Choosing invulnerability over trust

Rationale

No one loves to admit being wrong, but some people hate it. Great CEOs don’t lose face in the slightest when they are wrong, because they know who they are, they know why they are the CEO, and they realize that the organization’s results, not the appearance of being smart, are their ultimate measure of success. They know that the best way to get results is to put their weaknesses on the table and invite people to help them minimize those weaknesses. CEOs who understand this concept intellectually but cannot behavioralize it sometimes make the mistake of finding symbolic moments to admit mistakes and weaknesses. This only serves to reinforce the notion that the CEO is unwilling to put real weaknesses on the table. Overcoming this temptation requires a degree of fear and pain that many CEOs are unwilling to tolerate.

If you have a difficult time identifying your temptations, you may want to ask your direct reports to answer the questions above and compare your responses to theirs.