Get in the Millionaire-making Business

John Chambers, the former CEO of Cisco Systems, is very proud of the fact that the company created over 10,000 millionaires over the course of his tenure.

Lots of people want to be millionaires. I was impressed that Mr. Chambers was excited about his active role in making millionaires.

What would happen if more leaders dedicated themselves to creating more millionaires* in their business?

What would meetings look like?

How about organizational pace and focus?

What about performance discussions and hiring decisions?

What about openness to entrepreneurial ideas?

What about the impact on a culture of accountability?

(*And note that when I say “making millionaires” I mean that as a metaphor for “very well rewarded” and know that number means different things in different situations. For the founders of companies that might be big numbers after an exit. For others that might mean making substantially more than they ever thought they might over the course of a career.)

The job of a leader is first and foremost creating value and getting results. Sometimes that simple reality gets lost with an outsized emphasis on how leaders should lead. Leaders who simply focus on style and don’t get results that are meaningful to the organization and the people who have dedicated themselves to it are not doing anyone any favors.

Are you inspired by the prospect of helping others realize significant financial and career goals?

If you do, focus all your energy on developing a company that creates enormous value and tremendous opportunity for those who are willing to do what it takes to make something great. The rewards will be great for all concerned.