Self-interest vs. the greater good — Business Management Daily: Free Reports on Human Resources, Employment Law, Office Management, Office Communication, Office Technology and Small Business Tax Business Management Daily

Self-interest vs. the greater good

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When DaimlerChrysler canceled plans to hand over an expected $1.8 billion in bailout money to Mitsubishi Motors, Mitsubishi Chief Executive Rolf Eckrodt resigned on the spot.

By putting personal frustration ahead of corporate well-being, Eckrodt tarnished in one day the good reputation he’d built over many years. Industry analysts no longer fawned over his impressive record of reducing Mitsubishi’s debt, buzzing instead over his brash departure.

Lesson: Being a leader means acting in the organization’s best interests in the “end game” of your time there, despite personal frustration or hurt.

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