Klaus Kleinfeld - CEO of Siemens | Fortune 500 CEO Reveals Why Most Leaders Fail (And How To Avoid Their Mistakes)
Podcast: Success Story with Scott D. ClaryPublished On: Mon Feb 03 2025
Description: ➡️ Start Here: https://stan.store/scottdclary ➡️ Like The Podcast? Leave A Rating: https://ratethispodcast.com/successstory ➡️ Join 321,000 people who read my free weekly newsletter: https://newsletter.scottdclary.comKlaus Kleinfeld is a visionary leader and the only person to serve as CEO of two Fortune 500 companies on two separate continents. As CEO of Siemens (SIEGY, market cap: $120B), he modernized the 170-year-old German conglomerate, driving revenues past $100B, streamlining operations, and significantly increasing profitability. Later, as CEO and Chairman of Alcoa (AA, market cap: $50B), he led the company through a historic transformation, splitting it into two industry powerhouses—Arconic (ARNC) and Alcoa Corporation (AA)—unlocking massive shareholder value. His expertise in large-scale transformation, industrial innovation, and strategic leadership has shaped global industries, including his role in developing Saudi Arabia’s $500B NEOM megacity. ➡️ Show Linkshttps://www.linkedin.com/in/klauskleinfeld/https://www.leading-to-thrive.com/ ➡️ Podcast SponsorsHubspot - https://hubspot.com/ My First Million Podcast - https://www.mfmpod.comTailor Brands - https://www.tailorbrands.com/podcast35FreshBooks - https://www.freshbooks.com/pricing-offer/Bank On Yourself - https://www.bankonyourself.com/scottBambooHR - https://www.bamboohr.com/freedemoNetSuite — https://netsuite.com/scottclary/Indeed - https://indeed.com/clary ➡️ Talking Points00:00 - Intro02:30 - Different Leadership Styles & Common Mistakes05:07 - Who Else Champions ‘Leading to Thrive’?10:03 - The Moment Klaus' Leadership Philosophy Shifted14:17 - Key Themes for Thriving Leadership20:19 - Did Klaus Talk About Energies in Corporate Leadership?22:16 - Sponsor: Tailor Brands23:15 - Why Corporate Work Culture is Broken26:48 - Stop Overthinking & Start Taking Action30:21 - Managing Energy as a Young Entrepreneur32:40 - How Great Leaders Execute with the Right Mindset37:30 - Sponsor: My First Million Podcast38:20 - Do Employees Really Understand Their Company's Purpose?42:30 - Leadership Lessons from History45:48 - Klaus on How His Purpose Has Evolved47:26 - Why Value & Purpose Drive Performance50:09 - Sponsor: FreshBooks51:32 - How to Remove People Who Don’t Align with Your Values54:53 - One Business Lesson That Applies to Startups & Billion-Dollar Companies59:05 - Final Takeaways from Klaus Kleinfeld1:00:37 - Advice Klaus Would Give His Kids
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