When the unexpected does happen, a kind of instinctive triage kicks in. You have to rely on your own internal "threat scale." There are drop-everything events, and there are others when you say to yourself, This is serious, I need to be engaged right now, but I also need to extricate myself and focus on other things and return to this later. Sometimes, even though you're "in charge," you need to be aware that in the moment you might have nothing to add, and so you don't wade in. You trust your people to do their jobs and focus your energies on some other pressing issue.

Tom Murphy and Dan Burke were two of the most authentic people I've ever met, genuinely themselves at all times. No airs, no big egos that needed to be managed, no false sincerity. They comported themselves with the same honesty and forthrightness no matter who they were talking to. They were shrewd business people (Warren Buffett later called them "probably the greatest two-person combination in management that the world has ever seen or maybe ever will see"), but it was more than that. I learned from them that genuine decency and professional competitiveness weren't mutually exclusive. In fact, true integrity—a sense of knowing who you are and being guided by your own clear sense of right and wrong is a kind of secret weapon. hey trusted in their own instincts, they treated people with respect, and over time the company came to represent the values they lived by. A lot of us were getting paid less than we would have been Paid if we went to a competitor. We knew they were cheap. But we stayed because we felt so loyal to these two men.

Decades after I stopped working for Roone Arledge, I watched a documentary, Jiro Dreams of Sushi, about a master sushi chef from Tokyo named Jiro Ono, whose restaurant has three Michelin stars and is one of the most sought-after reservations in the world. In the film, he's in his late eighties and still trying to perfect his art. He is described by some as being the living embodiment of the Japanese word shokunin, which is "the endless pursuit of perfection for some greater good." I fell in love with Jiro when I watched it and became fascinated by the concept of shokunin.

You can't let ambition get too far ahead of opportunity. I've seen a lot of people who had their sights set on a particular job or project, but the opportunity to actually get that thing was so slim. Their focus on the small thing in the distance became a problem. They grew impatient with where they were. They didn't tend enough to the responsibilities they did have, because they were longing so much for something else, and so their ambition became counterproductive. It's important to know how to find the balance—do the job you have well; be patient; look for opportunities to pitch in and expand and grow; and make yourself one of the people, through attitude and energy and focus, that your bosses feel they have to turn to when an opportunity arises.

Tom Murphy and Dan Burke hired people who were smart and decent and hardworking, they put those people in positions of big responsibility, and they gave them the support and autonomy needed to do the job. They were also tremendously generous with their time and always accessible. Because of this, executives working for them always had a clear sense of what their priorities were, and their focus enabled us all to be focused, too.

Roone Arledge's storytelling instincts were as sharp as ever. But it was such a stressful way to kick things off, and a reminder of how one person's unwillingness to give a timely response can cause so much unnecessary strain and inefficiency.

It's a delicate thing, finding the balance between demanding that your people perform and not instilling a fear of failure in them. Most of us who worked for Roone Arledge wanted to live up to his standards, but we also knew that he had no patience for excuses and that he could easily turn on anyone, in his singularly cutting, somewhat cruel, way, if he felt we weren't performing to his satisfaction.

The dynamics between a CEO and the next person in line for his or her job are often fraught, though. We all want to believe were irreplaceable. The trick is to be self-aware enough that you don't cling to the notion that you are the only person who can do this job. At its essence, good leadership isn't about being indispensable; it's about helping others be prepared to possibly step into your shoes- giving them access to your own decision making, identifying the skills they need to develop and helping them improve [...]

I wake nearly every morning at four-fifteen, though now I do it for selfish reasons: to have time to think and read and exercise before the demands of the day take over.

Meeting after meeting was either canceled, rescheduled, or abbreviated, and soon every top executive at Disney was whispering behind his back about what a disaster he was. Managing your own time and respecting others' time is one of the most vital things to do as a manager, and he was horrendous at it.

It was only later, looking back, that I realized that so much of what we accomplished didn't have to come at such a cost. I was motivated by Roone's drive for perfection and have carried it with me ever since. But I learned something else along the way, too: Excellence and fairness don't have to be mutually exclusive.

What I meant when I talked about "the relentless pursuit of perfection." [...] is what it looks like to take immense personal pride in the work you create, and to have both the instinct toward perfection and the work ethic to follow through on that instinct.

When I confessed that it was my fault in that meeting, Roone never said anything to me about it, but he treated me differently, with higher regard, it seemed, from that moment on. In my early days, I thought there was only one lesson in this story, the obvious one about the importance of taking responsibility when you screw up. That's true, and it's significant. In your work, in your life, you'll be more respected and trusted by the people around you if you honestly own up to your mistakes. It's impossible not to make them; but it is possible to acknowledge them, learn from them, and set an example that it's okay to get things wrong sometimes. What's not okay is to undermine others by lying about something or covering your own ass first.