The Icarus syndrome, with its signature lack of humility, is a pattern that every leader needs to be concerned about.
Often, these leaders have let adulation go to their heads.
Fuelled by excitement, these leaders are unable to rein in their misguided enthusiasm before it is too late. In organisations, the Icarus syndrome characterises leaders who initiate overly ambitious projects that come to naught, causing harm to themselves and others in the process. As the wax in his wings melted, he tumbled into the sea and drowned. The saying “don't fly too close to the sun” is a reference to Icarus’ recklessness and defiance of limitations. Icarus was so intoxicated by the experience of flight that he went higher and higher. He also cautioned Icarus not to fly too low, as the feathers could get wet in the sea. He warned his son not to fly too close to the sun, as the wax would melt. To escape, Daedalus – a master craftsman – created two sets of wings made of wax and feathers. In Greek mythology, Icarus and his father, Daedalus, were imprisoned on an island by King Minos. David would remain famous for sinking his own company and costing thousands of people their livelihoods. One wrote: “Not only was his latest takeover a mistake, but his endless side ventures – buying an upscale restaurant in London, sponsoring a football club, financing a private clinic – are too great a drain on the company’s resources.” The damage was done. Then bankers became nervous and soon reporters joined in. Some analysts had said that he paid far too much for the company. Many articles had portrayed him as an entrepreneur who had reframed his industry, which gave him the courage to make his boldest move yet: taking over his largest competitor. David was extremely gratified when he was named businessman of the year.
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