A silly executive decision
A silly executive decision
It was a successful respected electronic company that I frequently visited. The founder was chairman of the board and went to work everyday. There was a president who had been with the company from the early days. Like most companies there was folklore and gossip. The gossip was the president sole role was to prevent the founder “ putting his fingers in the pie.”and causing chaos. The founder had a son who had an impressive title which I did not understand. The spoken word was the son worked very hard and on my visits to the company he was visible. I also recall he was often paged inferring that he was some where in the company solving problems and was in demand by important people. The founder passed away and everyone was sad. The president decided to retire citing it was time to leave. A new president arrived a few months later presumably after an exhaustive search. I heard the Lionsgate Films studios casting agency department would have been proud of the choice. Body language, voice clothes; the package! I never met him. Not many people did. The first order of business for him was to fire the founder’s son. A clever executive decision the management workshop retreats would cite. Get rid of a potential rival! Of course it was clear to all that the founder’s son did nothing and the new president was cleaning house. The grieving widow of the founder demanded an emergency board meeting. The outcome was the new president was sent down the road and her son was reinstated. The new president had not checked who held most of the company’s shares. The founder’s wife held 70%.
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