“I didn’t think the owners were that greedy!”
That’s what our company president said today when the owners announced who they wanted to sell the company to. We’re all not too surprise by their choice. For the past several years now, the owners have been vetoing pay raises for all their hard working employees. You can imagine how moral has suffered. The longer we work for this company, the more we’ve noticed how their business integrity is like oxygen. The higher you go in the organizational chart, the less there is of it. This week we confirmed that at the level of our owners, it is a complete vacuum.
I should explain that the owners had a choice between two buyers for the company. One group was comprised of seasoned businessman. They had plans to raise the standards and the morale of the company — with pay raises and much-needed improvements to the equipment within the plant. This group actually had people from within the company. Because of this, the owners have been declining their offers for several years now. The buyers weren’t of “the right stuff.” We have yet to understand this snobbish attitude.
The other group is simply investors — bean counting financiers. Obviously, they are interested in the amount of money they can pull out of the company. This is what the owners have been doing for the past decade. As I learn more about investors, you would think that they were protégés of the owners. Perhaps that is why they ultimately won out. I am sure that the fact that the owners weren’t fans of the first group came into play as well.
I don’t know why our corporate organization is like a septic tank. The really big chunks have risen to the top. And now, the top floaters want to retire. They are smart enough to realize that you can only milk the cow so long before you’re left only holding the pail. I think the owners know that they have been udderly ridiculous in how they have undermined a great company.
At one time, I respected the owners as businessmen. Over these past years, they have hurt their business through the most selfish decisions imaginable. Things are far worse than I have posted in these few words. I can say that we don’t know what is going to change over the next few months. Should we hope for a Christmas miracle that we keep our jobs and get a 7 year cost-of-living pay adjustment? This has gone beyond a Dilbert nightmare …
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