Fortune 500 CEO Reveals Why Most Leaders Fail | Klaus Kleinfeld - CEO of Siemens

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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

➡️ Success Story Podcast - Stories Worth Telling

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Welcome to the Success Story Podcast, hosted by entrepreneur, business executive, author, educator & speaker, Scott Clary.

On this podcast, Scott has candid interviews with entrepreneurs, celebrities, notable figures, and politicians. All who have achieved success through both wins and losses, to learn more about their life, their ideas, and insights.

He sits down with leaders and mentors and unpacks their stories to help pass those lessons on to others through both experiences and tactical strategies for business professionals, entrepreneurs, and everyone in between.

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