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The Wisdom of Failure: How to Learn the Tough Leadership Lessons Without Paying the Price by Jim McConoughey, Laurence G. Weinzimmer

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Flawless Leadership

Learning the Lessons Without Paying the Price

He was lauded as one of America’s greatest business leaders after he transformed a small, unremarkable regional company into one of the nation’s most prominent organizations. Under his leadership, his company became a Wall Street superstar. He became one of the highest paid CEOs in the United States. He owned lavish homes across the country. In February 2001, Fortune magazine’s ranking of America’s most admired companies listed his company as number one for “innovativeness” and number two for “quality of management.” Moreover, Fortune rated his company as “America’s Most Innovative Company” for six consecutive years. He became personal friends with the president of the United ...

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