Coaching

Life lessons from 200 Executives: the secrets of success beyond power and money

by Paolo Gallo

7' min read

7' min read

I am lucky enough to do a job I love: I started my job as an Executive Coach exactly 12 years ago: what have I learnt in working as an Executive Coach - for at least a year - with 200 Executives? Let me introduce you to some of them, sharing true stories; I have only changed their names for obvious reasons of confidentiality. Average age 52 years, 80% Executive level, of which 35 Ceo's, 18 different nationalities, they come from diverse sectors such as finance, technology, luxury, automotive, media, international organisations, NGO's, pharmaceuticals, real estate, tourism, 60% men, 40% women, salaries from 200K up to 4 million, most responsible for functions, businesses, services and products of international scale. In re-reading their names, I asked myself: what do successful Executives have in common? Mind you, my definition of success is not about power, organisational position, their visibility, or their remuneration package, but rather the balance, wisdom, harmony of their lives, how they have developed as people, humanly, their happiness and health, physical and mental, empathy, integrity. So I prefer to call them and think of them as people of value, rather than people of success, the people for-good, the people we are happy when they are part of our lives. They all have certain characteristics in common: great workers - no one works less than 50-60 hours a week, very competent and knowledgeable in their function/industry, definitely intelligent, motivated: so these are not the discriminating factors.

What then are the character traits of people of Value? In my experience, some 3,000 hours spent with them, there are seven easily recognisable behaviours. I am not your executive coach but let me suggest that you do a self-assessment for each of these characteristics, an exercise I hope will be useful to compliment you on what you are doing well and perhaps a reflection to pay more attention to elements you have overlooked or underestimated. Deal?

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1. They take care of themselves. It seems obvious but it is not so: last week I went to visit Silvio, one of the most talented people I have ever met in my life, in hospital. Unfortunately, Silvio, with the help of a job that to call it stressful is an understatement - he has always neglected his health and his family - has started a profligate life, watered down by a lot of alcohol, smoking, sleepless nights, food gobbled down in a hurry at absurd hours, endless journeys, always on the phone. I hope - but I am not convinced - that Silvio has understood the lesson, that he has to reschedule his life or prepare his will. Exactly the opposite of Massimo, who 'cuts out' at 7pm, considers weekends sacred, dedicates at least six hours every week to exercise and does not open his smartphone on Sundays. Massimo runs a several billion euro business but looks 20 years younger than Silvio even though they are the same age.

2. Have a marriage - stable relationship. In my first job I had a colleague, later to become a friend, who was considered - rightly - a rising star in his environment. Promotions galore, Henry becomes Senior Vice President at the age of 30, earning unimaginable sums of money right away. He marries a beautiful girl he met during his master's degree at a very young age. They buy a dream house, three children arrive. It seemed like a film, an advertisement of the happy family. Then one day his wife tells him she is leaving him, he is stunned, stunned. For ten years. During this dark period, he loses clients, you can see he is no longer himself. He gets old fast. Then he meets someone else and after a few years he remarries, now he is calm again. 'I came out of the nightmare, ten years in which I didn't know where to hit my head'. Exactly the opposite of Francesco, who speaks with joy and respect for his wife. 'I never make decisions without listening to her. I trust her 100 per cent, even more than myself'.

3. They cultivate relationships based on trust. When Alessandra calls I already know what it is about: she is trying to help someone, just like Maria who 'if I can I always try to lend a hand'. They are both CEOs, they manage hundreds of people and yet they always find the time to make a phone call, to put people in touch without having a 'hidden' interest, to be helpful. Exactly the opposite of Guido who only shows up when he needs a favour, obviously by tomorrow morning. And he gets angry if you don't. This can also be seen in the way they handle the people they are responsible for. In the first case - I call them Leaders - they are people who build trust because they help people grow and make themselves available for them. A willingness to help others is also accompanied by the ability to set limits and say no when faced with absurd or unrealistic requests. Back to Guido who 'uses' people, has a purely transactional relationship of 'you only exist because I need you right now', then ignores you until the next request. His reputation I leave you to imagine.

