The Cry to Replace RIM's CEOs – A Truly Dumb Idea
October 13, 2011
Leaving aside the recent service outages, the shellacking of RIM in the press is a tad surreal to behold.
For the few Luddites not familiar with the firm, Research in Motion is the successful Canadian smart phone pioneer with revenues of $20bb per year, no debt and cash in the bank. They manufacture products that remain popular around the world and continue to boast technological innovations unmatched by any competitor. Their most recently launched smart phone devices have been well reviewed and appear to be selling well. And though the company's first version of its new tablet, the Playbook, has room for improvement, it is a promising piece of technology.
The CEO Hiring Practices at HP
October 3, 2011
The press tells us that Hewlett Packard is the largest technology company in the world with revenues of $126bb. Impressive as those numbers may appear, they do not seem to impress HP's Board of Directors. You see they do not believe that any of the firm's 324,600 employees are capable of leading it. Not one person. Not this year or last year when CEO changes were made. In fact they were apparently not capable six years ago or even eleven years ago when CEO changes were also made. But before summarily indicting the firm's succession planning/leadership development programs, it is useful to consider the track record of the external candidates who were considered better choices than the firm's internal candidates. This analysis decidedly shifts the spotlight to the competence of Hewlett Packard's Board of Directors.
The Folly of Believing What You Read
September 19, 2011
Some time ago we posted a blog titled ‘So you REALLY want to be a CEO?' which looked at the human costs of climbing the upper rungs of the management ladder. The blog was based on a series of articles immediately following the ‘resignation' of Pfizer CEO Jeff Kindler. All of these articles presented a cautionary tale of life in the fast lane, the long hours, the extensive global travel, and the shareholder pressures that accompany an uncooperative stock price. They also spoke poignantly of the physical and emotional toll that such unrelenting pressure took on the Pfizer CEO who eventually resigned in order to attend to his family and health. As it turns out however, much of this narrative may not have been true
Before sending us your resume (and then getting frustrated with us) ask who we work for
July 25, 2011
A friend of mine is a trustee in bankruptcy. As his title suggests, he and his firm serves those contemplating the ‘cleansing' process of personal bankruptcy. Potential customers compare service providers, select one, and then pay the chosen firm a fee to initiate and manage the ensuing process on their behalf. However, as soon as the relief-seeking customer signs on the dotted line, the trustee's allegiance shifts to the creditors for whom they then seek to maximize debt recovery. This shift in who works for whom must be a tad unsettling for people who already have a heap of problems and stress on their hands.
What Dating Services Can Teach Companies About Hiring
June 1, 2011
Executive-level hiring is a decidedly aspirational endeavor. Organizations idealize their workplace cultures, select for attributes that will fit into those romanticized environments, and then immerse unsuspecting hires into their ice-cold reality of their works-in-progress.
How to Survive a Startup - by Jill Ram
April 20, 2011
If you're an executive and you're thinking of joining a start-up, know what stage of a start-up to join. If the company is in its first year or so, don't expect to make significant changes. If you join after the company is somewhat established and mistakes have been made and learned from, you'll likely be more successful from the outset. If the founder has stepped aside, well, by then, the company is likely not considered a start-up anymore. It won't be functioning like a big company yet, and it won't have all the structure in place that it needs, but it will be run with more practicality and with less emotion. Timing is everything so choose it well.
Good News for the Old, Overqualified and Overlooked
March 18, 2011
It is expected that a significant percentage of the baby boomer generation will drive right past the Freedom 55 highway exit. For many the goal of early retirement will have proven to be unattainable hype, while for others the ups and downs of working will appear more attractive than the prospects of working up and down the local lawn bowling leadership board.
Pressed for time? Blame those Benedictine Monks.
February 24, 2011
It is among the principal reasons candidates tell us they are open to consider a change in employers. They are tethered to it, yet somehow it still flees. It is time, the most precious of resources, and for many harried executives they want some of it back.
Though their relationship with time may be strained, it is worth pointing out that it was not always this way. In his fascinating book Time Wars, Jeremy Rifkin chronicles the evolution of our modern relationship with time. He points out that in traditional agrarian and pastoral cultures, time was a very naturalistic notion maintained in cyclical, repetitive, biological and even sacred terms. The ‘passing of time' was cued via the changing seasons, biological lifecycles and lunar patterns and thus, the cadence and tempo of those societies were finely tuned to the cyclical rhythms of their physical environments. As he states, "Our early ancestors coveted the circle, perceiving time as eternal return, a ceaseless repetition of an endless cycle of birth, life, death, and rebirth". Since these cyclical rhythms could neither be accelerated, nor altered, the cadence of these societies' was natural and harmonious.
Glengarry Glen Ross and the CBC
April 8, 2009
Few movies are more frightening than Glengarry Glen Ross, and few characters more haunting than the burnt-out salesman Shelley Levene, played by Jack Lemmon. Everyone who sells for a living can resonate with the former sales great who is now perennially down on his luck. Tired, frightened, yet defiantly proud, he fights his unimpressed peers and superiors for the respect he believes his total career has earned. But in truth, whatever the fuel was that once propelled him to great heights is long gone and the shell that remains can only lament the caliber of sales leads that stands between him and his former glory. It is terrifying glimpse into a helpless future none of us want.
I thought of Shelley Levene this weekend when I spoke with an employee of the CBC about their funding challenges. As he described the breadth of the broadcaster’s planned layoffs, he noted that they would include the sales organization. It surprised me that a firm in need of revenues would downsize its revenue generating function, but I reflexively reasoned that the move was perhaps an opportunity to prune the non-performers, much in the same manner that Canaccord Capital announced this week that it would cut 20% of their ‘underperforming’ brokers. But then I was told that in fact the sales organization at CBC is unionized and the decision of who to cut nationally is made on the basis of seniority and seniority alone.
If you ask Alec Baldwin, the foul-mouthed ‘motivator’ sent from head office to speak with the underperforming sales organization in Glengarry Glen Ross life is uncomplicated. There are winners and losers and to the winners go all the spoils. As he tells the sales team, if you produce big you win a Cadillac; if you only meet your targets you ‘win’ a cheap set of steak knives and get to keep your job for another month. The bronze medal in these workplace Olympics simply reads ‘you’re fired’.
Glengarry Glen Ross raises moral and ethical questions about our obsession with results and its casualties. It also asks questions of who owes what to whom including the obligations of companies to its employees and of employees to continually learn, grow, develop and stay current while working for their employers.
Last weekend I thought of Shelley Levene and how he much better his life would be if he worked at the CBC. At the same time however I had to wonder whether CBC’s troubles are in part the result of having a company filled with Shelley Levenes.