Quick poll. What would you do to turn around the company?
4 replies (most recent on top)
At one time CBI was a well respected company that cared about its employees, shareholders, and customers. Many long term employees that had 20, 30, 40 years or more service.
So sad that the company no longer values those that made the company a success years ago or even has the same values that it did years ago. Greed and corruption and lack of competence brought the company down. The only ones who came out ahead were the upper management team and board of directors that were responsible for this whole mess. What they did would make for a good case study in a graduate school of business. Those responsible should be locked up for what they did. But I guess stupidity is not a crime here in the US.
I would get a $1,500,000,000 loan because I spent the company's money on retention bonuses.
- Don't pay suppliers. 2. Spend the money on huge retention bonuses to a chosen few. 3. Do everything you can to piss off your best and most experienced employees so they quit–think of all the money you'd save on pay!! 4. Ignore the fact that a strong balance sheet strength is fundamental to being a player in EPC. If you don't have that, you won't have a serious seat at the table with Bechtel, Fluor, even little KBR.
At least that's what I would do!
I would sh– all over the employees and then aggressively squelch any outlets they have to voice their concerns. Let them eat cake!
Works every time.