Topic : Correction

President Coolidge

President Calvin Coolidge didn’t like to attend dinners, but he was prevailed upon to attend one function at which he was to be presented with a cane.

The man making the presentation went on at great length and finished up by saying, “The mahogany from which this cane is fashioned is as solid as the rock-bound coast of Maine, as beautiful as the sun-kissed shores of California!”

Mr. Coolidge accepted the cane, posed for a picture, then stood there for a few moments, staring at the cane. The audience sat hushed. Finally, the President spoke.

Birch,” he said, and sat down.

Bits & Pieces, January 5, 1995, (NJ: The Economics Press, Inc.), pp. 1-2

Iacocca’s Motto

When you give a guy a raise, that’s the time to increase his responsibilities. Reward him at the same time you motivate him to do even more. Hit him with more while he’s up, and never be tough on him when he’s down. When he’s upset over his own failure, you run the risk of hurting him badly and taking away his incentive to improve. As a mentor used to say, “If you want to give a man credit, put it in writing. If you want to give him hell, do it on the phone.”

Lee Iacocca with William Novak, in Iacocca: an Autobiography; (Bantam).



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