EPISODE · Jun 18, 2024 · 44 MIN
How a Bad CEO Hire at Boeing Led to 300 Deaths
from We Live to Build
How a Bad CEO Hire at Boeing Led to 300 Deaths. In this interview, Tom Verboven, a senior director who assesses executive talent for Fortune 500 companies, uses the tragic case of Boeing to illustrate the life-or-death stakes of leadership selection. He explains how hiring a CEO who didn't embrace the company's "safety first" culture resulted in catastrophic quality issues, hundreds of deaths, and a collapse in share price. Tom also reveals why hiring a new CEO is statistically a "50/50 gamble," like flipping a coin. We discuss the hidden forces of "bias" and "noise"—like whether an interviewer is hungry, hot, or if their favorite sports team lost—that unconsciously impact critical hiring decisions. Finally, we explore the dangers of using AI in hiring and why, without proper oversight, it will likely reinforce biases to only select "white male, 45 plus" candidates. Check out the company: https://thetalententerprise.comBook a 1-on-1 advisory session with me to apply these principles to your business: https://calendly.com/wltb/advisory👀 CONNECT WITH SEANSubscribe: https://www.youtube.com/@seanweisbrotLinkedIn: https://linkedin.com/in/seanweisbrotInquiries: [email protected]🕒 CHAPTERS00:00 - My Accidental Career Assessing Leaders03:31 - Why Most Companies Use the Wrong "Success Profile"07:11 - How Do You Assess Creativity and Innovation?10:41 - Why Hiring a New CEO is a 50/50 Gamble14:44 - The Boeing Example: A Bad Hire, 300 Deaths18:30 - "Noise": How Hunger, Heat & Sports Bias Your Decisions22:16 - The Unseen Dangers of AI in Hiring29:49 - Why AI Will Only Hire White Men33:33 - My Job Will Be Replaced By an Algorithm40:53 - The Most Important Trait in Any Leader📈 WORK WITH ME▶ Book a Paid Advisory Session: https://calendly.com/wltb/advisory▶ Sponsor the Channel: https://www.welivetobuild.com/collaborate▶ My AI/Automation Agency: https://optimai.aiLeave a Review (it truly helps us grow): https://welivetobuild.com/review Hosted on Acast. See acast.com/privacy for more information.
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How a Bad CEO Hire at Boeing Led to 300 Deaths
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