“This will be the biggest turnaround in history”, bragged the Board. They preened themselves for a one-off quarterly profit (and gave employees a celebratory T-shirt) but blamed “factors beyond our control” for the serial losses.
As the last shimmer of profitability sank below the horizon, the crestfallen CEO resigned – image ruined. His former colleagues, however, clung fast to their lucrative jobs. Unstained by red ink, the CFO became boss!
The Board dispatched another plan. “We have to change the way we do business”, they told the beleaguered workforce: “We must take responsibility for our actions! We will hold you accountable!”
As the last shimmer of profitability sank below the horizon, the crestfallen CEO resigned – image ruined. His former colleagues, however, clung fast to their lucrative jobs. Unstained by red ink, the CFO became boss!
The Board dispatched another plan. “We have to change the way we do business”, they told the beleaguered workforce: “We must take responsibility for our actions! We will hold you accountable!”
