The cost of an outsized ego

10/11/2011 | SmartBrief/SmartBlog on Leadership

Business leaders need to keep their egos in check if they want to create cultures that encourage workers to be transparent and tell the truth, writes Dana Theus. A recent survey found that four out of five workers had at some point been penalized for telling the truth, with 70% blaming their boss's swollen ego for the incident. So what? you ask. Surveyed companies where employees were scared to speak their minds had 5.8% lower total shareholder return than those where people felt safe to share their thoughts.

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