18.The Law of Sacrifice: A Leader Must Give Up to Go Up.

Points of the Principle

Leadership and success have costs. Leaders are oftentimes faced with the need to

give up their rights to think of themselves. Instead, they have to sacrifice for the sake

of the organization. Leadership requires sacrifice. Usually, the higher the position,

the higher the sacrifice.

Leaders Who Lived Out the Law: Lee Iaccoca's sacrifices for Chrysler included

reducing his annual salary to one dollar. And then, he requested other managers to

accept a 10% pay cut. Soon after, the company turned around even if the economic

circumstances were not favorable.

Martin Luther King paid an even higher price; he sacrificed his life for his dream and

found joy and fulfillment in doing so.