Praise for Leadership in the Headlines ‘A fascinating and highly readable account of leadership, in all its forms, from one of the most perceptive observers on the scene today.’ Paul Polman, CEO, Unilever ‘Anyone imagining that business news stories date quickly should read this book. A treasure trove of great business stories coupled with exquisite, practical insight, it is essential for any business leader seeking to stay challenged and up to date. A lifetime’s scep- tical inquiry gives Andrew Hill a clear view into the critical sources of business success and failure.’ Margaret Heffernan, CEO and author, Wilful Blindness ‘Who better than Andrew Hill to insightfully guide us through the important lessons of the “8 acts of leadership.” Skilfully analys- ing both current and historical cases, he provides a refreshing take on leadership in an age of rapidly changing pressures on compa- nies, where preserving competitive advantage is undermined by “fluctuating competition, short-lived opportunities and constant challenge.” The result is a perceptive and engaging book that helps leaders transition from “default management” to empowering and enabling their managers to be as effective as they can and should be.’ Mohamed A. El-Erian, author, When Markets Collide and The Only Game in Town A01_ANDR2763_01_SE_FM.indd 1 3/29/16 7:33 PM ‘An acute and insightful observer of corporate leadership, in this book Andrew Hill delights and intrigues. Full of wisdom and with touches of deep humour, it is a must read for anyone who wants to learn more about what it takes to lead at the top.’ Lynda Gratton, Professor of Management Practice, London Business School ‘Andrew Hill’s excellent book is not just an essential tour of today’s most heated management debates, it’s also a robust framework for anyone looking to lead more effectively. His powerful mix of headline news, cutting-edge research and plain-spoken language makes it essential reading for anyone asking the perennial ques- tion: “What do leaders really do?”’. Herminia Ibarra, The Cora Chaired Professor of Leadership and Learning, INSEAD ‘I read this in one go! It captures beautifully the “pipework and poetry” of corporate leadership with careful analysis, wit and intelligent advice for the immense personal challenge it offers.’ Dame Clara Furse DBE, Chief Executive of the London Stock Exchange, 2001–9 ‘Andrew Hill’s success in this book lies in his ability to understand both the human dimension of leadership based on years of expe- rience of grilling CEO’s and, at the same time, dispassionately analyse the underlying reality beneath the corporate spin. A com- pelling read with lessons for all of us.’ Sir Ian Cheshire, Lead Non-Executive Director for the UK Government and former CEO, Kingfisher plc A01_ANDR2763_01_SE_FM.indd 2 3/29/16 7:54 AM Leadership in the headlines A01_ANDR2763_01_SE_FM.indd 3 3/29/16 7:54 AM A01_ANDR2763_01_SE_FM.indd 4 3/29/16 7:54 AM Leadership in the headlines Insider insights into how leaders lead Andrew Hill A01_ANDR2763_01_SE_FM.indd 5 3/29/16 7:54 AM PEARSON EDUCATION LIMITED Edinburgh Gate Harlow CM20 2JE United Kingdom Tel: +44 (0)1279 623623 Web: www.pearson.com/uk First edition published 2016 (print and electronic) © Financial Times Ltd 2016 (print and electronic) The right of Andrew Hill to be identified as author of this work has been asserted by him in accordance with the Copyright, Designs and Patents Act 1988. The print publication is protected by copyright. Prior to any prohibited reproduction, storage in a retrieval system, distribution or transmission in any form or by any means, electronic, mechanical, recording or otherwise, permission should be obtained from the publisher or, where applicable, a licence permitting restricted copying in the United Kingdom should be obtained from the Copyright Licensing Agency Ltd, Barnard’s Inn, 86 Fetter Lane, London EC4A 1EN. The ePublication is protected by copyright and must not be copied, reproduced, transferred, distributed, leased, licensed or publicly performed or used in any way except as specifically permitted in writing by the publishers, as allowed under the terms and conditions under which it was purchased, or as strictly permitted by applicable copyright law. Any unauthorised distribution or use of this text may be a direct infringement of the author’s and the publisher’s rights and those responsible may be liable in law accordingly. All trademarks used herein are the property of their respective owners. The use of any trademark in this text does not vest in the author or publisher any trademark ownership rights in such trademarks, nor does the use of such trademarks imply any affiliation with or endorsement of this book by such owners. Pearson Education is not responsible for the content of third-party internet sites. ISBN: 978-1-292-11276-3 (print) 978-1-292-11278-7 (PDF) 978-1-292-11279-4 (ePub) British Library Cataloguing-in-Publication Data A catalogue record for the print edition is available from the British Library Library of Congress Cataloging-in-Publication Data Names: Hill, Andrew, 1964- author. Title: Leadership in the headlines : insider insights into how leaders lead / Andrew Hill. Description: 1st edition. | Harlow, England ; New York : Pearson, [2016] | Includes bibliographical references. Identifiers: LCCN 2015048218 (print) | LCCN 2016004223 (ebook) | ISBN 9781292112763 (pbk.) | ISBN 9781292112794 () Subjects: LCSH: Leadership. | Executive ability. Classification: LCC HD57.7 .H5254 2016 (print) | LCC HD57.7 (ebook) | DDC 658.4/092--dc23 LC record available at http://lccn.loc.gov/2015048218 10 9 8 7 6 5 4 3 2 1 20 19 18 17 16 Cover design by Rob Day Print edition typeset in Stone Serif ITC Pro 9/14 by Lumina Datamatics Printed by Ashford Colour Press Ltd, Gosport NOTE THAT ANY PAGE CROSS REFERENCES REFER TO THE PRINT EDITION A01_ANDR2763_01_SE_FM.indd 6 3/29/16 7:54 AM For Jimena, Tomás and Ana A01_ANDR2763_01_SE_FM.indd 7 3/29/16 7:54 AM This page intentionally left blank A01_ANDR2763_01_SE_FM.indd 8 3/29/16 7:54 AM Contents Foreword / xi Acknowledgements / xiii About the author / xv Introduction / xvii 1 Planning / 1 2 Moving / 21 3 Making / 41 4 Shaping / 61 5 Growing / 81 6 Coping / 99 7 Sharing / 119 8 Leaving / 139 9 Leading in the 21st century / 159 Bibliography / 169 Notes / 173 Index / 181 A01_ANDR2763_01_SE_FM.indd 9 3/29/16 7:54 AM