Dan Rather on Leadership and ‘Most Important Election in a Generation’

Speaking to more than 1,000 Commonwealth Financial Network advisors on the Friday before the U.S. presidential election, former CBS news anchor Dan Rather encouraged his listeners to emulate the substance and style of great leaders: "most effective leaders," he said, "are good listeners."

In a sometimes emotional speech—marked by a moment of silence at the beginning of his remarks to remember American service men and women around the globe—Rather said the "best leaders are strong communicators," and that his listeners might be surprised to know how many of the national and world leaders he knew and met had read Dale Carnegie's "How to Win Friends and Influence People." At the independent broker-dealer's national conference in Austin on Nov. 4, Rather echoed the conference's theme by saying the job of a leader is to "overcome obstacles and turn them into opportunities."

While he didn't speak directly of the presidential election in his public comments, in a brief interview afterward he did address the Hillary Clinton-Donald Trump campaign. "It's too easy to say this is the election of a lifetime," Rather said backstage after his speech. However, he said it would be accurate to call it "the election of a generation." As to what worries him about the two contenders' policies, he said the big issue for him is trade. "Will we retrench?" he asked, agreeing in response to a question that protectionism didn't work out so well for the country or the world in the 1930s, when the U.S. raised tariffs on imported goods under the Smoot-Hawley tariffs of 1930.