Episode description

Just because you get to the top of the mountain doesn’t mean you can stay there. Bad style had the proverbial door hitting CEO Bill Johnson on his way out.

North Carolina Utilities Commission Board of Directors fired CEO Bill Johnson 20 minutes after the $32 billion merger of Duke Energy and Progress Energy. Why? Because the Board “felt Johnson’s style was too autocratic and discouraged different points of view”.

Good leadership characteristics and bad leadership characteristics can be hidden, especially when you reach high levels of compensation. Great leaders create cultures where employees feel free to speak up rather than merely “buying in” to the vision and mission.

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