Although trust is fundamental to social and organizational functioning, media reports and business guidebooks often portray managers as generally distrusting. This study puts the cliché of the distrustful manager to the test. Both self-report and behavioral data from the German Socio-Economic Panel refute this cliché. Individuals in managerial positions neither show a lower level of trust before, nor a systematic reduction in trust after attaining such positions. Moreover, analyses demonstrate that managers are generally more trusting than non-managers. This selection effect implies that individuals who trust others are more successful in the pursuit of management careers than their less trusting counterparts. On a more general level, these findings contribute to a more positive view of individuals who seek and accept managerial responsibilities.