Klaus Kleinfeld - CEO of Siemens | Fortune 500 CEO Reveals Why Most Leaders Fail (And How To Avoid Their Mistakes)

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Klaus 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 Links

https://www.linkedin.com/in/klauskleinfeld/

https://www.leading-to-thrive.com/

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➡️ Talking Points

00:00 - Intro

02:30 - Different Leadership Styles & Common Mistakes

05:07 - Who Else Champions ‘Leading to Thrive’?

10:03 - The Moment Klaus' Leadership Philosophy Shifted

14:17 - Key Themes for Thriving Leadership

20:19 - Did Klaus Talk About Energies in Corporate Leadership?

22:16 - Sponsor: Tailor Brands

23:15 - Why Corporate Work Culture is Broken

26:48 - Stop Overthinking & Start Taking Action

30:21 - Managing Energy as a Young Entrepreneur

32:40 - How Great Leaders Execute with the Right Mindset

37:30 - Sponsor: My First Million Podcast

38:20 - Do Employees Really Understand Their Company's Purpose?

42:30 - Leadership Lessons from History

45:48 - Klaus on How His Purpose Has Evolved

47:26 - Why Value & Purpose Drive Performance

50:09 - Sponsor: FreshBooks

51:32 - How to Remove People Who Don’t Align with Your Values

54:53 - One Business Lesson That Applies to Startups & Billion-Dollar Companies

59:05 - Final Takeaways from Klaus Kleinfeld

1:00:37 - Advice Klaus Would Give His Kids

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