Of course! There was never any attempt to avoid that understanding.
It is fair in one reasonable sense, and was (and is) a damn sight better than happens in most corporations.
Most importantly, everybody trusted Bill and Dave to Do The Right Thing (i.e. put pay back up when possible), and that trust /was/ justified.
Such trust was rare then and is virtually non-existent now. :(
That's true, the janitor is probably a contractor. Probably doesn't apply to contractors. That's a good thing to know I'd say
The janitor's employer isn't immune to down-turns either, BTW. If he doesn't like the pay cut, he can find another job, the same as everyone else.
They aren't as valuable traits in management as they once were. The corporate/management traits which are most valued are "dark triad" - narcissism, Machiavellianism, and psychopathy.
That is to say that, psychologically, Americans don't really have much respect people who treat them well. Management that treats its employees well smacks of desperation. Management that treats its employees like they're disposable is indicative of a solid company.
They are still as valuable traits as they ever were, and the careful hiring process in HP ensured the employees had similar traits.
I won't argue about your assessment of the American psyche, but I will be a little sad and think of it as a self-inflicted wound.
They may be valuable for a privately held company but in a publicly held company, this quarter's numbers are more important.
Of course it's nonsense, too. One expects such drivel from ShortBit.
aking 30k
ND!
The problem is that publicly held companies are run as if this quarter's nu mbers are the only numbers that matter, and the numbers for all the followi ng quarters are savagely discounted. Investing for future growth, let alone better performance, isn't well represented by discounted cash flow calcula tions, and people who can't transcend numerical rigidity shouldn't be manag ing anything more complex than a whelk stall.
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Or at least one that is run on the basis that the next quarter's numbers ar e the only numbers that matter.
Krw writes off everything that he wouldn't have written as nonsense and dri vel. Sometimes he's even right, but it's purely coincidence when it happens .
-- Bill Sloman, Sydney
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