Read this today: “IBM Corp. this summer will lay off hundreds of workers in the Hudson Valley region as part of a $1 billion company restructuring that could cut as many as 8,000 jobs worldwide.” (link)
The truth: Bad management decisions by the top impact the hard workers under them.
It happens time and time again – when the same cast of characters – The Board, Chairman, CEO, President, CFO, CMO, CIO, COO, CSO, (and many others) make decisions which are either good for Wall Street (to get that pennies per share price up) or good for them (so they can hold onto their jobs for another year).
It’s the typical corporate country two-step – instead of innovation and growth – they focus on swaying to the gyrations of factory/office closings and staff reductions. Make a bad decision? Time to start firing up the guillotine! Instead of realizing that THEY (management) have made serious miscalculations of the market/their customers/their competition, they continue on in their role (with HUGE bonuses) while they slowly eviscerate the organization from the inside out.
Think of what IBM used to be (i.e., the Watsons) where they took bold ideas, acted upon them, and led the industry. They picked up on the PC, Laptops, Operating Systems, Enterprise Solutions, etc. What happened?
Why isn’t IBM in mobile computing? They used to be a leader. Answer: Short sighted vision and watching-their-butt management. What can benefit management in the short term (just to get another year or two of outrageous bonuses) or playing the market so they can leave and land at their next gig (and do the exact same thing over again). I would love some news organization to start up a Bad CEO database so we can see where they turn up next — we can track them like Lo-Jack for executives.
And before I begin receiving rebuttals . . . I know . . . there are companies who are doing it the right way, IBM and other companies are reacting to industry changes, etc. I just find it’s sad to see a leader in American technology lay off 8,000 workers. That’s a LOT of good people. Also, I don’t hate CEO’s — I just hate BAD CEO’s. And we all know who they are.