I made an $800,000 mistake at my job. It taught me what good bosses do when an employee screws up.

Source: Business Insider

Alex Levin, CEO of RegalCourtesy of RegalA few years ago, Alex Levin said he misspent $800,000 on an ad campaign for a former employer. Now a startup CEO, he credits the experience for teaching him how to react when a team member flubs. Punishing workers for making a mistake can discourage them from taking risks, Levin said.

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