Britt Newhouse, former chairman of Guy Carpenter, discussed some lessons in leadership from his career and his parents.

He often recalls things his mother and father told him—truisms for both life and work. “My parents used to say, ‘You don’t have to remember what you said if you never tell a lie,'” he said. “While it’s probably not the best motivation for telling the truth, it takes a lifetime to build a reputation for honesty and integrity, and you can ruin it in one day.”

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