The New Ceo

614 views

Published on

Management's Lighter Side

Published in: Technology, Business
0 Comments
0 Likes
Statistics
Notes
  • Be the first to comment

  • Be the first to like this

No Downloads
Views
Total views
614
On SlideShare
0
From Embeds
0
Number of Embeds
5
Actions
Shares
0
Downloads
8
Comments
0
Likes
0
Embeds 0
No embeds

No notes for slide

The New Ceo

  1. 1. The New CEO<br />Power to Decide<br />
  2. 2. The New CEO<br />A man who had just been hired as the new CEO of a large corporation met with the outgoing CEO, who gave him three numbered envelopes. &quot;Open these if you run up against a problem you can&apos;t solve,&quot; he said.<br />
  3. 3. Six months later, sales took a downturn and the new CEO was really catching a lot of heat. Uncertain about how to proceed, he remembered the envelopes. He went to his drawer and took out the first envelope. The paper inside simply said, &quot;Blame your predecessor.&quot;<br />
  4. 4. The new CEO called a press conference and tactfully laid the blame at the feet of the previous CEO. Satisfied with his comments, the press - and Wall Street - responded positively, sales began to pick up and the problem was soon behind him.<br />
  5. 5. About a year later, the company was again experiencing a slight dip in sales, combined with serious product problems. Having learned from his previous experience, the CEO quickly opened the second envelope. The message read, &quot;Reorganize.&quot; He did, and the company quickly rebounded.<br />
  6. 6. After several consecutive profitable quarters, the company once again fell on difficult times. The CEO headed straight for the third envelope.<br />
  7. 7. The message said, <br />&quot;Prepare three envelopes.“<br />

×