Bill Lee on Budget & Economy
Made hard decisions needed on company budget; it worked
Lee was forced to lay˙off about 400 employees in 14 months. "When you cut a company's budget from $100 million to $70 million, you have to make a lot of hard decisions," Lee said. "I had to say, `I know you have been here for 14 years, but today is your
last day.' It was brutal." [One observer] said˙Lee could have resigned himself to the CEO office and delegated the duties, but didn't.
The cuts and reductions worked. Three years later, Lee says the company was rebuilt, and stronger than before.˙
Source: The Tennesseean on 2018 Tennessee Gubernatorial race
, Jul 21, 2018
Page last updated: Oct 05, 2018