Be a Leader People like to Follow for Wednesday, January 9, 2008

By leaderspeaker - About Me - E-mail this page - Add to My Favorites - Add to Blog List - See other blogs in Opinion

Wednesday, January 9, 2008

A Leader Should be Willing to Take $1 Salary

You may have read about Lee Iacocca's gambit to inspire his employees at Chrysler in the early 80's. He reduced everybody's salary but before anyone can react, he announced he will start on himself by taking only $1. The company made a 180-degree turn-around as a result. Any leader who wants to... Sign in to see full entry.

posted by leaderspeaker at 6:33 AM | add or view comments (5) | link to this | view only this entry
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