Negotiations

  • Seriously interesting article on Calouste Gulbenkian and negotiating.
  • If you haven’t heard of him he was the richest man in the world in the 1950s by virtue of negotiating “5%” royalties on Middle Eastern (especially Iraqi) oil developed by western companies.
  • Lessons include never put all demands upfront but make demands step by step, often right at the last moment.
  • Make agreements so complex that non one will dispute them later.
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