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A new CEO meets with his predecessor
A new CEO meets with his predecessor
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08-04-2024, 10:13 PM
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- JackyChin
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- JackyChin
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- Join Date: Nov 2023
- Age: 56
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A new CEO meets with his predecessor
The old CEO hands the new one three envelopes.
"These should get you out of any tight spot. If the company runs into trouble, open an envelope and do what it says."
Later that year, as he is being presented with the financials, the CEO sees earnings will be lower than last year. He opens the first envelope. It says
Spoiler!The CEO does that and makes it through the conference call.
Before the next board meeting, revenue comes in 30% lower than last year. The CEO opens the second envelope.
Spoiler!He makes it though the board meeting.
Just before the annual meeting of shareholders, a Chinese company releases an exact copy of the company's main product for 10% the price. The CEO opens the third envelope. It says:
Spoiler!
"These should get you out of any tight spot. If the company runs into trouble, open an envelope and do what it says."
Later that year, as he is being presented with the financials, the CEO sees earnings will be lower than last year. He opens the first envelope. It says
Spoiler!
"Blame your predecessor."
Before the next board meeting, revenue comes in 30% lower than last year. The CEO opens the second envelope.
Spoiler!
"Blame the economy."
Just before the annual meeting of shareholders, a Chinese company releases an exact copy of the company's main product for 10% the price. The CEO opens the third envelope. It says:
Spoiler!
"Prepare 3 envelopes."
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