When we think of reinvention, we often imagine scrappy startups pivoting to survive. But for mature companies with legacy reputations, reinvention is more complex. It’s less about radical change, more about careful recalibration. A recent segment on Bloomberg’s Wall Street Week offered a timely look into how one such business, New Balance, is managing this ongoing challenge.

Leadership in times of crisis requires vision, determination, and a capacity to prioritize amidst chaos. Brian Moynihan, CEO of Bank of America (BOA), exemplified these qualities when he assumed leadership during one of the most tumultuous periods in the bank’s history.