junecleaver's kitchen

So, who do you think has driven these centrury-old companies, such as AIG, Fannie Mae, Lehman Bros, etc into the ground?

It's incompetent management!! Here these companies were customer driven for 100 years or more, then along comes young, greedy management & soon they're crying "Bail me out!" They stand around announcing massive layoffs of their hourly employees, yet they still award themselves huge bonuses & huge severaces (in case they get laid off). How many of us would keep our jobs if we were so incompetent? How many times have you heard from some manager or supervisor, "You don't have the skill set needed for this job" (when in fact you have way more than the job requires). How many times do you see a mile-long list of skills for some job that pays $15/hour? And, they interview you 2 or 3 times & still don't let you know if you have the job. On top of that, they do background & credit checks -- all for just an hourly position! Yet, these upper managers in these companies have, in a few short years, driven the company into bankruptcy. Has anyone looked at their qualifications? Has anyone conducted in-depth background & credit checks to see if these people are able to handle a major company? Are they even able to retrieve their own email?

In the many years I've worked in offices, I have come across some of the most intelligent, qualified, honest people you will ever see. And most of them have been hourly employees. These hourly employees actually care about their company & work hard to represent it in the best way they can. Yet, they are at the mercy of upper management that decides if they will be able to pay their bills & eat next month. They decide if their hourly employees' children get to see a doctor when ill, get braces on their teeth or even if the employee is allowed to stay home with a sick child. What makes these managers so much better? A huge paycheck? A college degree? Certainly they have proved otherwise with their incompetent handling of these companies.

Bailing them out isn't the answer (maybe many of these managers are the product of parents who spoiled them & always bailed them out when they were kids). They need to step up to the plate with their huge bonuses, salaries, etc., sell their homes & learn to live like the rest of us & take care of their own.

Oh, and to the masses of us who work our rear-ends off every day just to pay bills, how many people have come in to bail us out?