Tuesday, December 13, 2011

What would you do if this were your story?

How would you react if you found out that your company's chief executive was being paid $325,000 a year, while not only forcing you out of your place of business, but also facilitating the laying off of 42% of the company and a drastic reduction in pay for those still on the payroll - some being reduced from $40,000 a year with health benefits to $4,000 withOUT health benefits?

Oh, I know ... your chief executive did pony-up and take a pay cut from $360,000 to $325,000. Poor guy, I wonder how he's surviving that?

How would you react if you found out that your company's chief executive was blaming the lack of capital on you and your labor representatives saying "The labor strife puts a crimp in our ability to raise money. People are waiting to see what happens." When, in all actuality, people are probably not giving because they see your company swirling around the toilet bowl.

How would you react if you found out that your company's chief executive was apparently more willing to bring an end to your company - a company that is beloved, and has had a deep tradition and legacy of excellence - rather than admitting that he is improperly managing the business? "The final piece is to change these contracts ... If the company does not make these radical changes to its model, it will have to close. Isn't it more terrible to have no company at all?"

Is this at all sounding familiar? No, I'm not talking about the "Big Banks". No, I'm not talking about the home building industry. No, I'm not talking about the billionaire Koch brother's Koch Indutries. And no, I'm not relaying the all-too-familiar story of many 99%-ers.

Sadly, this is what is going on at New York City Opera. And, it doesn't stop there - check out this extremely sad, but very true article from Crain's New York.

2 comments:

Geoff Granfield said...
This comment has been removed by the author.
light gauge roof systems said...

I know exactly where you're coming from. I was a product of a company lay off myself having to settle down from a comfortable place in the suburbs and now to a just measly living quarter with only light gauge roof systems above my head on a prefab house. I hope that challenge at the NY Opera House gets sorted out soon for the benefit of art and all theater goers who adore that place.

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