Found this superb post on Inc.com that I thought I'd re-post and share. For the full post, go to Inc.com.
More people shoot themselves in the foot, get fired, or destroy promising careers by opening their big fat mouths than any other way. And that goes for communication of any kind: face-to-face, phone, email, text, you name it.
Executives and business leaders are especially adept at documenting stuff they shouldn't even be thinking, let alone doing. Don't ask me why, but it always seems to turn up in civil depositions, criminal investigations, and congressional hearings.
Here are recent examples:
In 2011, HP vice president Scott McClellan reportedly shared previously unreleased details of the company's cloud computing strategy on his public LinkedIn profile, tipping off competitors to confidential information that should have remained under wraps. McClellan, who had spent his entire 25-year career at HP, now works for Red Hat.
In the largest insider trading scandal in history, former McKinsey managing director Raj Gupta, AMD CEO Hector Ruiz, and IBM senior vice president Bob Moffat revealed confidential insider information to billionaire hedge-fund manager Raj Rajaratnam of Galleon. It didn't end well for any of them.
Read the full post on Inc.com.