How to think about hard decisions // Leadership in Crisis: Finances and Coronavirus

You’re in a shitstorm right now. You’re making hard decisions about your business and your life.

You’re deciding which limb to cut off to escape.

Will it be the vendors who serve you, so you can serve your clients? Will it be the shareholders, who in many ways are founders with you, who gave you your lifeblood? Will it be your team members, who give themselves to you every day?

Once you’ve been in a hot seat a few times, you come to learn that, when any decision will cut or kill, there is no perfect ‘right’ and ‘wrong.’

We take a look at the transparent thinking happening right now on Layoffs, Bankruptcy, Buy-backs, and Client Conversations

LAYOFFS Henry Ward, CEO, Carta "Your manager fought to keep you and I overrode them. They are blameless. If today is your last day, there is only one person to blame and it is me.” https://medium.com/@henrysward/cartas...

BANKRUPTCY OR BUYBACK Chamath Palihapitiya, VC “When a company fails, it goes through a packaged bankruptcy… The people that get wiped out are the speculators who own the unsecured tranches of debt.” https://www.youtube.com/watch?v=9W_hA...

CLIENT CONVERSATIONS Chris Voss “How do we work our way through this... and work together when this is over?” https://www.youtube.com/watch?v=heuQ4...

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