Showing posts with label gordon gecko. Show all posts
Showing posts with label gordon gecko. Show all posts

Friday, March 07, 2008

Bearish views

Wall Street blues - a poem

I took a quick afternoon walk
down Wall Street.
Walked past bankers, rapists,
couple of commonplace murderers,
some stray immigrants,
lovers, fruit vendors and students.

Some had just made a killing
off someone else's fortune.
Some had just killed
for someone else's fortune.
Some were learning to kill
over that self same thing.

Some had just made love
furtively in that empty office space
knowing fully well,
they would not confess.
Some forced their love
on unwilling terms, from positions
of advantage and carrots of promise.

Others were making their plans
of working the American dream,
using, of course - the gospel;
Gekko's famous lines as guide.

Others were just busy, buying lunch
and hurrying back to finish that deal
which will foreclose another home
somewhere else far away.

Some were selling fruit juice
in little plastic cups.
Four dollars for that little cup
seems to resonate
with the rest of the space; rapacious.

Yes, I passed them all
while walking
down Wall Street.

Tuesday, February 12, 2008

What afflicts us...

Normally, I do not pay too much attention to those annoying forwarded emails one gets in their inboxes. Most times, I delete them without much thought. This one I decided to read on... (especially in light of news like this).

------------------------------------------------------------------------------------
A Japanese company and an American company 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, whi le the American team had 8 people steering and 1 person 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, 3 area steering superintendents and 1 assistant superintendent steering manager. They also implemented a new performance system that would give the one person 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 rower. There was discussion of getting new paddles, canoes and o ther equipment, extra vacation days for practices and bonuses.

The next year the Japanese won by two miles.

Humiliated, the American management laid off the rower for poor performance, halted development of a new canoe, sold the paddles, and canceled all capital investments for new equipment. The money saved was distributed to the senior executives as bonuses and the next year's racing team was out-sourced to India.

Note: 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.