From the course: Leadership Stories: 5-Minute Lessons in Leading People

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How to use a metaphor

How to use a metaphor

From the course: Leadership Stories: 5-Minute Lessons in Leading People

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How to use a metaphor

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- Alltel Corporation was founded in 1943 in Arkansas. And by 2007, it had become one of the largest wireless telecommunications providers in the country. Now, on May 20 of that year, the CEO, Scott Ford, announced that the company was gonna be sold to two private equity firms, TPG Capital of Fort Worth, Texas and Goldman Sachs Capital Partners of New York. And as they were taking over, they asked Scott to meet with them and deliver a detail presentation on how to run the business. Now, you can imagine the dozens of charts, and graphs, and bullet points they might have been expecting. But instead, Scott showed up with only two slides. And one of them was just a picture of a guy getting into a yellow cab on a busy New York City street, an image all too familiar to the New York team from Goldman Sachs. And now, you have to understand that private equity firms aren't usually interested in buying companies and managing them for decades. Typically, they buy companies they think will be more…

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