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The heiress of $10 billion Perdue Farms and the $12 billion Sheraton Hotels empire wore hand-me-downs, still rides the subway, and flies economy

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LeadershipCEO Daily

Management Advice, Part II

Alan Murray
By
Alan Murray
Alan Murray
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Alan Murray
By
Alan Murray
Alan Murray
Down Arrow Button Icon
June 9, 2016, 7:14 AM ET
Close-up of a mature man with a cupped hand to his ear
Close-up of a mature man with a cupped hand to his earGetty Images/SuperStock RM
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Tuesday’s post on the best management advice from Fortune 500 CEOs – if you missed it, click here – prompted a minor flood of offerings from CEO Daily readers. Since there seems little news of note today – other than George Soros’ dismal bet on the global economy – I’ll share a few here:

“Be prepared to work yourself out of a job.”

“Grow or stagnate.”

“Don’t think you’re blameless just because you’re clueless.”

“People tend to overestimate the near term and underestimate the long term.”

“Don’t worry about what you can’t control.”

“Every organizational design is evil. Organize for the rule, manage for the exception.”

“Leaders eat last.”

Keep ’em coming. Maybe I’ll start a management Twitter feed.

Also this morning, we are publishing Jennifer Reingold’s piece on struggling giant Procter & Gamble (PG), No. 34 on the Fortune 500 list. While the company has 21 billion-dollar brands – Crest, Tide, Pampers, Downy, Swiffer, etc. – it hasn’t invented a new one from scratch in a decade. Under new CEO David Taylor, can it find its aim again?

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Alan Murray
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