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Leadership Lab - Larry Kramer, President and Vice Chancellor, LSE

In this latest episode of the Leadership Lab series, Susanna Kempe, CEO of the Laidlaw Foundation, engages in a thoughtful conversation with Professor Larry Kramer, the newly appointed President of the London School of Economics (LSE). Their discussion covers Kramer’s journey through academia, his impactful work in philanthropy, and his vision for LSE’s future. Professor Kramer’s career spans an impressive range of roles, from serving as Dean of Stanford Law School to being President of the William and Flora Hewlett Foundation. With a JD from the University of Chicago Law School and an AB in Psychology and Religious Studies from Brown University, Kramer has made significant contributions to both academia and society. At the Hewlett Foundation, he focused on crucial issues like democracy and racial justice, reflecting his deep commitment to societal betterment. During the conversation, Kramer shared his three simple rules for effective philanthropy: have a clear goal, create a narrative for achieving it, and ensure you can measure your progress. His statement, “If you can’t measure it at all, you probably shouldn’t do it,” stood out as a powerful reminder of the importance of accountability in driving real change. Kramer also reflected on his leadership journey, drawing from the lessons he learned from mentors like Judge Henry Friendly, who taught him the importance of honesty and attention to detail, and Supreme Court Justice William Brennan, who exemplified courageous integrity. These mentors deeply influenced Kramer’s approach to leadership, particularly his belief in leading with ethical principles and empowering those around him. As the conversation shifted to his vision for LSE, Kramer emphasised the importance of aligning the institution’s work with its mission: “Understanding the causes of things for the betterment of society.” He discussed how academia is evolving to focus not just on understanding the world but on making a tangible impact. However, he was clear that this doesn’t mean turning LSE into an NGO; rather, it’s about ensuring that academic work contributes meaningfully to societal progress. One of the most candid moments of the interview came when Professor Kramer talked about the challenges of leadership, especially the difficulty of not taking criticism to heart. He admitted, “[As a leader] you come in for a lot of abuse that seems personal...You have to put your ego aside and realise it’s not about you.” This reflection highlighted the resilience and patience required in leadership as he reinforced the importance of generosity and pragmatism in navigating these challenges. Listening to Professor Larry Kramer’s insights was both enlightening and inspiring. His reflections on leadership, philanthropy, and the evolving role of academia provided valuable lessons for anyone striving to lead with purpose and create lasting impact in today’s complex world. ———————— 00:27 | How did your leadership journey begin? 02:00 | You attended Brown University and mentioned it was the first place where you realised the importance of ideas. Could you elaborate on what you meant? 05:48 | What were the key takeaways from your time at Brown? 08:28 | You spent most of your career in the U.S. as the Dean of Stanford Law School. What has the transition to London been like for you? 11:06 | Your colleagues in the U.S. have faced challenges with demands from students, donors, and faculty to make statements on geopolitical issues. How has this experience been for you? 12:38 | Before joining LSE, you served as President of the William and Flora Hewlett Foundation. What motivated your shift from academia to philanthropy? 16:04 | Can you tell us more about your focus on effective philanthropy during your time at the Foundation? 18:11 | At the Foundation, you concentrated on democracy and racial injustice. Where do you think we currently stand in these areas? 25:09 | You advise your students not to plan too far ahead. Why is that? 26:32 | LSE's mission is to understand the causes of things for the betterment of society. In today's world, it seems that people often rush to judgment or have a performative response rather than seeking understanding. How do your students and faculty embrace this mission? 29:35 | You often use the phrase "no-loafers." What does that mean to you? 31:11 | How do you navigate the tension between progress and principle? 32:40 | Why do you think we still see so many instances of unethical leadership? 35:10 | You've met many leaders from around the world. Who has been particularly admirable or inspirational? What traits do you see in those you most admire? 39:20 | What do you consider the most challenging aspect of being a leader? 41:05 | Do you have a daily mantra that keeps you motivated? 42:28 | What is the biggest mistake you've ever made, and how would you correct it if you could go back? 45:30 | Who is your everyday hero?