Yesterday, Wayne Gretzky was named head coach of the Phoenix Coyotes. Gretzky also serves as managing partner and alternate governor for the Coyotes.

Even though the Fast Company CDU tried to debunk the one Wayne Gretzky quote that's most often used in business back in July 2000, there may be more lessons now to be learned from the Great One...

When in P.R. trouble, trot out the old glitter - As the NHL recovers (maybe) from the lockout, Gretzky back in the active part of the NHL may help revive fans memories of the "good 'ol days".
Corporate "nepotism" is not always a good idea - Gretzky is a managing partner and alternate governor for the Coyotes. Wonder what questions he asked when he interviewed himself?
Great stars don't always make good managers - He's undoubtedly the greatest hockey player we'll ever see...that doesn't necessarily mean he'll be the greatest hockey coach ever. Actually, it runs contrary to the normal..."Those who can't, teach." (or coach...uh...or consult)

Other lessons?