U.S. Bank Chairman Urges Companies to Seek Higher Organizational Purpose

by Bob Helbig

Davis Praises Winners of Minnesota 2016 Top Workplaces Award

The chairman and CEO of U.S. Bank praised efforts by 2016 Minnesota Top Workplaces to enhance the lives of their employees while challenging companies to seek a higher organizational purpose.

Davis speaks about the value of purpose

Richard Davis delivers keynote at the 2016 Minneapolis Top Workplaces event.

“You are changing the lives of people who spend most of their life with you,” Richard Davis said. “You should not only be responsible for them, you should be proud of them.”

Davis, who has led U.S. Bank for a decade, was the keynote speaker Thursday, June 23, at a Top Workplaces luncheon event at the Radisson Blu Mall of America hosted by the Star Tribune.

The media company is honoring the top 150 companies in this year’s Top Workplaces awards for Minnesota. In addition, the newspaper is celebrating another 110 companies that exceeded national standards for quality workplace environments as measured through employee surveys by WorkplaceDynamics.

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Minneapolis-based U.S. Bank, which employs about 70,000 people, is the fifth-largest commercial bank in the United States. The company has urged employees to invest their hearts and minds toward an organizational purpose. For them, Davis said, that means:

  • Do the right thing.
  • Power potential.
  • Stay a step ahead.
  • Draw strength from diversity.
  • Put people first.

“If we don’t tie our organizational purpose to something greater than what banking is, you’re going to think of people in the bank as collecting money, making loans and agitating people,” he said.

Davis praised companies for earning recognition as Top Workplaces and urged them to continue striving for that recognition.

“The journey is to do it again, to know what it takes to do it again, and to do it with pride, and be proud of the fact that it is intentional,” he said. “Next year when you are in this room, you can celebrate once again, because, indeed, the journey continues.”