4. They are Curious to Learn. Do you make a to-do list? I'll read you one, a real one, and then tell you who wrote it: 'I must measure the size of Milan, learn from a Master of Mathematics how a triangle works, ask Giovannino how he fenced the Tower of Ferrara, ask Benedetto how they walk on ice in Flanders, get information from a hydraulic engineer how to regulate a canal and a dam, ask Master Astronomer John the Frenchman how to measure the size of the Sun, describe the tongue of the woodpecker, go to the sauna to observe the muscles and tendons of men'. This is Leonardo da Vinci's Genius, a list written in 1490, while he was in Milan, one of the 7,200 pages he left us. 'Imagine if I have time to read a book,' Kevin tells me. For Kevin, any stimulus, training courses, museum visits or simply a conversation with a stranger, is a waste of time. The opposite of Fulvia who confesses to me: 'I always learn something from listening to taxi drivers, waiters and the most junior people in my organisation. Learning, then, is not about getting a diploma, but a mind-set, a mindset of curiosity, asking questions and above all listening as Leonardo daVinci relentlessly did.

5. Integrity, reputation and seriousness. Do you remember the Enron scandal? It struck me that their motto was 'Innovation with Integrity', which turned out to be a joke. I think that is the most important characteristic of all. People of Value do not look for shortcuts, they do not compromise, they have the Courage of their actions. I am thinking, for example, of Catia, who fought - and won a lawsuit - against a corrupt system, of Emilio, who never 'inflated or deflated' numbers to get higher bonuses, of Paola, who refused to sack an entire team to justify egregious mistakes made by Senior Management. I don't think there is any need to provide more stories: I am reminded of my father who always told me to understand the difference between people of their word and people of their word. Serious people therefore protect their reputation and want to be credible, not visible.

6. They can "read what is going on", in English "to read the room". I think you are familiar with a famous experiment from 1999 conducted by two psychologists, Daniel Simons and Chris Chabris. In this experiment, the instructions are simple: you have to count how many times a group of boys in white shirts - there are other boys in black shirts - pass the ball to each other. The observer then concentrates carefully and at the end of the short experiment answers "15 times!". Correct answer. The next question: did you notice the black gorilla crossing the room? It seems unbelievable but about 60% of the people who are subjected to this experiment do NOT notice the gorilla that appears in the video for about eight seconds. Sometimes we are so focused on an activity that we lose sight of the overall context, we don't know how to read the room, to see what is going on around us. Cristiano is a Senior Executive of a well-known bank: he tells me that his boss has told him that he will have to reduce his team by half, that he can forget his bonus for the next two-three years and that he does not know if he will be able to save his job at the end of the corporate restructuring. Cristiano does not flinch, he replies that he will work harder than ever and that it will just be a passing cloud and everything will work out. He does the 'dirty' work, cuts costs and then gets fired, their paths part, thank you and goodbye after 18 years with the company. Cristiano did not see and did not want to see the black gorilla announcing the end of a working relationship. Again, the opposite of Sonia, who in listening to at least two or three people a day - you don't know how many coffees I offer daily, she tells me with a smile - knows well in advance what is going to happen and can read the room and recognise the black gorilla immediately.

7. They ask for help and advice. Francesco explains it very well: I have my own board of directors. A small group of people - four or five at most - whom I turn to for advice when I feel stuck and when I see no viable alternatives. They are people I trust, who have no hidden agenda, we have a frank and transparent relationship. I don't call them often, maybe once or twice a year, but listening to them allows me to reflect and make the right decisions.

I confess to you that I judge the impact of my executive coaching when I become one of these people for them, whom they turn to when they perhaps just need to have a conversation to clarify their ideas: in some cases mutual esteem has created a reciprocity and symmetry. I call them when I need a sparring partner and vice versa.

12 years as anexecutive coach, 200 people, hundreds of conversation-sessions and seven lessons, useful for me and, I hope, for you too.

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