Tuesday, July 24, 2007

How to survive a scandal


What do Martha Stewart, Winston Churchill and Bill Clinton have in common? They have all endured public scandal and disgrace, bounced back, and gone on to achieve further success.

Some are galvanised: hotelier Rocco Forte's more than rebounded from losing the family business, creating an even stronger brand. But not every career disaster turns into a triumph. Why do some leaders make a recovery and others sink without trace? Remember John Sculley of Apple, Jeff Skilling of Enron, George Fisher of Kodak? Probably not, except as yesterday's men. Research by Harvard University finds that 40 per cent of failed CEOs disappear from the workforce altogether. So, if you've had a disaster, what are the main barriers to recovering your career?

Jeff Sonnenfeld, co-author of Firing Back-How Great Leaders Rebound After Career Disasters,comments: "First, there is the shame we feel over job loss-especially if we try to disguise what happened. There is also often a sense of rage over a perceived sense of betrayal by others that led to the situation, or a denial that it really happened. If a leader gets sucked into an emotional whirlpool, it is very hard to climb back out."

See full Article.