Thread regarding Fiserv Inc. layoffs

Three envelopes

A new CEO steps in after the previous CEO leaves, but the outgoing CEO gives the new CEO the advice to open a drawer in the office desk whenever the new CEO runs into trouble.

So the first few weeks go smoothly but then there's a crisis in the boardroom. CEO remembers the former CEO's advice and reaches into the desk drawer. There are three envelopes there and a note to open them one at a time. First envelope is opened and reads: "Blame your predecessor." So the new CEO goes to the boardroom and blames the old CEO. Things go back to normal.

Later on there's a major crisis and stocks are tumbling. The CEO thinks, I need a plan. He goes back to that drawer and opens the second envelope. It says, "Restructure the company." So the CEO tells the board that the company needs to be reworked to improve profitability and efficiency. They do so and things quiet down.

Then comes another crisis as the CEO's leadership is questioned after a series of sales blunders. The drawer is opened once more and the last envelope is taken out. The contents of the letter reads, "Prepare three envelopes..."

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| 1195 views | | 1 reply (March 26, 2024) | Reply
Post ID: @OP+1rJnegFn

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Our current CEO talks about how he was the son of an orphan and his mom budgeted their finances by putting cash in envelopes.

Does not give me a good feeling or funny story because he tried to be relatable to his employees but his drunken style of delivery makes him more condescending than he will ever know.

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Post ID: @hkg+1rJnegFn

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