three envelopes

I recently heard a story about a new CEO hired by the board to turn around a failing company. The outgoing CEO told him, “I have left 3 envelopes in the desk for you. When the first crisis comes, open the envelope labeled ‘What to do in Crisis 1.’ Open the second envelope with the next crisis, and the third envelope when you get to the crisis after that.”  [Read more…] about Three Envelopes