Does coaching work? Yes. Good coaches provide a truly important service. They tell you the truth when no one else will.

Cash is king. Get every drop of cash you can get and hold onto it.

Short cycle business are being impacted by credit, and are being impacted by gasoline prices, food, distribution businesses, chemical business.

For a large corporation to be effective, it must be simple. For an organization to be simple, its people must have self-confidence and intellectual self-assurance. Insecure managers create complexity, real leaders do not clutter.

Any company trying to compete...must figure out a way to engage the mind of every employee.

My main job was developing talent. I was a gardener providing water and other nourishment to our top 750 people. Of course, I had to pull out some weeds, too.

In real life, strategy is actually very straightforward. You pick a general direction and implement like hell.