Bkm
Fixed for the coming reality.
producers only produce because thinkers think
Thinkers think because of years of accumulated knowledge
years of accumulated knowledge create a competitive environment
competitive environments create a need for producers
” Jeffrey Gundlach, the CEO of $135 billion DoubleLine Capital”
“I kind of learned who was really doing the work and who was not really doing as much work as it looked like on paper that they might have been doing,” Gundlach said.
I dunno, Jeffrey. What do CEOs do, exactly? Are they the “producers” in the company? Are they worth it?
It seems like the people who work for them (middle mgt) are constantly in contact with me doing all this work and some of the supervisory, middle management people I’m starting to wonder if I really need them. And this is just a one sample thing,” he added.
What, me worry? The Fed is bailing out the bankrupt mega-corporations and the stonks keep going up in a V-shaped recovery! Carry on!
Yet the idiot PHB type finds a way to survive in most cases.
This is not surprising. My wife and I have had this discussion. I’m guessing it is going to hit the tech world hard. They pay crazy salaries to a lot of people who don’t produce much. My nephew makes a low six figure income, but admits that between projects, which is often, him and his buds play a lot of video games. I could see him being one of the victims of this. I’ve worked in a number of office in the past and I can attest to the facts that most companies are heavily over employed and could so better hiring contractors when needed rather than having cull time employees hanging around the water fountain.
IMHO, a lot of gvt jobs could be cut and the result would be negligible, a good thing.
I think the nobama administration really stuffed the gvt workforce with below grade people. These folks making 100K+ need to be gone.
“one of the outcomes of remote work is it reveals who produces and who doesn’t.”
Very true. Reminds me of a line from Yes Minister, “lots of activity but no actual achievement”. There are people at work who look busy all the time- going in and out of meetings all day carrying laptop in hand, scheduling more meetings when they are out of meetings, checking messages/ replying to messages _during_ meetings... and you have to wonder- what do they actually produce? Would the company stop functioning without them ?
I thought I was in a rerun of the ‘80’s for a minute. Word for word this article could have been written then.
Just change the $100,000 to $60,000.
Reviews (Indeed and Glassdoor) from his employees are negative on its management, leadership, use of technology, and culture. Quarter of his workforce does not approve of the CEO.
With many people working from home the past 3 months a lot of “managers” are sitting around wondering what to do. They have literally nothing to do in many cases.
At my company I’ve been questioning the value of all the managers for many years.
In my humble opinion they not only offer zero value, they’re actually net negative value because they usually make situations worse.
Back to the 80s? Again?
A cohort of mine came up with his “Rule of 1,000”. It says that once you reach the point of 1,000 employees no real work need be done for them to look busy while they are communicating.
In a similar way, fewer meetings are being held now and it some outfits people are finding spare time on their hands yet the work is still getting done. Amazing.
BP is returning to their roots and reorganizing. This is a familiar theme with them and they draw it out to maximize the anxiety seemingly on purpose.
“It seems like the people who work for them are constantly in contact with me doing all this work and some of the supervisory, middle management people I’m starting to wonder if I really need them.”
i had a boss who believed and used to say all the time that at any given level in any organization that “20% of the people do 80% of the work”
my own observations have pretty much confirmed his rule of thumb ...
We’ll all inevitably be working for Amazon anyway.
Lower and middle management. No real power to affect change... take crap from above and below and the first to be cut when things go sideways because of bad decisions made by people above their pay grade.