Management Course: Lesson 1 of 5: Joke

Three Minute Management Course

Welcome to 3 Minute Management Course training in preparation for the first quarter of 2008 in 5 easy lessons:

Lesson 1/5

A man is getting into the shower as his wife is getting out, when the doorbell rings. She quickly wraps herself in a towel and runs down the stairs. She opens the door to Fred, the next door neighbor. Before she says a word, Fred says, "I'll give you $800 to drop that towel." After thinking for a moment, she drops it and stands naked in front of Fred After a few seconds, Fred hands her $800 and leaves.Wrapping herself in the towel, as she gets to the bathroom, her husband asks: "Who was that?" "It was Fred the next door neighbor" she replies."Great!" the husband says, "did he say anything about the $800 he owes me?"

Moral of the story:

If you share critical information pertaining to credit and risk with your shareholders (and Management team), in time, you may be in a position to prevent avoidable exposure.