7 Mistakes Leaders Make That Make Everyone Miserable

From Enron to Volkswagen, we’ve watched in horror as leaders who lack integrity have destroyed businesses time and again. But the real tragedy happens when regular leaders, who are otherwise great, sabotage themselves, day after day, with mistakes that they can’t see but are obvious to everyone else.

In most cases, it’s slight and often unintentional gaps in integrity that hold leaders, their employees, and their companies back. Despite their potential, these leaders harm their employees and themselves.

“Look for three things in a person: intelligence, energy, and integrity. If they don’t have the last one, don’t even bother.” –Warren Buffet

Dr. Fred Kiel did the difficult job of quantifying the value of a leader’s integrity for his book, Return On Character, and his findings are fascinating. Over a seven-year period, Kiel collected data on 84 CEOs and compared employee ratings of their behavior to company performance.

Kiel found that high-integrity CEOs had a multi-year return of 9.4%, while low integrity CEOs had a yield of just 1.9%. What’s more, employee engagement was 26% higher in organizations led by high-integrity CEOs.

Kiel describes high-integrity CEOs this way: “They were often humble. They appeared to have very little concern for their career success or their compensation. The funny point about that is they all did better than the self-focused CEOs with regard to compensation and career success. It’s sort of ironic.”

Kiel’s data is clear: companies perform better under the guidance of high-integrity leadership CEO. “Companies who try to compete under the leadership of a skilled but self-focused CEO are setting themselves up to lose,” Kiel says.

Every leader has the responsibility to hone his or her integrity. Many times, there are integrity traps that have a tendency to catch well-meaning leaders off guard. By studying these traps, we can all sharpen the saw and keep our leadership integrity at its highest possible level.

  1. Fostering a cult of personality
  2. Dodging accountability
  3. Lacking self-awareness
  4. Forgetting that communication is a two-way street
  5. Not firing poor performers
  6. Succumbing to the tyranny of the urgent
  7. Micromanaging

The bad news is that these mistakes are as common as they are damaging. The good news is that they’re really easy to fix, once you’re aware of them.

Read full article here.

$500 Tesla Model S for kids coming in May

Pre-orders are now open and the cars will ship in May.

The one-seater cars were created in collaboration with Tesla (TSLA) and are for kids between the ages of three to eight. The cars come in three colors: red, blue and “midnight silver metallic.” They boast special lithium ion batteries that are supposed to charge faster and last longer than any other battery-powered kiddy car.

Pre-orders are now open and the cars will ship in May.

The one-seater cars were created in collaboration with Tesla (TSLA) and are for kids between the ages of three to eight. The cars come in three colors: red, blue and “midnight silver metallic.” They boast special lithium ion batteries that are supposed to charge faster and last longer than any other battery-powered kiddy car.

“This baby Model S really is quite fun,” tweeted Tesla’s CEO Elon Musk.

The cars include working headlights, a “spacious interior” and a trunk in the front of the car. It can reach a top speed of six miles per hour.

Buyers also have the option to purchase premium batteries, special license plates and mini indoor car covers.

Read full article here.

The Cheesecake Factory coming to the Triad

Popular national restaurant chain The Cheesecake Factory is coming to the Triad, with a new location planned in Friendly Center in Greensboro.

The restaurant will be built at the site of a former Carolina Bank branch at West Friendly Avenue and Pembroke Road, and is expected to open in the fall.

“We are thrilled to announce the addition of The Cheesecake Factory and bring another new-to-market retailer to the Friendly Center campus,” said Brad Rogers, general manager of Friendly Center.

The new location will be the fourth North Carolina restaurant for The Cheesecake Factory, which has locations in Durham, Raleigh and Charlotte.

The California-based company owns and operates 200 full-service restaurants in the U.S. and Puerto Rico with a menu that includes pizza, pasta, steaks and sandwiches, along with a broad variety of cheesecakes.

The Cheesecake Factory will join Friendly Center during a period of expansion for the busy Greensboro shopping center.

Read full article here.