"When u come in to make a poroposal to me," says Warner, president of J.P Morgan&Co.,Incorporated, "assume that everything that u just told me appears tomorrow on the front page of the Wall Street Journal. are u going to be proud to have handled this transaction or handled this situation in the way u just recommended, assuming full transparency?. if the answer to that is no, then we're going to stop right here and examine what the problem is"
2006-12-13 04:54:03 · 2 answers · asked by Phuong N 1 in Business & Finance ➔ Investing
It is very simple the President doesn't like his subordinates to waste his time on problems that create headlines or problems that are too big enough or problems with answers that will require complicated work out or thinking etc;. and he expects them to come to him with problems that are not the types described above, usuall problems they encounter everyday. He wants his subordinates to not to break out of the crowd but remain in his home base.
Also it means if the problem already has wonderful solutions then they need not bother him else they can approach him with the problem.
2006-12-13 06:32:38 · answer #1 · answered by Mathew C 5 · 0⤊ 0⤋
Assume you are the person that Warner is talking to. He's asking you that if the proposal you are presenting him appeared in tomorrow's newspaper, would you be proud of it. If you said "No", then the "problem" is; what about your proposal would make you not feel proud if it appeared in tomorrow's paper. Simply put, if you aren't proud of the proposal, then what element or elements of the proposal that makes you not feel proud is the problem you're asking about.
2006-12-13 13:12:36 · answer #2 · answered by 4XTrader 5 · 0⤊ 0⤋