What a Delusional CEO Drives
One thing I love about the Toyota Way is the humility and down-to-Earth nature of leaders, it's such a contrast to the arrogance you so often see in other circles. USA Today had an interesting article about what CEO's drive and the message it sends. Some drive very practical cars to send a frugal message, others are flashy and use that to push their employees (including one who, somewhat perversely, wants employees to be in debt so they'll be motivated to sell more — yikes).
The real laugher was this… I can only imagine that this guy is like:
“‘My employees like to see me driving a nice car,' says Larry Gaynor, CEO of Nailco Group, a beauty products company, who drives a white $100,000 Porsche 911 Carrera S Cabriolet. ‘It gives them a feeling the company is doing well.'
Perhaps, Gaynor says, there are other reasons employees notice what he drives. ‘For years I parked at whatever spot was open,' he says. ‘A couple of years ago we redid the parking lot, and some of my employees told me that I should have a reserved space.' Now, everyone now knows if he is at work, or away.”
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Yeah, I'm sure the employees feel so warm and fuzzy that the CEO is being paid so well. And he has himself convinced about the reserved space. Would you guess the employees are scared of him if they need to be able to tell if he's there or not? Again, all speculation, but sounds like a potentially dysfunctional workplace, don't you think?