Date Added: Apr 2010
Many leaders aren't making the connection between their own actions and the expectations they have for their team. Learn to lead with your values and give more of your most critical resource: your time. During the Treasury bond scandal that nearly brought down Salomon Brothers, Warren Buffett, as the largest stakeholder, took over as CEO. Within days, he replaced Salomon's legendary disregard for transparency and accountability with an opposite culture. Buffett held press conferences and issued memos detailing the company's additional violations and firings. Most importantly, though, Buffett released an internal memo asking anyone with knowledge of any "Legal violation or moral failure" to call him. He wasn't posturing. Included in the memo was Buffett's private telephone number.