Warren Buffett looks for CEOs with integrity, which might say that it is just common sense. But think about it, how many of you have had bosses with questionable integrity, honesty, and honor? How many of you have yourself done things for money, although you might slightly disagree with it?
Warren isn’t interested in the modern-day CEO who tries to act cool, play the game, and makes dishonest moves and says it’s the name of the game or don’t hate the player but hate the game.
Integrity
A direct CEO & honest
Warren also looks for CEOs and managers who are honest and direct about the situation of the business. He likes a CEO who can admit the reality of the business, especially in hard times. He doesn’t like CEOs who try to sweeten the business to the shareholders and board of directors when it’s in fact doing badly. He doesn’t like it when they try to do some accounting trickery to make the business look good. He likes CEOs who can come into a meeting and say it as it is. Considering how the world we live in is where every manager and CEO is trying to sell the idea of the business is doing good to their higher-ups when in fact there are a lot of issues.
Integrity towards Shareholders
Warren also likes a CEO who cares about their shareholders, meaning integrity in making the best decisions to increase companies’ value and doing the best decisions on behalf of shareholders. Not come into the business just for good executive compensation, whether it’s expensive dinners, private jets, expensive holidays, equity payments, and so on.
If you think you have to play dirty and lose your integrity in business, think again. Warren’s success proves it will always work out better and wealthier if you maintain integrity within your work. Let us know your thoughts and your experiences. Have you commented below?
