Operating Principle1 book · 3 highlights

Remove Rivals with Ironclad Exits

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Evidence

  1. “But he is not yet out of trouble. He also needs to terminate the employment contracts that had been extended to the brothers. Considering that they have been dismissed, they demand their severance pay. After some complications, Bernard Arnault will have to comply with their request. This time, the saloon doors close for good. Lucky Luke has permanently sent the Daltons back to their ranches.”

  2. “Bernard Arnault is, of course, questioned about his relations with the Willot brothers in the context of the agreements he has signed. He replies unequivocally that he is in no way the "front man" for the brothers. Contrary to the agreements signed with René Mayer, none of them will have any managerial power. Dior will not be sold to finance the concordat deadlines. The agreement signed is irreversible, the Willot brothers have signed the transfer slips of their titles. The workforce will be reduced from 15,640 to 12,252 without layoffs. He emphasizes the quality of the investors who will participate in the takeover operation alongside him. The direct and deliberate nature of his answers impresses the union representatives, who nevertheless remain very wary.”

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