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A company could put a top man at every position and be swallowed by a competitor with people only half as good, but who are working together.
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The common objection to seniority pay is, "It's rewarding dead wood!" My response is, "Why do you hire dead wood? Or why do you hire live wood and kill it?"
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In the business world, the rearview mirror is always clearer than the windshield.
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