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Dear Michael:
As you have no doubt been told by Bill Lawrence, the Board of Directors last Tuesday appointed you as an officer of the company, effective October 1, 19—. I am pleased with their action and want to offer my personal congratulations.
You now, of course, have the authority to commit the company contractually, and every increase in authority carries with it an even greater increase in responsibility. Personally, I’ve found additional authority results in even greater restraint rather than greater freedom to act. I’m confident you will properly carry this additional authority and restraint to our best benefit.
We are expecting great things from you because you have proved yourself over and over in the past. You have the talent, the dedication, and the will that such a job requires. Congratulations.
Sincerely,
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