Executives with a low capacity for pleasure were examined to determine if they evidence less occupational and social success than those with normal or high capacity. Data on pleasure capacity and depressive symptoms were collected from 88 senior executive officers, and scores were compared with independent ratings of career success. The 11% of executives with serious work-related or personal problems showed significantly higher pleasure scores than the rest. It is hypothesized that the relatively high pleasure scores of the least successful executives reflect a defensive process of denial or reaction formation rather than an excessively joyful personality trait. A longitudinal study of executives is proposed to clarify whether the high pleasure capacity scores of the least successful executives change situationally over time.