Middle Mgmt made redundant

Just learned today that one of my old, very respected friends, a middle manager within a large multinational company, has decided to take early retirement.

Although his business track record is impressive and flawless,  and his customer intimacy, knowledge and relationships irreplacable,  the cost saving pressures within our multinational corp’s are so heavy, that even high performers, particularly those who have been around a while, and been very successful, thus having reached high salary levels, have become fair game in the corporate bean counter’s attempts to improve short term margins and quarterly shareholder value.

After 25+ years in a very rewarding and exciting business, where knowledge, motivation and energy were encouraged,  I’m now asking myself how long the current “best practice” major business proposition of cost savings and focus on shareholder value will prevail.

Image

Advertisements

About swdevperestroika

High tech industry veteran, avid hacker reluctantly transformed to mgmt consultant.
This entry was posted in Business, Culture, Finance, Leadership, Management, Organization and tagged , , , . Bookmark the permalink.

One Response to Middle Mgmt made redundant

  1. Check, please! 🙂

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s