The first rule of the Hippocratic Oath all doctors take is, "First, do no harm." Why did Theranos, Valeant and Turing assume so much risk? They focused on the short-term at the expense of their companies, their patients and the health care industry.
Life beckons you. Don't wait until it's too late. You may discover that what's missing in your life is not success, but significance.
Mindful practices, such as daily meditation, prayer, journaling or jogging, enable leaders to become more creative and open to new ideas. For Iger, this means waking up every morning at 4:30 a.m. to be alone
Weak leaders focus on all the things that are going wrong. Great leaders like Alan Mulally bring out the best in us. The most effective leaders apply the principles of positive psychology, ensuring their interactions with employees contain a healthy balance of positive and constructive feedback.
Donald Trump brags that he used a $1 million inheritance to create $10 billion net worth. CEOs like Valeant's Mike Pearson hype their quarterly results. Whatever happened to humility as a virtue for leaders?
Trust is the foundation of American capitalism. Unfortunately, many activist investors have damaged that faith. The staying power of activists will depend on whether they are able to regain our confidence through sustained financial performance, heightened innovation, and greater long-term investments, not just immediate gains.
Many companies are making important contributions, but CEOs have less leeway than ever to make bold investments in their communities. Due to growing pressures from short-term shareholders and increasing regulations, companies have been severely constrained in making targeted, long-term investments that drive social change.
The pharmaceutical industry's rationale that it needs high prices to afford the research has been turned on its head by Valeant's business model of spending less than 3 percent on research & development (R&D) and paying less than 3 percent in taxes.
"Faking it" is the antithesis of authentic leadership. Following this advice is the most likely path to failure as a leader. You cannot act like a leader until you go through the hard steps of developing yourself from within.
As you open yourself, others will open up as well, thus beginning a virtuous circle of vulnerability. Embrace those moments to share and be vulnerable. Now you have the power, and no one can take it from you.