The Depressed Exec

A number of factors conspire to put successful executives at special risk for depression:

  • The dirty little secret is that success itself is a letdown. The thrill is in the striving. The brain circuits that shape our moods are wired to generate positive emotions as we approach a goal. "Success is an ending," says Steven Berglas, Ph.D., a psychologist and executive coach who teaches entrepreneurial psychology at the University of Southern California business school. "You're no longer in the achieving mode. When you're working toward a goal your body produces a set of biochemical responses that create euphoria and make you resistant to pain."

    The realization that success does not automatically bring happiness compounds the disappointment, says psychologist Terry Real. "It's a contrast from the way you think you're supposed to feel; you get depressed about feeling depressed."

Further, success primes you to feel like a has-been. "Everything is referenced to 'look at what he did,' not 'what he is doing'," adds Berglas, who writes about the underside of success in his book, Reclaiming the Fire.

Entrepreneurs are almost never prepared for "the psychological trauma that follows success," he adds. They're only happy in the struggle. Further, the entrepreneur has the fantasy of living in a wholly controlled universe of his own making. But "as soon as you get something, you have to bring in accountants and managers. You can't control it all, and the psychological high is over."

  • Being in the end zone of success flips the brain's emotional switch from positive to negative. "Life is no longer based on whether you're going to get it but on whether you're going to lose it," says Real. No matter what drives success, those who get to the top are governed by a fear of losing all they've won—their position, their wealth, their viability.

    Being on top makes the successful conservative and risk-averse, says Berglas. There are economic incentives to do the same thing over and over, resulting in lack of stimulation. "Entrepreneurs have no pain working with no capital or support. But they have tons of anxiety when they have to protect a lead. It's easier to climb from the bottom to the top than to hold onto the top, because you become defensive, which interferes with skilled behavior of any sort. It's also physiologically depressing to have nothing to strive for."

  • Among the highest achievers, identity and self-esteem are perched—almost exclusively and therefore precariously—on achievement. What they often don't have much of is an internal sense of worth, the capacity to hold yourself in high regard while fully recognizing your human imperfections.

    Equating one's value as a human being with achievements only makes you as good as your last deal. "When you're no longer in the achieving mode, and your self-worth is built on achieving, you feel worthless," says Berglas. He points to George Eastman, founder of Kodak. His company was phenomenally successful, yet he ended his own life. His suicide note said, "My work is done; why wait?"

    By some psychological sleight, landing at the top can actually make winners feel like losers. "What happens is your reference group changes," says Real. "You can feel like a failure because you're measuring yourself against the CEO of a company even bigger than yours. And there's almost always someone younger, swifter, bolder nipping at your heels. Welcome to male privilege. CEOs with depression are men who have followed the masculine agenda and have won, and tasted its bitter fruit."

  • Those most driven to succeed are propelled by dark inner forces. Often, says Berglas, the entrepreneur is trying to disprove negative feedback, perhaps a punitive father's reproach that 'you'll never amount to anything'." Real sees it in the makeup of top corporate executives as well. "Part of the drive is running from their own vulnerabilities, or trying to compensate for them."

    Scripps' Gene Ondrusek points to evidence that CEOs are "supersurvivors." A disproportionate number of them come from dysfunctional backgrounds; the incidence of alcoholism in their family histories is three times that in the general population. "These people often faced circumstances growing up that galvanized them to become supersuccessful.

  • The ecology of emotions sabotages them. Those for whom achievement becomes all-encompassing are adept at denying pain. They commonly believe their success actually hinges on their ability to distance themselves from their emotions. Being so unfamiliar with feelings, they are terrified that by "giving in to them" they will be sucked into a black hole. "You're scared you'll feel sorry for yourself," observes John Sage, a former CEO. "You're afraid everyone will pass you by if you're not in action all the time."

    But emotions work in exactly the opposite way. Feelings that are never acknowledged build up force underground, consuming internal resources, creating stress and eventually blindsiding people in the form of crippling anxieties and panic attacks, sleeplessness and depressions, and assorted physical ills, depending on where their system is weakest.

    Tags: accountants, boss, brain circuits, business school, compounds, depression, dirty little secret, end zone, entrepreneur, euphoria, executive, executive coach, leadership, letdown, primes, psychological trauma, realization, success, university of southern california