The New Ceo
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The outgoing CEO of a large corporation gave the new CEO three envelopes to open if problems arose that he couldn't solve. Six months later when sales declined, the new CEO opened the first envelope which said "Blame your predecessor," which he did at a press conference and it helped turn things around. A year later when the company faced another dip, he opened the second envelope saying "Reorganize," which also helped. After more success, difficulties emerged again and he opened the third envelope, which instructed him to "Prepare three envelopes."
The New Ceo
- 1. The New CEOPower to Decide
- 2. The New CEOA 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. "Open these if you run up against a problem you can't solve," he said.
- 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, "Blame your predecessor."
- 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.
- 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, "Reorganize." He did, and the company quickly rebounded.
- 6. After several consecutive profitable quarters, the company once again fell on difficult times. The CEO headed straight for the third envelope.
- 7. The message said, "Prepare three envelopes.