Corporate executions: the ugly truth about layoffs--how by Alan Downs

By Alan Downs

This article argues that downsizing has had devastating results on businesses, staff and groups. It bargains suggestions for developing leaner, extra aggressive firms via managed development and dependable making plans. The booklet performs into the continued debate concerning the function of shareholders as opposed to staff and groups, the arrival of "turbo-charged capitalism" and the query of even if companies must have a accountability past the temporary base line.

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When asked recently what he considered to be his most outstanding achievement, this once undersecretary of defense said it was his creation of the "HP way" of management. Equally at home in the corridors of corporate and government power or eating a sandwich with workers on the loading dock of one of HP's manufacturing facilities, he is a brilliant engineer and the consummate leader. A number of years ago when I was a new employee of Hewlett-Packard, I heard David Packard speak about his personal philosophy of management.

Decreased tax revenue and falling retail sales all snowball, creating a downward economic trend that ultimately is borne by all those who remain employed. Churches and schools must downsize or even close in response to diminished attendance and funds, further weakening the bonds of community. Families are pushed to the limit as they try to accommodate the loss of a paycheck with the least amount of devastation. This book began with an unexpected phone call from my sister, Camille. When the call came, I was busily cleaning off my cluttered desk in preparation for a week's vacation.

Anders personally received more than $9 million in salary and bonuses. When employees protested the payouts and the public de- Page 26 cried the jobs-for-cash grab, the General Dynamics compensation committee suspended the plan, in exchange, giving Under 160,000 shares of stock, thus cooling the bad publicity but continuing the benefits of the plan. By the end of 1992, Under received a whopping $21 million in compensation for that year alone. General Dynamics isn't alone in using these tactics.

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