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New CEOA man who had just been hired as the new CEO of a largecorporation met with the outgoing CEO, who gave him threenumbered envelopes. "Open these if you run up against aproblem you can't solve," he said.Six months later, sales took a downturn and the new CEO wasreally catching a lot of heat. Uncertain about how toproceed, he remembered the envelopes. He went to his drawerand took out the first envelope. The paper inside simplysaid, "Blame your predecessor."The new CEO called a press conference and tactfully laidthe blame at the feet of the previous CEO. Satisfied withhis comments, the press - and Wall Street - respondedpositively, sales began to pick up and the problem was soonbehind him.About a year later, the company was again experiencing aslight dip in sales, combined with serious productproblems. Having learned from his previous experience, theCEO quickly opened the second envelope. The message read,"Reorganize." He did, and the company quickly rebounded.After several consecutive profitable quarters, the companyonce again fell on difficult times. The CEO headed straightfor the third envelope.The message said, "Prepare three envelopes."
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