"Southeastern has been working hard to secure a better outcome for our clients through a superior offer or a rejectionof the current bid, " the investment firm wrote in an April letter to its clients.
Similarly, John Schlifske, president of insurance company Northwestern Mutual, was discouraged as a teenager when he received a rejectionletter from Yale University.
There was a letter from Harvard, the type ofletter every high school senior dreads from a university -- a regular-sized envelope, the ominous sign ofrejection.