The Daily Comment: Human Capital

>> Wednesday, July 23, 2008

From last week's work newsletter:

It’s not only my opinion, but that of co-workers that I’ve had the pleasure to work with for over 23 years now, that the old saying is true: “No matter how much things change, they still remain the same.” [This company] has lost its value in “human capital.” Unfortunately, when this change began, there was a new CEO with a personal agenda, much like any new president coming into office. It’s sad to see a company so great and old, shrink and whither to what a few “humans” believe will help profits and increase shareholder approval, all at the cost of high turnover rates, an attack on safety that has been fought much like our Iraq war, and a discontinuing of segments that once made this company great profits. Things change, and change is usually good, but with all your PhDs and MBAs, I can only pray we/you don't follow the path of Bear Stearns, Enron, WorldCom, United Air, etc. Thank you for at least 15 wonderful years. It’s been a pleasure working for [this company]. I wish you well in your future efforts.
— Jay; Salinas, Calif.

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