Expectations were high, my performance low. I knew the subject, but somehow couldn’t articulate my ideas coherently. Delegates didn’t hold back when it came to criticism and told me afterwards that my strategy was unclear, my content muddled and that I had given them no clear direction. It would have been so easy for me to have run my presentation by Louis in the days before I gave it - but I hadn’t wanted to subject myself to negative feedback. So I’d blundered on. I felt that I’d blown it and feared being sent back home.

I’m comforted by something I’ve come to believe more and more in recent years—that it’s not always good for one person to have too much power for too long. Even when a CEO is working productively and effectively, it’s important for a company to have change at the top. I don’t know if other CEOs agree with this, but I’ve noticed that you can accumulate so much power in a job that it becomes harder to keep a check on how you wield it. Little things can start to shift. Your confidence can easily tip over into overconfidence and become a liability. You can start to feel that you’ve heard every idea, and so you become impatient and dismissive of others’ opinions. It’s not intentional, it just comes with the territory. You have to make a conscious effort to listen, to pay attention to the multitude of opinions. I’ve raised the issue with the executives I work most closely with as a kind of safeguard. “If you notice me being too dismissive or impatient, you need to tell me.” They’ve had to on occasion, but I hope not too often.

Two, take the time to listen before you do anything else. You will set the tone; it will be very difficult to reset it. If you start off by imposing your views on people, you’re not going to have what you most need when you most need it - namely, the commitment of the people you need to get the work done. Even if you’re right and you end up in exactly the same place as you thought you were going to end up, the experience of stopping and doing nothing but being a very good listener for as long as you can stand it is the most important thing to do. The whole act of talking to the top people is the first step towards gaining their commitment and understanding, which you must have if you don’t get it the first time. Until you get a consensus, that everyone agrees on - these are our priorities, and here’s who’s going to work on them, and here’s how our midcourse correction is going to be if we’re not right, and here are the things we can’t put off - take as long as you can stand to get that front end clear, committed, understood, communicated, massaged, and changed.” - Henry Schacht

Then I made two other mistakes. One was that I didn’t fully appreciate the importance of simply provisioning traditional institutional reassurance. By asking and challenging everything, you create a lot of uncertainty, and that uncertainty can be debilitating to the ongoing functioning of the organization. I failed to appreciate that if you’re going to be questioning everybody and challenging everybody, you have to do a lot of reassuring in return. I didn’t say, ‘Isn’t Harvard great?’ If I had said that, it would have been much more reassuring.” - Lawrence Summers.

[Carly] Fiorina, who in fact had done such an in-depth study of the company and the situation that she had many of the answers, probably meant to reassure people by her knowledge. But by not asking questions and by not failing to have some answers, she scared many of the employees. Fortunately, when this feedback was delivered and received, Fiorina adapted her active listening and allowed her natural gift for communication to flourish. This increased her credibility and at the same time deepened her insights into the company, its challenges, and its opportunities.