January 19, 2011

Lessons in life

Companies have risen and fallen because they have entrusted the wrong CEOs and successors with the management duties.

Many great family businesses had been ruined at the hands of the children or grandchildren who took over the helm, based on who they were rather than what they could do. When
businesses failed, CEOs rightfully took the brunt. The people responsible for delegating the management duties should not be spared either.

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