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Not very many people know or remember who these executives are because there are no Academy Awards in business and no Super Bowls. There's no reason to remember. But WE remember, and we know what happened, because we were right there on the train when it ran off the tracks. Not that we were asked to help steer it. That wasn't our job (as we were clearly told). Our job was to secure the luggage and prepare for impact. Then after that, our job was to clean up the mess, fix the tracks, replace the equipment, and get the trains running on time again......... All Aboard!
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Feel free to name your most notable Hedge Fund, Private Equity Fund, Leveraged Buyout shop, Corporate Raider, M&A Investment Bank team, M&A Legal Team, Short-seller, Dissident Shareholder, and/or Liquidator.
Task 1. Vacation
Task 2. Research
M.O.s of the Office Terrorists and Whackjobs. Free Dartboards. Case Studies
Task 3. Risk Assessment
Getting Fired? The Omens. Company going down? The Early Warning Test.
Task 4. Reset
Protecting family, friends, investments, real estate, and vacations while clearing the decks. Whatever else comes to mind under the circumstances.
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The Friday after Thanksgiving: the only day of the year you can get anything done at the Office.
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This Honor Roll is for the CEOs of big companies. Big companies like the ones these CEOs run employ over 60% of all private sector jobs in the U.S. Each of these CEOs was--or is--paid many millions to make sure that nothing bad happens at their companies. But something bad DID happen at all of these companies--things the CEOs didn't fix. Maybe it's their fault. Or maybe it's not: Indeed some of these CEOs are still viewed by the market as the best thing since stock options. However, each of them has left one or more messes behind them; messes that everyone below them or after them has had to clean up.
THE GIFTS YOUR LOVED ONES NEED TO SURVIVE THE DAILY OFFICE--BUT CAN'T FIND ANYWHERE ELSE!
Did you make it through the debt crisis? Did your kids know what you were up against? Here's a book that will teach them what it was all about and why it is happening again!
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Editor's Choice: The Week's Links
From the Members: business stories, business videos, 60 second movie reviews, 60 second book reviews, business obituaries, and articles about the economy, industries, or companies.
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BE PRACTICAL. BE JUST. GET THE JOB DONE. DODGE THE BULLETS.
50 YEARS OF TRAIN WRECKS
HOW TO PARTICIPATE
SAFELY OUT OF THE LINE OF FIRE.
YOU CAN SHARE WISDOM WITH THE BEST OF YOUR PEERS ANONYMOUSLY.
Brooks McCormick—International Harvester
James Dutt—Beatrice Foods
Warren Anderson—Union Carbide
Alfred Brittain—Bankers Trust
John Stumpf—Wells Fargo
Hamish Maxwell—Philip Morris
David Roderick—US Steel
A.W. Clausen—Bank of America
Gaylord Freeman—First National Bank of Chicago
Ralph DeNunzio—Kidder Peabody
Michael Carpenter—Kidder Peabody
Kenneth Olson—Digital Equipment
William Seawell—Pan Am
Roger Andersen—Continental Illinois
Frank Lorenzo—Eastern Airlines
Al Dunlap—Scott Paper
John F. McGillicuddy—Manufacturers Hanover Trust
David Lewis—General Dynamics
William L. Brown—First National Bank of Boston
James Robinson—American Express
Walter Connolly—Bank of New England
Lawrence Fish—Bank of New England,
David Lewis--General Dynamics
John Gutfreund—Salomon Brothers
Jeffrey Immelt—General Electric
John Meriwether—Long Term Capital Mgmt
Richard Flamson—Security Pacific
An Wang—Wang Labs
Alvin V. Shoemaker—First Boston
Donald Rumsfeld--G.D. Searle
John Thain--Merrill Lynch
Frank Lorenzo--Continental Airlines
Jack Welch—General Electric
Theodore C. Rogers--NL Industries
Willard C. Butcher--Chase Manhattan Bank
Vice Presidents Anonymous is a conversation by and for corporate managers on the firing line. It is a private organization. Participation is free. Participation is anonymous.
Welcome to Vice Presidents Anonymous!
We believe in the fundamental value of enlightened management at all levels of the corporation: Vision, commitment, quality, discipline, ethics, hard work, team-work and personal integrity. That's right--the things that get you fired.
THROUGH THE LOOKING GLASS
WE SALUTE OUR LOST COLLEAGUES AND FALLEN COMPANIES
We enable corporate managers to support each other's work by sharing advice, tactics, observations, opinions, articles, books, movies, art, humor, hobbies, and reports of corporate buffoonery. We enable them to share this all anonymously.
Step 1: We decide that getting the job done and getting it done right is the top priority.
Step 2: We assist the others who want to get the job done right.
Step 3: We acknowledge that getting the job done right is not the priority for the shareholders.
Step 4: We acknowledge that we can't make the CEO do the job right.
Step 5: We find ways to do the job right in spite of the CEO and the shareholders.
Step 6: We go to another company to do the job right.
Rob Levin—Fannie Mae
Ben Heineman—Northwest Industries
Oscar Munoz—United Airlines
William Farley—Fruit of the Loom
Jon Corzine—MF Global Holdings
Lewis Glucksman—Lehman Brothers
James Cayne—Bear Stearns
Sanford Weill—American Express
Frank Lorenzo--New York Air
William Norris—Control Data
Fred Joseph—Drexel, Burnham, Lambert
Leona Helmsley—Helmsley Enterprises
Alan Greenspan—Federal Reserve
Franklin Raines—Fannie Mae
John Thain—Merrill Lynch
Charles Sanford—Bankers Trust
Donald Rumsfeld—General Instrument
Gerald Levin—AOL Time-Warner
Harvey Weinstein—The Weinstein Company
Alexander Nix—Cambridge Analytica
William N. Jenkins—SeaFirst
Frank Lorenzo--People's Express
John Eyler—Toys R Us
Kerry Killinger—Washington Mutual
Ben Love—Texas Commerce Bank
Richard Fuld—Lehman Brothers
Stan O’Neal—Merrill Lynch
Lawrence Fish--Citizens Bank
William G. Kuhns--General Public Utilities
Lewis Herrold Brown--Johns-Manville
Elon Musk--Solar City