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Another Company story

   

There is a company I know of, a very large and imensly powerful corporation, that is headed by a board of directors which control everything that happens within this company.

This company also has many, many shareholders that elect the members of the board.

The problem with this company, as it has been with so many others we have heard of recently, is that the board is taking advantage of their power, prestige and responsibilities to the point where it is hurting the company as a whole, it's employees, customers and shareholders, as well as the public as a whole.

The board, CEO & CFO are making decisions that are taking this company down a road of disaster and devastation. Right now, this company is face to face with bankruptcy, and despite what is being said, their credibility, financially and otherwise is is in tatters.

Top management is doing everything in their power to keep things tightly controlled, they monitor their employees closely, controlling the flow of information by means that are downright illegal and immoral. But is does not stop with the employees alone, shareholders are being intimitated and threatened, laws bent and applied as it suit their needs. Why is this comapany getting away with such scandalous behaviour?

The top-management engages in hostile take-overs, violence toward its own "membership" as it were, suppression of human and constitutional rights, martial law against its employees and shareholders and many more transgressions.

Many shareholder, in fact 90%, are aware of the facts, but yet do nothing about this. Probably because they are scared, unsure of what to do. Maybe they feel that it is better to deal with the known rather than the unknown, should they decide to make a move to bring changes about. The other 10% are either blissfully ignorant or support the board because it benefits them directly and they have no interest in changing the status quo, fearing that they may loose their upper hand.

 

The board is aware that the problems have grown to epic proportions and that a collapse is unavoidable, it is not "if" but "when" the collapse will occur. There is no "bailout" in sight, no miracle cure to save this company from ruin. The only course that can save this company, financially, morally and ethically, is to "trim the fat" as it were. However that would mean that some of the board members may loose their jobs, and even more frightening, they may be held criminally, if not otherwise, accountable for their deeds while holding their positions. It is not all the fault of the present company leadership that these problems are present, former board members and company leaders have started this road to decline, but they are out of the picture now, and possibly safe from any accountability for their ill deeds.

But the question is this: why, when new top management took over this company, already being distressed and in need, would they continue to follow this ill advised path further and take the company to the brink of destruction? Why does this company allow to pay it's management top bonuses and perks above their already inflated salaries? Why does this company continue to spend money like it is of no consequence? What about the ones at the bottom of the totem pole, the ones that actually do the work and not sit on their rumps? What do they get? Most of them haven't had pay raises or cost-of-living- adjustments since the dark ages, but yet show up every day to do their job so they can afford to barely support themselves and their dependents. At the top - some board members and shareholders included -, a select few live the the lifestyle we read about in glamour mags, and at the bottom are the ones we never hear about, because they don't rate the space. But yet....they are the ones that make this company go, without them there would be NO company, NO need for ANY kind of management, least of all TOP management. And what about the shareholders? They invested into this company in good faith, bringing in revenue to get this entity started in hopes that it will return the favor some day. For a while it was doing that too, but lately, for the past decade or so, the returns have been getting incramentally smaller and unreliable, the shareholders are being told that the profits have been less and less, but yet the spending at the top does not stop. The carrot that is dangled before the majority of shareholders is that it will turn around soon, but if they abandon ship now, they will be left out when the big payday comes in. So they hold on, maybe even against their own better judgement, in hopes that these promises became fact. Everybody has to tighten their belts in this day and age they are told, except for the select few.

But the biggest question of all: WHEN WILL THE SHAREHOLDERS AND EMPLOYEES, AND THE PUBLIC AS A WHOLE HOLD MANAGEMENT ACCOUNTABLE FOR THEIR DEEDS?

It will be too late once the company has folded.