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Rocket Lab's CEO says being paranoid at work is his superpower — but it can come at a huge cost

11 December 2024 at 02:15
Rocket Lab's CEO Peter Beck
Rocket Lab's CEO Peter Beck.

Phil Walter/Getty Images

  • Rocket Lab CEO Peter Beck views paranoia as a leadership superpower.
  • Experts warn Beck's mindset may lead to burnout and a toxic work environment.
  • Effective leadership requires resilience and fostering a culture of trust, workplace pros say.

Peter Beck doesn't sleep soundly and thinks paranoia is a "superpower."

The founder and CEO of the aerospace company Rocket Lab told CNBC in an interview that going home and sleeping soundly every night "just doesn't seem a tangible possibility."

He also described himself as a "chronic workaholic" and a "micromanager," and said he was "paranoid about everything, especially failure."

While some other leaders share Beck's views, workplace pros think it might be a recipe for burnout and stress.

Heather Lamb, a workplace well-being expert and author of "How Not to Be a People Pleaser," told Business Insider that while constantly being on your toes may feel like a way to stay sharp, this mentality "breeds a toxic work environment."

"Instead, constant stress and fear of falling short can inspire anxiety, self-doubt, and burnout that is damaging to productivity and well-being alike," she said.

A recipe for success?

Beck became the "newest space billionaire" in November, according to Forbes, with his 10% stake in Rocket Lab worth $970 million, and having accrued $65 million from selling shares.

The company is currently valued at $11.2 billion, according to CNBC.

Still, he is lagging behind other space entrepreneurs, including Elon Musk (worth $354 billion) with SpaceX and Jeff Bezos (worth $240 billion) with Blue Origin.

Rocket Lab's stock price surged to an all-time high at the end of November. While the company rivals Musk's SpaceX, Beck previously told BI he has no intention of colonizing Mars.

Instead, Rocket Lab focuses on building and managing rockets and satellites.

"Rocket Lab will never have the capital that Jeff and Elon have," Beck told Bloomberg News in an interview. "But all that means is you have to be a bit better at hustling, a little bit better at being innovative. You can't break the laws of physics no matter how much capital you've got."

Caution vs fear

Beck believes that his paranoia and micromanaging have helped his career.

In the short term, paranoia and a hyper-vigilant mindset can drive exceptional results, Edel Holliday-Quinn, a business psychologist who has worked in senior roles at Citi and PwC, told BI, especially in high-stakes industries like aerospace.

Breese Annable, a licensed clinical psychologist and career coach who has worked with many high-achieving professionals, also told BI that some level of alertness can be valuable for leaders.

"Anticipating challenges and planning for contingencies are facets of strategic thinking," she said. "However, when vigilance crosses into chronic hypervigilance, the psychological and relational costs outweigh the benefits."

Lamb told BI that leaders who are always anxious about the next misstep may lose sight of their own well-being.

"The world thrives on fear β€” yeah, people take pride in their work, for sure," she said. "Wanting to do good work is a fine goal. But if paranoia is at the heart of it, you are working to inhibit yourself rather than improve."

There's a difference between exercising caution and being immobilized with fear of failure, Lamb added.

"Realistic caution is the practice of thinking about the future, having contingency plans, and being mindful of all of the hurdles we face," she said. "But it's about managing those worries in a way that won't overwhelm you."

Negative impacts are individual and workplace-wide

Sleep deprivation significantly affects cognitive functioning, decision-making, and emotional regulation, Annable said, and if it is experienced long-term, it has been linked to higher risks of cardiovascular disease and weakened immune function.

Chronic stress can also have physiological effects by contributing to chronic illnesses like high blood pressure.

And it's not just the individual who is affected.

Worrying too much about the future can have a lasting impact on the workforce as well.

Leaders who are on edge and driven by failure are likely to be micromanagers, Holliday-Quinn said, which can create a toxic workplace culture.

"Research consistently shows that employees under micromanagers experience lower job satisfaction, decreased engagement, and higher turnover rates," Annable said. "This creates a ripple effect that can undermine long-term organizational success."

Over time, this can lead to high turnover and low employee happiness.

"Employees may feel disempowered, undervalued, and overly scrutinized," she said. "Which stifles creativity and collaboration."

True effective leadership, Holliday-Quinn said, requires "resilience, self-awareness, and the ability to foster a culture of trust, collaboration, and empowerment."

"These are the hallmarks of leaders who leave a lasting legacy," she said. "Not just in terms of success but in terms of the positive impact they have on their organizations and the people within them."

Beck didn't respond to a request for comment from BI.

