STANLEY GAULT and RUBBERMAID by Jim Collins

“[Stanley] Gault had every reason to be proud of his executive success. Rubbermaid generated forty consecutive quarters of earnings growth under his leadership—an impressive performance, and one that deserves respect.

But—and this is the key point—Gault did not leave behind a company that would be great without him. His chosen successor lasted only one year on the job. . . . Gault’s successors found themselves struggling not only with a management void, but also with strategic voids that would eventually bring the company to its knees.”

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STANLEY GAULT and RUBBERMAID by Jim Collins

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