[DeTomaso] allowing Detroit to fail
Thomas Tornblom
Thomas.Tornblom at hax.se
Wed Dec 10 12:55:54 EST 2008
michael at michaelshortt.com skrev:
> Another thing that you will find in Japanese countries is that the CEO
> only makes about 7X the salary of the average worker, anything paid
> above that is based on profitability in real money, not on paper.
I was amazed when I last week read in a Swedish computer rag that the
chairman for the Swedish daughter company was in fifth place on the
income league of IT-people. His taxed income 2007 was almost 20 times
mine. The company has not exactly shown a stellar profit since 2000.
His salary was about 8 times the salary of the Swedish prime minister.
Thomas
>
> Michael in Savannah
>
> On Wed, Dec 10, 2008 at 12:36 PM, Thomas Tornblom
> <Thomas.Tornblom at hax.se <mailto:Thomas.Tornblom at hax.se>> wrote:
>
> Working for a US company, but outside of the US, I must say that this
> story has a lot of merit.
>
> I have been working for Swedish companies in the past, and the
> management philosophy of US and Swedish companies are like night and
> day.
>
> Swedish companies tend to have a flat management structure, and all
> levels are more involved in the decision process. Employees are expected
> to take own initiatives.
>
> I just checked and I have 8 levels of managers above me.
>
> Need I say that the stock is at around 1/70 of what it was when it
> peaked in the summer of 2000?
>
> Luckily I unloaded most stock and bought the 1984 GT5 in 2000. Had I
> kept the stock it would have been worth less than $800 today. :-|
>
> Thomas
>
>
> Rick Moseley skrev:
> > A Modern Parable.
> >
> > A Japanese company ( Toyota ) and an American company (Ford
> Motors) decided
> > to have a canoe race on the Missouri River Both teams practiced
> long and
> > hard to reach their peak performance before the race.
> >
> > On the big day, the Japanese won by a mile.
> >
> > The Americans, very discouraged and depressed, decided to
> investigate the
> > reason for the crushing defeat. A management team made up of senior
> > management was formed to investigate and recommend appropriate
> action.
> >
> > Their conclusion was the Japanese had 8 people rowing and 1
> person steering,
> > while the American team had 7 people steering and 2 people rowing.
> >
> > Feeling a deeper study was in order; American management hired a
> consulting
> > company and paid them a large amount of money for a second opinion.
> >
> > They advised, of course, that too many people were steering the
> boat, while
> > not enough people were rowing.
> >
> > Not sure of how to utilize that information, but wanting to
> prevent another
> > loss to the Japanese, the rowing team's management structure was
> totally
> > reorganized to 4 steering supervisors, 2 area steering
> superintendents and 1
> > assistant superintendent steering manager.
> >
> > They also implemented a new performance system that would give
> the 2 people
> > rowing the boat greater incentive to work harder. It was called
> the 'Rowing
> > Team Quality First Program,' with meetings, dinners and free pens
> for the
> > rowers. There was discussion of getting new paddles, canoes and other
> > equipment, extra vacation days for practices and bonuses. The pension
> > program was trimmed to 'equal the competition' and some of the
> resultant
> > savings were channeled into morale boosting programs and teamwork
> posters.
> >
> > The next year the Japanese won by two miles.
> >
> > Humiliated, the American management laid-off one rower, halted
> development
> > of a new canoe, sold all the paddles, and canceled all capital
> investments
> > for new equipment. The money saved was distributed to the Senior
> Executives
> > as bonuses.
> >
> > The next year, try as he might, the lone designated rower was
> unable to even
> > finish the race (having no paddles,) so he was laid off for
> unacceptable
> > performance, all canoe equipment was sold and the next year's
> racing team
> > was out-sourced to India.
> >
> > Sadly, the End.
> >
> > Here's something else to think about: Ford has spent the last
> thirty years
> > moving all its factories out of the US , claiming they can't make
> money
> > paying American wages.
> >
> > TOYOTA has spent the last thirty years building more than a dozen
> plants
> > inside the US - The last quarter's results:
> >
> > TOYOTA makes 4 billion in profits while Ford racked up 9 billion
> in losses.
> >
> > Ford folks are still scratching their heads, and collecting
> bonuses...
> >
> > IF THIS WEREN'T SO TRUE IT MIGHT BE FUNNY
> >
> >
> >
> > But don't worry we [the tax payer] we will bail them out so we
> can continue
> > their mediocrity....
> >
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>
> --
> Real life: Thomas Törnblom Email: Thomas.Tornblom at Hax.SE
> Snail mail: Banvallsvägen 14 Phone: +46 18 444 33 21
> S - 754 40 Uppsala, Sweden Cellular: +46 70 261 1372
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> --
> Michael L. Shortt
> Savannah, Georgia
> www.michaelshortt.com <http://www.michaelshortt.com>
> michael at michaelshortt.com <mailto:michael at michaelshortt.com>
> 912-232-9390
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Real life: Thomas Törnblom Email: Thomas.Tornblom at Hax.SE
Snail mail: Banvallsvägen 14 Phone: +46 18 444 33 21
S - 754 40 Uppsala, Sweden Cellular: +46 70 261 1372
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