A CORPORATE JOKE ABOUT REORGANIZATIONS. A joke that corporate executives tell at the beginning of speeches illustrates how reorganizations are viewed by managers. It goes as follows: A new executive is given 3 envelopes by his predecessor and told he should open one of them each time he is in trouble. Troubles ensue. The first envelope says, “Blame your predecessor.” That works for a while, but the time comes when he has to open the second, which says, “Reorganize the department.” That buys him some time, but he eventually has to open the third envelope, which says: “Prepare three envelopes.”

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