder right rather than the easier wrong.
• Diverse groups of people are more innovative than homogenous.
• Ineffective strategies, systems and culture are bigger barriers to achievement than the talents of people.
• There will be some people who will not make it on the journey.
• Organizations must renew themselves.
• Recruiting is a top priority. P&G only promotes from within.
• The true test of a leader is the performance of the organization when he or she is absent or after he or she departs.