This conversation also gives management the opportunity to provide feedback about the progress everybody has taken on the change initiative.
4. "After 18 months in this position, it is hard to believe that people still view the old leadership as being anything indicative of what this company is about. Those days are over and those criminals are on trial where they belong. This is a new company, a new Tyco, and we do things differently. We have a strong company, one that makes a lot of money for our shareholders. We are better people than our reputation would have you believe -- there are 260,000 people who are not on trial, but who conduct themselves with utmost integrity every day. This is not a change conversation -- this conversation has already taken place and it continues to take place as we work towards improving this company and restoring it to the glory it deserves. Any talk of the "unethical" Tyco from this point forward will be met with the derision that any factually inaccurate statement should be faced with. We are Tyco, we are not Dennis Kozlowski. It is important that all shareholders understand this -- it means the value of the company is going to go up and any shareholder who fails to believe this should sell now and lose their money like fools."
The second phase needs to concentrate on initiative and performance to restart the business of Tyco and make it profitable again. Imagine that you were CEO of Tyco when the former CEO was still on trial for fraud. You are trying to rebuild the company's corporate reputation. Write a script for your address to the shareholders after 18 months in the position. Pay attention to the appropriate use of metaphors
Additionally, Weston Smith's wife Susan Jones-Smith, was also a finance executive at the company, a further example of the incestuous relationships that characterized the financial leadership of HealthSouth. A failure of the company meant the failure in the financial future of the family of one's friends and spouses. Another warning sign should have been the nature of the company's assets. The firm was able to conceal its financial shenanigans for
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