Sunday, May 29, 2011

Who wants to be a CEO?

The new CEO of a large high tech corporation was meeting the CEO who was stepping down.The ex-CEO handed his successor three envelopes, with this advice...
"Open these if you run up against a problem you don't think you can solve," he said.

Things went along pretty smoothly, but six months later, sales took a nose-dive and he was really catching a lot of heat. At his wit's end, he remembered the envelopes. He went to his drawer and took out the firs envelope and read, "Blame your predecessor."

Calling a press conference immediately, he tactfully but decisively laid he blame at the feet of the previous CEO.  Satisfied with his comments, Wall Street and the press responded positively, sales began an uptick and the crisis was soon behind him.

However, about 18 months later, the company was again experiencing a noticible dip in sales, combined with significant production delays... With some trepidation, the CEO quickly opened the second envelope. This time the message read simply: "Reorganize."

This he did, and the company quickly rebounded. After several profitable quarters, alas, the company once again fell on difficult times...

Now, calm and confident, the experienced CEO went to his office, closed the door and opened the third envelope. This message said, "Prepare three envelopes."

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