Take lack of candor. ... I'm not talking about boldface lying, but a tendency to withhold information. That behavior is far more common, and it frustrates teams and bosses to no end.

Failing to differentiate among employees — and holding on to bottom-tier performers — is actually the cruelest form of management there is.

Cash is king. Get every drop of cash you can get and hold onto it.

A leader's role is not to control people or stay on top of things, but rather to guide, energize and excite.

In order to lead a country or a company, you've got to get everybody on the same page and you've got to be able to have a vision of where you're going. America can't have a vision of health care for everybody, green economy, regulations - can't have a bunch of piece - meal activities. It's got to have a vision.

If we don't create private sector jobs and just - just creating public sector jobs, we're going nowhere. This is a bad game. You've got to have innovation. You've got to have tax policies that support innovation.

If I had to run a company on three measures, those measures would be customer satisfaction, employee satisfaction and cash flow.