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October 22, 1996
Remarks of George David, Chairman & Chief Executive Officer.
Yale University, New Haven, Conn.
The 17 Keys to the Corporate Lock
Dos
- Complete staff work
- No questions asked not answered
- Relationships always
- We accomplish with and through others
- We cannot be too courteous nor too thoughtful of others
- Never burn bridges
- Relentless constancy of purpose
- which we achieve consequent on principles
- Test: Principles make people predictable and conversely unpredictable people are unprincipled
- Clarity and brevity in written and oral expression
- by the word, not the pound
- We cannot be too brief
- High energy
- Energy is the scarce resource
- "I'm propulsion, you're guidance"
- Ambitions need to follow energies (with which you were born) or you will be disappointed
- Solutions not problems
- No upward delegation
- You decide what to do, be sure I'm too busy to do your work
- Work downward not upward
- Show me the back of your head not your bright shining face
- Give me the courtesy to judge your work without your help
- Stronger/better recruits than you
- The only route to the golf course
- yet most executives and managers fail this test
- Content, content, content
Don'ts
- Never escalate
- Life is neither fight nor flight
- The first lesson of diplomacy: Back up, don't give up and never let the other put a glove on you
- Never optimize around the short term
- Always keep your eyes on the horizon
- Don't forget gravity, do remember intergalactic forces
- Your achievements (and failures) are often due to forces much larger than you
- When you have been too good for too long, better check around and behind you
- Don't confuse your net worth with your real worth
- The former may be illusory and transitory, the latter will not be
- Never, ever, compromise your ideals
- The cynical view is wrong
- Shortcuts are never a reliable strategy
- Don't change employers, at least not often
- Don't work the proximity theory (that good things happen to people near powerful people)
- Never threaten
- and the corollary: Never enter a negotiation without a bottom line
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