June 04, 2003
Greedy corporate executives

I'm sick of this stuff. But at least we're over with it. And I'm going to get accused of slander. FuckedCompany.com here I come!

Q: What's the difference between incompetent managers and pedophiles.
A: There's a registry of sexual predators.

A couple of years ago my company hired a new VP. He brought along a couple of his cronies. Last year, I had dinner with someone who worked for the previous company he was a director at. Unfortunatley, the first word out of his mouth, was "That asshole! You did know we fired him." He sent his pity. I groaned. Unfortunaltey to tally up the immediate damage.

His salary and benefits 2 years
$250K/yr x 2 = $500K

His contracted golden parachute / Sevarance of 2 yrs salary.
$250K/yr x 2 yrs = $500K

Can you believe we had to pay that much just to be rid of this idiot!

Amount of business he generated - Zip, Zero, Zilch.

The only thing I can remember him bringing in was a strange program which supposedly was a control application from his old company. Which I had later found out that his previous company had stopped supporting and laid off the engineer who designed it. In all the application was good, but only worked with their tools so thus completely irrelevant, and unrelated to our needs. His contribution was pretty much useless.

The most fitting thing about his departure, is because it happened while I was away, I hadn't realized that he'd left. And it took me too weeks to realize he was gone. Then again, I guess it's an indication of how much work he did.

Well we're finally done with him. Unfortunatley there's no registry of corporate predators, and incometent managerial offenders. I'm afraid that like the pedophile, he is only bound to relapse, and victimize others.

Unfortunatley the slime in all of this is that it cost us a half a million dollars in sevarance to be rid of him. So we're still having layoffs, and losing good people. It's pretty messed up when you have to lay off good people so you can fire the incompetent.

Posted by justin at June 04, 2003 12:40 PM
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