Page 7 - Stakis C Case Study
P. 7
The Recovery
On some areas Michels attitude was focused and blunt:
Policy?
“Survival. I'm a pragmatist. First, the company has to be
turned around into profitability.”
Ethos?
"We have a relatively flat structure. The ethos is to make
money. There are no politics -share options are the only
means by which managers benefit. It is still small enough
to know everything. I rely on people".
Structure?
"The board deals with board type things. I attend
Divisional Meetings of Hotels and Casinos. I visit every
unit regularly. I make real visits. I know this business. I
question managers and I send the top guys out so that
others will give honest answers".
Culture?
"I have stamped my culture on the place. People will do it
my way, even when I am not there. I don't like memos.
I've only written about three since I came here".
