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Food for Thought (2)

Why the C-Suite can be deadly – The case of Martin Senn

It is not easy to be a manager, and even more difficult the higher you climb. But increased speed, uncertainty and complexity that dominate the everyday lives of decision-makers on C-Level are only one part of the problem. The by far worst part is the total loss of power and status which goes along with a loss of one’s influential position. Exactly this happened to Martin Senn who was the CEO of Zurich, one of the biggest insurance companies worldwide. He committed suicide end of May at the age of 59. Martin Senn was a long-time employee of the insurer, serving as its chief executive for six years before he was forced to step down in December due to public pressure following economic difficulties and a failed M[&]A transaction. The loss of prestige and influence had hit him hard. An acquaintance said Senn had suffered from depression recently.

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Insecure Overachievers and Their Beliefs

The Insecure Overachiever
Since the 1950s, McKinsey & Company, one of the world’s leading strategy consulting firm, has been known to employ the best graduates from the best universities, and to use performance incentives and a very formative high-performance culture to shape these young, hungry ‘high potentials’ according to their requirements. After these young consultants are pushed to the maximum by their international projects, most of them voluntarily leave the company on good terms after three years at the latest in order to take up leading positions in the industry and then to become potential customers of their former employer. Over the past few decades, this HR strategy and its accompanying high-performance culture were adopted in the field of professional services by the majority of international companies and are now also entering many more traditional industrial and service-based companies.

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narcisstic leader

The Rise and Fall of the Narcissistic Leader

Narcissus, the young man from Greek mythology, fell in love with his own reflection in a pond and ultimately drowned in his attempt to get too close to his own image. Leaders with narcissistic tendencies fit perfectly into both the modern business world and also the political system. Donald Trump or Silvio Berlusconi are perfect examples for this phenomenon in the political domain while business leaders like Elon Musk (Tesla) or Thomas Middelhoff (Arcandor) are prominent cases for the business world.

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What is Your Ikigai?

The US-American Dan Buettner is an extreme sportsman, adventurer and author of National Geographic. On his expeditions to various parts of the world he had become aware of a phenomenon that he first reported in 2005: the "Blues Zones". These are geographical regions which are characterized by a significantly higher life expectancy than in the rest of the world. One of these "Blue Zones" is the Okinawa archipelago, which belongs to Japan today. Japan's southernmost prefecture consists of 363 islands, on which a total of 1.3 million people are living. 900 of these inhabitants are 100 years and older, which is an unusually high life expectancy even for Japanese conditions. The average life expectancy for men there is 86 years while German or US-American men on average only become 78 years old.

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Jump start – how to become a successful leadership team

A booming industry provides an encouraging ground for new entrepreneurs - be it through start-ups, spin-offs or management buy-outs. So does the real estate industry. However, not all of these start-up’s and spin-offs become equally successful - despite the fertile environment they incubate in. This is rarely a result of overconfidence of the new leaders, lack of market access or bad deals, but rather a lack of investment in the partnering on the top of the company - the newly found leadership team.

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