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De - Pt| Proverbs, aphorisms, quotations (English) | by Linux fortune |
| NEW YORK-- Kraft Foods, Inc. announced today that its board of directors unanimously rejected the $11 billion takeover bid by Philip Morris and Co. A Kraft spokesman stated in a press conference that the offer was rejected because the $90-per-share bid did not reflect the true value of the company. Wall Street insiders, however, tell quite a different story. Apparently, the Kraft board of directors had all but signed the takeover agreement when they learned of Philip Morris' marketing plans for one of their major Middle East subsidiaries. To a person, the board voted to reject the bid when they discovered that the tobacco giant intended to reorganize Israeli Cheddar, Ltd., and name the new company Cheeses of Nazareth. | |
| The departing division general manager met a last time with his young successor and gave him three envelopes. "My predecessor did this for me, and I'll pass the tradition along to you," he said. "At the first sign of trouble, open the first envelope. Any further difficulties, open the second envelope. Then, if problems continue, open the third envelope. Good luck." The new manager returned to his office and tossed the envelopes into a drawer. Six months later, costs soared and earnings plummeted. Shaken, the young man opened the first envelope, which said, "Blame it all on me." The next day, he held a press conference and did just that. The crisis passed. Six months later, sales dropped precipitously. The beleagured manager opened the second envelope. It said, "Reorganize." He held another press conference, announcing that the division would be restructured. The crisis passed. A year later, everything went wrong at once and the manager was blamed for all of it. The harried executive closed his office door, sank into his chair, and opened the third envelope. "Prepare three envelopes..." it said. | |
