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Discovering Your Authentic Leadership
When the 75 members of a rising stock price. Often their drive enables problem.” Pottruck then made a determined
Stanford Graduate them to be professionally successful for a while, effort to change. As he described it, “I was like
School of Business’s but they are unable to sustain that success. As a guy who has had three heart attacks and fi-
Advisory Council were they age, they may find something is missing nally realizes he has to quit smoking and lose
asked to recommend the in their lives and realize they are holding back some weight.”
most important from being the person they want to be. Know-
capability for leaders to ing their authentic selves requires the courage These days Pottruck is happily remarried
develop, their answer and honesty to open up and examine their ex- and listens carefully when his wife offers con-
was nearly unanimous: periences. As they do so, leaders become more structive feedback. He acknowledges that he
self-awareness. humane and willing to be vulnerable. falls back on his old habits at times, particu-
larly in high stress situations, but now he has
Of all the leaders we interviewed, David developed ways of coping with stress. “I have
Pottruck, former CEO of Charles Schwab, had had enough success in life to have that founda-
one of the most persistent journeys to self- tion of self-respect, so I can take the criticism
awareness. An all-league football player in and not deny it. I have finally learned to toler-
high school, Pottruck became MVP of his col- ate my failures and disappointments and not
lege team at the University of Pennsylvania. beat myself up.”
After completing his MBA at Wharton and a
stint with Citigroup, he joined Charles Schwab Practicing Your Values and
as head of marketing, moving from New York Principles
to San Francisco. An extremely hard worker,
Pottruck could not understand why his new The values that form the basis for authentic
colleagues resented the long hours he put in leadership are derived from your beliefs and
and his aggressiveness in pushing for results. “I convictions, but you will not know what your
thought my accomplishments would speak for true values are until they are tested under
themselves,” he said. “It never occurred to me pressure. It is relatively easy to list your values
that my level of energy would intimidate and and to live by them when things are going
offend other people, because in my mind I was well. When your success, your career, or even
trying to help the company.” your life hangs in the balance, you learn what
is most important, what you are prepared to
Pottruck was shocked when his boss told sacrifice, and what trade-offs you are willing
him, “Dave, your colleagues do not trust you.” to make.
As he recalled, “That feedback was like a dag-
ger to my heart. I was in denial, as I didn’t Leadership principles are values translated
see myself as others saw me. I became a light- into action. Having a solid base of values and
ning rod for friction, but I had no idea how self- testing them under fire enables you to develop
serving I looked to other people. Still, some- the principles you will use in leading. For ex-
where in my inner core the feedback resonated ample, a value such as “concern for others”
as true.” Pottruck realized that he could not might be translated into a leadership principle
succeed unless he identified and overcame his such as “create a work environment where
blind spots. people are respected for their contributions,
provided job security, and allowed to fulfill
Denial can be the greatest hurdle that lead- their potential.”
ers face in becoming self-aware. They all have
egos that need to be stroked, insecurities that Consider Jon Huntsman, the founder and
need to be smoothed, fears that need to be al- chairman of Huntsman Corporation. His moral
layed. Authentic leaders realize that they have values were deeply challenged when he worked
to be willing to listen to feedback—especially for the Nixon administration in 1972, shortly
the kind they don’t want to hear. It was only before Watergate. After a brief stint in the U.S.
after his second divorce that Pottruck finally Department of Health, Education, and Welfare
was able to acknowledge that he still had large (HEW), he took a job under H.R. Haldeman,
blind spots: “After my second marriage fell President Nixon’s powerful chief of staff. Hunts-
apart, I thought I had a wife-selection prob- man said he found the experience of taking
lem.” Then he worked with a counselor who orders from Haldeman “very mixed. I wasn’t
delivered some hard truths: “The good news is geared to take orders, irrespective of whether
you do not have a wife-selection problem; they were ethically or morally right.” He ex-
the bad news is you have a husband-behavior plained, “We had a few clashes, as plenty of
things that Haldeman wanted to do were ques-
harvard business review • hbr.org • february 2007 page 4
Purchased by Ken Hampian (kchampian@charter.net) on March 15, 2013