Joel-Oskar

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Executives will have confidence in their president and/or board chairman. This means, among other things, that from the lowest levels on up there is a feeling that promotions are based on ability, not factionalism. A ruling family is not promoted over the heads of more able men. Salary adjustments are reviewed regularly so that executives feel that merited increases will come without having to be demanded.
Common Stocks and Uncommon Profits and Other Writings (Wiley Investment Classics)
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