David Rosenthal: belief

Transcript context

…He's a great leader, yeah. What a leader. He writes, "I know today’s restructuring news has been difficult. There’s no sugar-coating it. It’s a bitter pill and, in my experience, the sting has a long half-life. But the hard truth is either revenue had to grow, or spending had to shrink. The math simply didn’t work otherwise, and the status quo was unsustainable. One of my core management principles is about getting real. We have to be willing to confront the world as it is, not as we want it to be if we’re going to be successful. We have to be honest with ourselves and with each other in order to make that happen, even when the truth is uncomfortable or inconvenient to deal with." Ben, I think you read the great part about the comeback story after that. Then he closes. When he closes the memo, he says, "In the months ahead, you can expect to hear from me about our strategy and the choices we’re planning to make to drive our success. For the avoidance of doubt, we’re in the business of driving growth." That's like a full stop. That is what we are here to do. "And that will require us to take risks, to be willing to fail quickly, to learn quickly, to adapt and evolve quickly, rinse and repeat. I promise that journey won't be dull. I look forward to working with you, Barry." Of course, this is after he opens by talking about how much he loves riding with Matt Wilpers. It is great and he opens the whole memo. The whole memo is kicked off with rather than like, hi, I'm your new CEO, it's, boy, do I love riding with Denis Morton and Matt Wilpers. I think he says like, who doesn't yet know me from Adam, which is pretty funny thinking about the fact that they're reading this email.…

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