Memos from the Chairman - Hardcover

Greenberg, Alan C.

 
9780761103462: Memos from the Chairman

Inhaltsangabe

“Ace Greenberg did almost everything better than I do—bridge, magic tricks, dog training, and arbitrage—all the important things in life.” —WARREN BUFFETT

Alan C. Greenberg, the former chairman of Bear, Stearns, and a celebrated philanthropist, was known throughout the financial world for his biting, quirky but invaluable and wise memos. Read by everyone from Warren Buffett to Jeff Bezos to Tom Peters (“I love this book,” the coauthor of In Search of Excellence said), Greenberg’s MEMOS FROM THE CHAIRMAN comprise a unique—and uniquely simple—management philosophy. Make decisions based on common sense. Avoid the herd mentality. Control expenses with unrelenting vigil. Run your business at the highest level of morality. Free your motivated, intelligent people from the chain of command. Always return phone calls promptly and courteously. Never believe your own body odor is perfume. And stay humble, humble, humble.

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Ace Greenberg does almost everything better than I do-bridge, magic tricks, dog training, arbitrage-all of the important things in life. (Warren Buffet)

Make decisions based on common sense. Avoid the herd mentality. Control expenses with unrelenting vigil. Execute the fundamentals. Free your motivated, intelligent people from the chain of command. Hire PSDs. And stay humble, humble, humble.

These are just some of Alan C. Greenberg's management truths. And they've served him and his company well. Since taking over as chairman 18 years ago, this cigar-smoking, shirt-sleeved trader has helped transform Bear Stearns into one of the most profitable investment banks in the world.

And one way he's done it is through the judicious use of memos that inspire, exhort, and coax is colleagues on to ever-greater efficiency and prosperity. Now, after gathering a reputation in financial circles over the years, Ace Greenberg's wise and often humorous messages are collected in Memos From the Chairman, where they combine to create a unique management philosophy.

Focused, simple and sane, it's a philosophy that will benefit everyone in business, from Fortune 500 CEOs, to middle managers, to entrepreneurs.

Aus dem Klappentext

Ace Greenberg does almost everything better than I do-bridge, magic tricks, dog training, arbitrage-all of the important things in life. (Warren Buffet)

Make decisions based on common sense. Avoid the herd mentality. Control expenses with unrelenting vigil. Execute the fundamentals. Free your motivated, intelligent people from the chain of command. Hire PSDs. And stay humble, humble, humble.

These are just some of Alan C. Greenberg's management truths. And they've served him and his company well. Since taking over as chairman 18 years ago, this cigar-smoking, shirt-sleeved trader has helped transform Bear Stearns into one of the most profitable investment banks in the world.

And one way he's done it is through the judicious use of memos that inspire, exhort, and coax is colleagues on to ever-greater efficiency and prosperity. Now, after gathering a reputation in financial circles over the years, Ace Greenberg's wise and often humorous messages are collected in Memos From the Chairman, where they combine to create a unique management philosophy.

Focused, simple and sane, it's a philosophy that will benefit everyone in business, from Fortune 500 CEOs, to middle managers, to entrepreneurs.

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(From Memos From the Chairman)

Telephone Manners: "Transferring a call seems to require more athletic ability than some of our associates possess. Be prepared for spot checks...those who flunk will get private lessons from me."

Cutting Costs: "At last weeks partners meeting. Haimchinkel pointed out to me that the hors d'oeuvres had been upgraded considerably from peanuts. You will be happy to know that we are now back to peanuts."

Good Times: "The time to stop stupidity and be tough on costs is when times are good. Any schlemiel and most schlamozels try to cut costs when times are bad."

Bad Times: "Now is not the time to hide from clients. It takes real courage to make calls when you know the reception might be hostile."

Arrogance: "Conceit and complacency are dangerous, particularly in our line of work. If I ever feel that the people at Bear Stearns start thinking their body odor is perfume and I cannot convince them otherwise-I will sell my stock."

Excerpted from Memos From The Chairman. Copyright (c) 1996. Reprinted with permission by Workman Publishing.

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