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"The only way to keep them around..." I call BS. It's not as if there's a shortage of employees or execs to go around right now. When a company is taking its l

by jzb 6y ago

"The only way to keep them around..." I call BS. It's not as if there's a shortage of employees or execs to go around right now. When a company is taking its lumps, the execs should too. That should be part of the deal. If the people who actually do the work are getting laid off or asked to double their efforts to compensate for people laid off, then the execs ought to be content to ride out a period without bonuses and work to make those stocks rise in value again. As usual, when things are good - execs see the profits, the vast majority of workers don't. When things are shit, the execs hand themselves bonuses while they cry crocodile tears about laying people off to please shareholders. Fuck them.

abakker 6y ago
Tacit, institutional knowledge is what is being paid for. Not just people who can do a job, but people who already know the nuances of the job. If you’ve ever worked in management you know the ramp up period to being effective is months, not days. In bankruptcy every day matters.
falcor84 6y ago
> "ought to be content" Well, maybe they "ought to", but would they in practice? Unlike the typical employee, executives would generally have enough "fuck you money" to ride out the difficult period from the comfort of their vacation homes. And I'd say most of them would have done enough networking and schmoozing to not worry too much about their next role. > "It's not as if there's a shortage of employees or execs to go around right now" I don't think that there not being a shortage of execs would help the company significantly, since the company wouldn't have much to offer to attract experienced people, and in any case doesn't have the time to wait for the new people to ramp up.
scarface74 6y ago
I call BS. It's not as if there's a shortage of employees or execs to go around right now Again in my case, how many “other employees” are they going to find from the outside who have built a relationship with their largest client [1], built internal relationships with other employees to get things done, know they business domain, and have two years of experience at the company to know how to maintain the codebase? If I were that valuable and hard to replace as an IC, can you imagine trying to replace the customer service managers, salespeople and CxO’s? [1] I was valuable enough that our largest client made a deal with the company that finally did acquire us for scraps signed a special contract that allowed them to hire me as a contractor and get access to all of the source code of the company while I was contracting.
koheripbal 6y ago
This comment is 100% your emotional baggage and 0% logic. You expect an employee to stick around to "take the lumps" voluntarily, for LESS compensation than they would get elsewhere? The reality is that you just don't give a shit what happens to the company or the employee, so you're happy to see the whole thing fail. ...and that's 100% your baggage - don't subject the rest of the world to your emotional problems.

by jzb 6y ago

abakker 6y ago

Tacit, institutional knowledge is what is being paid for. Not just people who can do a job, but people who already know the nuances of the job. If you’ve ever worked in management you know the ramp up period to being effective is months, not days. In bankruptcy every day matters.

falcor84 6y ago

> "ought to be content" Well, maybe they "ought to", but would they in practice? Unlike the typical employee, executives would generally have enough "fuck you money" to ride out the difficult period from the comfort of their vacation homes. And I'd say most of them would have done enough networking and schmoozing to not worry too much about their next role. > "It's not as if there's a shortage of employees or execs to go around right now" I don't think that there not being a shortage of execs would help the company significantly, since the company wouldn't have much to offer to attract experienced people, and in any case doesn't have the time to wait for the new people to ramp up.

scarface74 6y ago

I call BS. It's not as if there's a shortage of employees or execs to go around right now Again in my case, how many “other employees” are they going to find from the outside who have built a relationship with their largest client [1], built internal relationships with other employees to get things done, know they business domain, and have two years of experience at the company to know how to maintain the codebase? If I were that valuable and hard to replace as an IC, can you imagine trying to replace the customer service managers, salespeople and CxO’s? [1] I was valuable enough that our largest client made a deal with the company that finally did acquire us for scraps signed a special contract that allowed them to hire me as a contractor and get access to all of the source code of the company while I was contracting.

koheripbal 6y ago

This comment is 100% your emotional baggage and 0% logic. You expect an employee to stick around to "take the lumps" voluntarily, for LESS compensation than they would get elsewhere? The reality is that you just don't give a shit what happens to the company or the employee, so you're happy to see the whole thing fail. ...and that's 100% your baggage - don't subject the rest of the world to your emotional problems.