Read the original article on Business Insider

Blackpink's RosΓ© says 'squishy breaks' help her cope with anxiety

By: Erin Liam
28 November 2024 at 20:38
Rose visits SiriusXM Studios on October 10, 2024 in New York City
RosΓ© discussed how she copes with her anxiety.

Santiago Felipe/Getty Images

  • RosΓ© opened up about how she copes with anxiety.
  • The Blackpink member said she only noticed her anxiety recently and uses stress balls to help.
  • This is not the first time she has discussed mental health β€” a topic that can be seen as taboo in the K-pop industry.

K-pop megastar RosΓ© is speaking up about how she copes with anxiety.

On Wednesday's episode of "Therapuss with Jake Shane," the Blackpink member said she only started to notice her anxiety recently.

"I think it's gone really bad over these past few years," said RosΓ©, 27. She added that her friends who have worked with her 3 or 4 years ago have told her she's been "a little different" this year.

"And I was like, 'Am I?' I think that's probably the anxiety," she said.

The "APT" singer said she had never needed things like stress balls before. "I'm like, 'I don't understand stress balls, like why would you ever need them?' is what I thought, until I came across one during a meeting once. I was like, 'Ew, what is that?' I touched it and thought it was disgusting. And then I touched it again and was like, 'Oh, it's kind of a cool texture,'" she recalled.

From then on, she started using stress balls at "every single meeting," she said. "I ended up doing this serious meeting with somebody, and I got through it so well," she said. She realized it was the stress ball. "It just helps," she continued.

That's when she diagnosed herself with "bad anxiety," she said.

RosΓ© said that having a stress ball helps her to cope with anxious feelings. "If I'm going for it, I'm like, 'I know I have anxiety.' So I know how to articulate it," she said, adding that she can tell the people around her when she needs a 5-minute break.

"You know how people go for smoke breaks? I need a squishy break," she said.

This is not the first time the K-pop star has opened up about mental health β€” a topic that can be seen as taboo in South Korea.

"The blame lies with South Korean society in general," Ryu Sang-ho, a neurologist from Busan, previously told The Guardian following the suicides of K-pop stars. "Many people with mental health issues are reluctant to take medication for fear of being seen as weak-minded," Ryu said.

Last November, RosΓ© spoke at aΒ mental health event hosted by First Lady Jill Biden about the importance of taking care of mental health.

"In order for me to create and share positivity through my music, my mental health needs to be taken care of as a matter of priority," she said, adding, "Just as we train ourselves for better health and fitness, mental health can only be maintained with equally, if not more attention, as our physical well-being."

A representative for RosΓ© did not immediately respond to a request for comment sent outside regular business hours.

Managing anxiety at work

Anxiety is a growing issue in the workplace. A March report by mental health service provider ComPsych found that the No. 1 presenting issue reported by US workers was anxiety, based on their sample analysis of more than 300,000 US cases.

Marla Deibler, licensed clinical psychologist, previously told BI that anxiety is a normal response to stress.

"Let it in when it shows up. Practice acceptance. Rather than trying to push it away (which tends to be futile, resulting in feeling more overwhelmed and less in control), make room for anxiety," she said.

She added that not every thought is necessarily true and can sometimes be unhelpful. "Notice the thoughts. Note that they are not objective truths. You get to decide whether the thoughts are worthy of your attention."

Beyond tips like practicing deep breathing, consuming less caffeine, and staying connected with friends, people who live with anxiety can consider seeking professional help.

Read the original article on Business Insider

3 moms describe their symptoms of postpartum depression, and pushing through as they went back to work

22 November 2024 at 10:41
A mother looking stressed as she holds her newborn baby

FatCamera/Getty Images

  • A new study found that postpartum depression rates doubled over the past decade.
  • Mothers interviewed by Business Insider shared a range of symptoms, including anxiety and OCD.
  • Researchers say early intervention is key, but some are scared to share their symptoms.

When Bri Ramos was pregnant with her second child, she was already worried about the symptoms she experienced with her first. The lack of motivation or excitement. The severe anxiety that, up until having her first child, she never dealt with before.

Then, she started having panic attacks in her second pregnancy.

"I was like, 'Oh, here it goes again,'" Ramos, 36, told Business Insider. Her doctor saw Ramos "walking right into some bad postpartum" and took a proactive approach: prescribing Ramos Zoloft shortly after she gave birth.

Ramos is one of the many mothers diagnosed with postpartum depression. A new study from JAMA found that postpartum depression diagnoses have doubled in the last decade.

Dr. Nehaa Khadka, a maternal and child health epidemiologist at Kaiser Permanente Southern California and lead researcher on the study, told Business Insider her team was surprised by how high the rise was.

While it could be partly due to increased awareness and screening, there seems to be more at play.

