Tuesday, January 31, 2006

Instability

Jenn's aunt was fired. Don't tell anyone though because she doesn't want the rest of the family to find out and worry. Here's the deal. She has been working for a company for the past 5 years. She helped them start up. She did all of the marketing for them and the revenues grew to the point that, a month ago, they decided to position themselves for acquisition. They brought in two people with "better credentials" and fired Jenn's aunt. Not because she wasn't doing a bang up job but because the people they brought in look better on paper. They would rather have some yutz with a masters in marketing from DU and no experience than a highly experienced individual with a bachelors in business from CSU. It looks better and now they can sell the company. Jenn's aunt is out; along with a few others.
No "Thank you for all the hard work."
No stake in the company's sale.
Nothing, Nada.
The owner told her, "This is a business move that is good for me, I'm sure you understand. There is nothing anyone can do to change my mind at this point."

These corporate shenanigans piss me off and scare me at the same time. Companies expect your undying loyalty, work you long hours, take away vacation and health benefits and reward you by equating you to another bottom line.

Bernard Ebbers, Richard Grasso, Dennis Kozlowski, Ken Lay, John Rigas, Richard Scrushy does the list really need to go on? Everyone one of the companies that these assholes ran received sponsorship/endorsement by the Bush administration. Every one of them! Yet our Commandeer and Cheat wants to cut social security, keep the minimum wage under $6 an hour and privatize anything that could make his friends and family deal that much sweeter. Our government "for the people, by the people" sure is doing a good job of removing "the people" from the equation.

The widening gap between rich and poor

2 comments:

Anonymous said...

Hi, we've put up a post on our blog on corporate management and would like to invite you to tell us what you think. Please feel free to comment.
Here's the link:

http://bloodandtreasure.com

and the text:


Corporate management has descended into absurdity - not just in Meg Spohn’s DeVry where fear and threat pervade every carefully considered action, but in almost every company larger than a corner store. What is there in the corporate world to inspire our ideals or dreams or to fire our imagination? Freedom? No. Honesty? No. Lasting Achievement? No. So what's the attraction? Felix Gerena is definitely onto something in his post, Corporate Perversions (responsible for inspiring the silliness above).

Do you have a corporate management horror story you'd like to get off your chest? We will give a free copy of Institutionalized to those with the best stories.


Noel Guinane
Managing Director
Blood & Treasure, Ltd.
72 New Bond Street
Mayfair
London
W1S 1RR
noel@bloodandtreasure.com
http://bloodandtreasure.com

DirtE said...

Looks good to me folks, anyone else have horror stories or am I the only one here with an exaggerated sense of martyrdom?

Dirt

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