Goldman Sachs CEO David Solomon shares his best leadership advice

Goldman Sachs CEO David Solomon

  • Goldman
    Sachs
    CEO David Solomon says leadership is about learning to
    admit when you’re wrong and to change your point of
    view.
  • Solomon shared that insight on the JJ Redick
    Podcast.
  • He added that he’s a better listener today than he was
    20 years ago, though he’s still learning how to adapt when he gets
    something wrong.

David Solomon became the CEO of Goldman Sachs in October 2018,
after nearly 20 years with the firm. He previously served as
president and chief operating officer.

On an episode of
The JJ Redick Podcast
, Solomon shared how his leadership style
has evolved over time, as well as some advice for managers.

“I’d say I’m a much better listener at 57 than I was at 37,”
Solomon told Redick. “I can be very strident, very opinionated, but
I also change my mind. And I’m willing to change my mind and say
that I’m wrong, even if I have been forceful about a point of
view.”

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Solomon spoke more generally about leadership: “You will get
some things right and you will get some things wrong. You’ve got to
be willing to learn, change your view, be open, and you’ve got to
figure out how to listen.”

Some experts agree that the willingness to change your mind is
an important trait of a successful leader.

Al Pittampalli, the author of “Persuadable:
How Great Leaders Change Their Minds to Change the World
,”
writes
on Quartz
that the most effective leaders “constantly question
their own beliefs, welcome dissenting points of view, and are fully
prepared to change their minds in the face of new evidence. They
don’t particularly care if that makes them look less heroic.”

Read more:
The best leaders tend to be the ones who didn’t want the job in the
first place

Meanwhile,
on Inc.
, Marcel Schwantes writes that being humble is an
important trait of a great leader. He writes, “Humble leaders speak
three magical words that will produce more peace of mind and
respect than a week’s worth of executive coaching with me: ‘I was
wrong.’ And three more: ‘You are right.'”

On the podcast episode, Solomon said that a leader’s response to
learning that they were mistaken is key. He said, “How you adapt
and adjust to the things you get wrong is really important, how you
respond to adversity is really important, and so there’s no right
way. And I’m still learning.”

SEE ALSO: Goldman
Sachs CEO David Solomon shares his number one piece of advice for
millennials who want to get ahead in their careers


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Goldman Sachs CEO David Solomon shares his best leadership advice