Rates of depression and loneliness are on the rise, and were turbocharged during the pandemic. Emerging cultural pressures to return to work quickly or to be the perfect parent can play a role too, therapists say.

Behind the research, many mothers with PPD say they still feel misunderstood, left in the dark, and lacking resources.

Working mothers are forced to slow down

Ramos, the founder and creative director of an ad agency, said one of the hardest postpartum adjustments for her was accepting a "new season" of her life.

"So many women go through an identity crisis because it's like, 'I've been this high-achieving career woman, and now I am at home for the next six or 12 months taking care of a child,'" she said. She had to take time to figure out who she was as a mother, separate from her usual work routine.

Not every working mom has the ability to take time off and transition into motherhood. There is no national paid maternity leave in the US; full-time working moms have to rely on their employers' individual policies. This puts mothers in a precarious position: if they can't take more time off to recover, their depressive symptoms can impact their productivity, putting their jobs on the line.

When Stephanie Fornaro had her second child at 33, she had "just an overwhelming feeling of doom and sadness." She also felt resentment toward her husband when he went to work, leaving her fully in charge of their son.

Because her symptoms were physically debilitating, she quit her software sales job for two years. Not working contributed to her depression, too.

"When you're accustomed to a demanding job and 'performing' and then you go to a slower pace, and solitude, it's a major adjustment that I think many underestimate," Fornaro, 39, said.

Plowing ahead, potentially ignoring postpartum depression symptoms, can lead to quicker burnout β€” and leaving a career entirely.

Justine Sterling Converse runs a women-owned event strategy and management company in Texas. She remembers many of her close friends in the industry jumping back into full-time work after taking three months of maternity leave. They all quit shortly after, unable to balance motherhood with working long hours and weekends.

Once she started having children of her own, Converse realized how hard it was to return to full-time work so soon. "12 weeks is just when you're starting to have a routine with your baby," Converse, 40, and a mother of four, told BI.

It was harder with postpartum symptoms. Converse was diagnosed with postpartum OCD, something she hadn't heard of before. In her office of 10 full-time workers, she said about 75% of them have experienced postpartum depression, anxiety, or OCD.

It's partly why her company policy includes 16 weeks of maternity leave and a 50% "transition" month for mothers to ease back into working full-time. Converse, who recently gave birth, is in a transition month herself and said it's been a huge help.

"I willed myself to not go through postpartum again," Converse said. "And I still did."

Postpartum depression can be hard to identify

Symptoms of postpartum depression range from intense mood swings to thoughts of harming your baby. While it's common to feel "baby blues" when you first give birth, PPD is much more severe and can last for weeks or months.

Still, it's one thing to know about postpartum depression. It's another thing to identify it in yourself when you experience new symptoms.

"As a new mom, you're in survival mode," Fornaro said. She knew something was off, but didn't have the space and time to take stock of it all and see it for what it was. "Now, I can reflect and go, 'Wow, I really was struggling.'"

Fear of judgment has kept some new parents from reporting their PPD, said Dr. Clayton Shuman, who led a 2022 study on how the pandemic influenced a rise in postpartum depression rates. He said patients might hold back on sharing their symptoms like being unable to bond with their baby, "to avoid the stigma and guilt."

Ramos believes more openness around the subject is helping.

Out of her tight-knit friend group, four out of five women have had kids. All of them have had postpartum depression or anxiety, and openly discuss their symptoms. While Ramos experienced a lack of joy, a friend had intrusive thoughts about her newborn's health.

In contrast, when Ramos' older sisters experienced PPD nearly two decades ago, one of them "just sat in her closet and cried." She thought her depressive symptoms were normal and, at the time, told no one.

In other countries, maternity leave is different

Postpartum symptoms can last for years, much longer than the three to four months of maternity leave many US full-time employees get.

In contrast, European countries like Greece and Iceland offer 26 weeks of leave or more. Some, like North Macedonia, allow parents to take additional leave if they need to, without fearing for their job security.

For American mothers without as many federal safety nets, extra help makes all the difference. Fornaro's husband worried about her postpartum depression and offered to pay for a nanny, which she initially refused. "It took a lot of convincing and setting aside my pride," she said.

Looking back, she said hiring extra help was the "best decision" for her family. Her nanny not only made every day more manageable, she offered crucial emotional support and helped Fornaro bounce back.

In Ramos' experience, even the smallest interventions can radically change postpartum symptoms. She said she is grateful her doctor was so quick to diagnose her and prescribe medication; it made for a much smoother experience with her second child.

"I'm just so thankful that I got to enjoy him being a baby and having fun with him," she said, remembering how overwhelmed she was when she had her daughter four years earlier. "I was just in a completely different state of mind."

Read the original article on Business Insider

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