Just to elaborate on Babcock Hall's post: Reduction potentials aren't strictly additive - removing two electrons in concerted fashion, say, takes a different amount of energy than removing them sequentially. You have to do a specific type of conversion to get the right answer.
For example, consider the following two half reactions:
Co3+(aq) + e- --> Co2+(aq) E° = 1.82 V
Co2+(aq) + 2e- --> Co(s) E° = -0.28 V
If you add these "Hess law style" to get the following balanced reaction for reduction of cobaltic form to zero valent cobalt:
Co3+(aq) + 3e- --> Co(s) E° = 1.54 V
But the correct answer is 0.42 V.
To solve this kind of problem, you have to convert the potentials into quantities that are additive - that is, Gibbs energies. The equation that allows you to do this is
ΔG = -nFE
Since F is just a constant, you will find that converting between E (in V) and G (in kJ/mol, say) only involves factors of the number of electrons involved in each step. If you do these conversions you will get the right answer of 0.42 V for the reduction of Co3+ to Co0, just as you will arrive at the solution you mentioned in your first post.