"
We said to our people, 'Don't worry about your jobs. You all have jobs and you're here to serve the client. No one is going to lose their job over this. We want you focused on being here for the client.' And, boy, that set a tone inside. It really helped with the client interaction because... you can tell when you're on the phone with someone who is worried about their job."
-- Bill McNabb, CEO of Vanguard Investments during the 2008-09 financial crisis, explaining why he did not layoff a single employee due to the economic downturn.
Source: Business Insider | Jun 11, 2015