He’s chairman and CEO of a global empire that has customers in 145 countries. In 2011, his company generated $483.9 million in revenue. Yet in some ways, he’s the Rodney Dangerfield of the C-Suite.
Vince McMahon’s World Wrestling Entertainment, which blends wrestling, entertainment and colorful superstars in a made-for-the-masses format, is marking its 1,000th broadcast.
Love him or laugh at him, you can’t deny McMahon, an incredibly-fit looking 66, has hit upon managerial secrets to business success.
Among the nuggets of wisdom he shared in a recent interview:
- Lead by example: “You can’t say, ‘Go do so-and-so,’ unless you’re willing to do it. You can’t ask someone to put in a zillion hours unless you’re willing to go do it. You can’t ask anyone to have a passion for a product unless you have it.”
- Fresh start — every day: “One of my expressions is, ‘First day on the job.’ That’s the way I like our executives to look at our business every day and what they do… Bringing that degree of intelligence and flexibility into the organization is very, very important.”
- No fear: “If you have all the answers, why is anyone around you? If your ego is so big, then there’s no room for anyone else’s. The fear stuff — that is so rotten.”
- BS-free zone: “I’m very straightforward and honest with people. That’s what I want back. Don’t tell me how to make the watch — tell me what time it is. Be honest. It cuts through a lot of crap. People know where they stand. They know where you stand. Life becomes a lot easier.”
- No standing still: “Indecision ticks me off, but complacency would be the biggest thing. I don’t take anything for granted … If I climb a mountain, I want to see the next peak. Encourage employees by giving them other opportunities.”