Time: how long can a leader ride out a crisis? : vimarsana.c

Time: how long can a leader ride out a crisis?

As the apocryphal tale goes, Stalin, on his death bed, summoned successor Nikita Khrushchev to his office. “I have left you two letters with my wisest counsel,” the dying despot said.  “Do not open the first until things are truly terrible. The second should only be opened when there are no answers to your issues.”

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