2. You must make difficult cutback decisions. Here Oprah discusses her very public decision to cancel The Rosie O’Donnell Show and lay off 30 employees.

“I knew from the time I stepped in as CEO, the only way through is that you’re either going to have to end it, or you’re going to have to make some cutbacks now so you’ll be able to go forward,” said during a clip of her documentary “Oprah Builds a Network.”


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