What are some strategies for rebuilding trust in a company's leadership?

Some strategies for rebuilding trust in a company's leadership include demonstrating integrity, focusing on the future rather than dwelling on past mistakes, and fostering positive relationships at the top. It's important for leaders to show that they are guided by a clear sense of right and wrong. They should also communicate their plans for the future, showing a clear direction for the company. Lastly, maintaining positive relationships among the top leadership can help to create a more harmonious and trustworthy environment.

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The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company

Chairman and CEO of the Walt Disney Company, Robert Iger, tells his story and lays out the principles that successfully guided the legendary brand thr...

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Tom Murphy and Dan Burke, who bought ABC in 1985, taught Robert Iger that true integrity – being guided by your clear sense of right and wrong – can be a secret weapon in a competitive business. In Iger's words: "The way you do anything is the way you do everything." Iger still has a note that Dan Burke handed him early in his career: "Avoid getting into the business of manufacturing trombone oil...the world only consumes a few quarts of trombone oil a year!" In other words, only invest in building things that people need. When Disney's board was considering Iger to be the new CEO, they questioned how he could be trusted when he'd been Michael Eisner's number two throughout several poor business decisions. Iger refused to rehash the past and determined to focus on the future: "You want to know where I'm going to take this company, not where it's been. Here's my plan." Relationships at the top matter. Former CEO Michael Eisner and company President Michael Ovitz constantly clashed. This...

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Some strategies for effectively communicating a company's future plan include: being clear and concise, using simple language, being honest and transparent, focusing on the future rather than the past, and demonstrating integrity and commitment. It's also important to consider the audience and tailor the communication to their needs and understanding. Additionally, using visual aids and providing examples can help to clarify complex ideas and plans.

Some potential challenges of being the 'number two' in a company could include dealing with the perception of being associated with the decisions of the 'number one', especially if those decisions are viewed negatively. There may also be challenges in terms of asserting one's own vision and ideas, particularly if they differ from those of the 'number one'. Additionally, there could be difficulties in managing relationships at the top, as indicated by the clashes between former CEO Michael Eisner and company President Michael Ovitz at Disney.

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