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The Natural World
Two years ago, Mark Tercek (MBA ’84) left his job at Goldman Sachs to become head of The Nature Conservancy (TNC), the habitat-preserving organization that has some 3,700 employees worldwide (as well as 1,500 volunteer U.S. trustees) and net assets of $4.6 billion, with over 119 million protected acres in thirty countries, WSJ.com reported (June 10, 2010). Two months after Tercek assumed his post, the recession hit, delivering a powerful blow to the funding that organizations like the Conservancy rely on. “I woke up in the middle of the night wondering how I was going to get my job done,” recalled Tercek. “That never happened to me at Goldman Sachs.”
Tercek has found that “a mission-driven nonprofit is harder to manage than you think,” in part because of its greater need for consensus. A TNC colleague noted that Tercek has adhered to a tight strategic focus to keep the orga-nization from overextending itself in the face of so many deserving projects.
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