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October 4, 2005

Case Study: Knowing the Business Is Vital in Face of Loss

From today's WSJ:

THE PROBLEM: The death of a great friend and business partner.

THE SOLUTION: He was unsure how to proceed without Mr. Klosterman. "I lost that confidence that I could make a presentation and make the financial arguments necessary," Mr. Eastland says. "I spent hours and hours with investors." But he couldn't quit, he said. "We both had a strong belief that we live up to our commitments," Mr. Eastland says. "I think Bob would have done the same thing." Ultimately, he says, all investors stayed on, as well as Mr. [Dale Van Voorhis].

LINK to rest of article (from Proquest; UIUC Net ID & password required)

Posted by Becky at October 4, 2005 10:25 AM Posted to Leadership Thought