"Why it pays to invest in bosses who blame themselves"

by Jim Bruce

In the April 1, 2006 issue of Business 2.0, Jeffrey Pfeffer,

Professor of Organizational Behavior at Stanford’s Graduate School of

Business, argues that it pays to invest in leaders who blame

themselves when things go wrong. His focus is on CEOs and he uses

the metric of stock prices in his argument.

However, the points he makes — that taking responsibility is good

leadership and that no problem can be fixed until leaders name and

describe it — is as important to the types of organizations you lead

as it is to the corporate world. So, I think that you will find the

piece, which can be found at

interesting.

Have a great week. We have sunshine today in Boston — at last —

though the weather says it won’t last.

. . . . . jim

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