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Forums » Fired Earthlink Employees Speak » "Maximizing shareholder value".....
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N10Cities
SILENCE I Keel You
Premium
join:2002-05-07
Roland, OK
clubs:		"Maximizing shareholder value".....

I HATE those fricking words!!!!
to forum · permalink · · 2007-08-29 12:02:13 · Reply to this

qworster

join:2001-11-25
Los Angeles, CA
1 edit		"Next Quarter's Guidance"

How about these ones?

Seriously though, the way Earthlink's management thinks is almost as if to say: "Why do we need these programmers? The programs are already written and running".
to forum · permalink · · 2007-08-29 13:17:08 · Reply to this

W5JGV

join:2001-02-03
Natchitoches, LA
·WildBlue

reply to N10Cities
Re: "Maximizing shareholder value".....

said by N10Cities See Profile :

I HATE those fricking words!!!!
IMHO, the ABSOLUTE Kiss of Death is for a privately held company to go public.

At that point, everything shifts to making the numbers increase for the next quarter so the stockbrokers and financial markets will buy the stock, and to Hell with any real long-term planning for the future.

I've seen it happen twice for companies that I once worked for. What was a good employee-oriented business making double digit profits within a year became a back-stabbing whip-cracking workhouse with one-third the employees and profits down in the low single digits.

Then an attempt was made by (mis)management to "improve the stock position" by dismissing most of the older workers. They were replaced by low-wage employees because, "We're spending far too much on salaries!"

Of course the market thought this was fine.

I really fear for the future of this country.
to forum · permalink · · 2007-08-29 17:48:39 · Reply to this
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