Tuesday, May 7, 2013

Ego Trap #6 - Follow the Leader

A great story from Sheryl Sandberg’s Lean In about how Robert Rubin, then secretary of the Treasury fell into Ego Trap #6:

Before becoming Treasury secretary, Rubin served as co-chairman of the board of Goldman Sachs. At the end of his first week as co-chairman, he noticed that Goldman was heavily invested in gold. He asked someone why the firm had taken such a big position. The startled employee answered, “That was you, sir.” “Me?” Rubin replied. Apparently, the day before he had been taking his initial tour of the trading floor and commented, “Gold looks interesting.” This got repeated as “Rubin likes gold,” and someone spent millions of dollars to please the new boss. (pg. 82)

So, what version of “Gold looks interesting” is happening to you in your organization?

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