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Self-interest vs. the greater good

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in Leaders & Managers

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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