It is not the strongest or the most intelligent that survives; it is the one that is most adaptable to change. It was compelling for us to tool and re-tool, equip and reequip ourselves and keep on moving ahead if we had to keep earning a salary at the Bank. The bad news was that re-engineering in any enterprise requires hard decisions.
The hard decision was that those who are against change would have to head towards the exit door. Guess what? Samuel Johnson said it beautifully: “When a man knows he is to be hanged in a fortnight, it concentrates his mind wonderfully.” The same day the senior guys unpacked themselves to learn the difference between business ignorance and business tragedy.