OS, breakingpoint by chuck colson wrote about this today and made it out like the company should be socialist. I am fine with them laying off personnel, in order to stay in business. That is part of the corporate cycle. They suck (personal opinion) at what they do and will probably go out of business because BestBuy and WalMart are better and cheaper, but the company in created to make a profit. Back in the 80's "chainsaw" Al Dunlop made a killing as the "mean" old CEO brought in to downsize companies and save them. Econ. 101 says the company comes first, period.
Not saying that it's the feel good thing but when it comes to the bottom line, we all take a back seat and no job is safe. IMO
Back in the 80's "chainsaw" Al Dunlop made a killing as the "mean" old CEO brought in to downsize companies and save them. Econ. 101 says the company comes first, period. Former hedge fund operator James Cramer of MSNBC disagrees with you about Dunlop; it's in one if his recent books.
Not saying that it's the feel good thing but when it comes to the bottom line, we all take a back seat and no job is safe. IMO
Explain the "business value" of the $140 million pension to Michael Ovitz as CEO of Disney after merely 14 months on the job; or of Carly Fiorina's money after running Lucent and then HP into the ground; or the $2 million/year pension to Jack Welch after he *left* GE.
For a good idea of how to *really* do it, look at Gerald Grinstein of Delta Airlines.
Cheers!