How Business Leaders Should Manage A Crisis

FILE – In this Jan. 24, 2020, file photo, Marc Lasry, co-owner of the NBA’s Milwaukee Bucks attends … [+] a press conference ahead of NBA basketball game between Charlotte Hornets and Milwaukee Bucks in Paris. Lasry, the hedge-fund billionaire and Milwaukee Bucks co-owner who was named chairman of embattled media organization Ozy last month, has resigned from its board. (AP Photo/Thibault Camus, File)

ASSOCIATED PRESS

When Marc Lasry, co-owner of the NBA’s Milwaukee Bucks, announced yesterday he would resign as chairman of Ozy Media because of a crisis at the media company, he said, “I believe that going forward Ozy requires experience in areas like crisis management and investigations, where I do not have particular expertise.” 

As I wrote in August, “Many of today’s corporate executives learned about crisis management at the School of Hard Knocks—and perhaps earned a graduate degree in Trial by…

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