“Unless they were looking for another job, executives weren’t seeking help from others.”
-Jack Stahl
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There’s climbing the corporate ladder rapidly, and then there’s what Jack Stahl did. By the age of 36, he was the chief financial officer at Coca-Cola, at the time the world’s 44th-largest firm. By 42, he was leading the company’s largest division. By 47, he was the company’s president and chief operating officer. When he switched firms in 2001, becoming CEO of cosmetics company Revlon, he became one of the few people who have led two iconic consumer-products firms before the age of 50.
Stahl credits his rapid advancement to the helping hands offered to him by others. “People would sit down with me at the end of the day and give advice on how to solve problems.” Each person who offered advice would become part of Stahl’s network—someone he could tap for help on future stops, along with the new people he met along the way. Yet during his rise, he noticed that other executives only grew more isolated the higher they moved up. In such silos, they could rely on their own instincts and skills—but not much else. “Unless they were looking for another job, executives weren’t seeking help from others or positioning themselves to offer support to those in their network,” he says.
Ask any career coach, and they’ll say that networking is essential at the beginning, or even middle, of one’s career. That’s how burgeoning professionals develop contacts, unearth opportunities, and gain insights that can eventually help them solve big business problems. Indeed, 79 percent of professionals believe that career success depends on networking, according to a 2023 study by career-consulting firm Zippia.
Yet many CEOs and other executives skip networking. Ego is involved, of course; they’re at—or near—the top already, so who could possibly help them? Others fear that a request for help might be seen as a sign of weakness. Executives have privacy concerns, too—that by talking about certain situations, they might inadvertently reveal critical information.
But those worries don’t make networking any less essential to executives, says Kevin Cashman, Korn Ferry’s vice chairman of CEO and enterprise leadership, who has coached and developed hundreds of the world’s top bosses. Today’s pressures pose so many questions. Individually, many leaders may not have the answers, but collectively, they can brainstorm to find them. It’s also true that a hesitation to network could hurt an organization. A 2018 academic study found that organizations run by CEOs with smaller, less connected networks tended to have far less revenue growth than those run by CEOs with big, diverse networks.
How can more CEOs build networks? How can those networks help them contend with today’s mounting pressures? In a wide-ranging chat, Stahl and Cashman shared insights on how much leadership in the corner office has changed—and how much it hasn’t—and the role that networking can play.