February 2011
1 post
The Three Envelopes
A new CEO met privately with his predecessor on his first day in charge. The CEO who was stepping down presented him with three numbered envelopes. ‘Open these—one at a time—and only when you run up against a crisis that seems beyond your control,’ he said.
Things went along pretty smoothly, but six months later, sales took a downturn and he was catching a lot of heat. He...