“It wasn’t hard to guess what the reaction of the company’s creditors would be if a president, who has only been in office for two months, were to say that there was a need to give the employees a pay raise. But that was exactly what I needed to do and fast.
I finally got their approval.”
Hyundai Corporation President & CEO Mark Juhn posted a long letter on the company’s intranet bulletin board on the second anniversary of his appointment as CEO.
The letter touched many employees as it gave a glimpse of what kind of difficulties and distress CEO Juhn had to go through as the CEO of a workout company.
He described the corporate atmosphere on his first day of office as “cold as winter wind coming through the window.”
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