This past month, seven of American Airlines top executives made the announcement to their company, that they had, together, purchased over 110,000 shares in the company for over $3M with personal funds. In their words, “These share purchases are not part of our compensation package. They were purchased solely because of the value we see in American today and over time.”
After a particularly rough year for American Airlines, this came at quite a shock to the business community. But from a perspective of leadership, and treating your team like a company, I’d like to ask: Would you be willing to invest a million in your team? What is your team worth for you?
I realize a million is saying quite a lot, but think for a minute: Why or why not? What about your team that you work with every day would cause you to hesitate?
One of the greatest assets to good leadership is the ability to recognize when there is a problem. In fact, for many leaders, that’s half the problem!
Your challenge this week is to evaluate your team, then make a written inventory of if you would or would not invest a million on the future of your team.
This exercise isn’t to nitpick the negative. It’s to see the real strengths and the real issues and use that as a groundwork of improvement in our next challenges.
Good luck this week and have wonderful 4th of July, for those readers who are US based.