Saturday, March 20, 2010

It`s not about being right, it`s about being effective

posted Wed, 14 Jun 2006

A vice-president at International Paper (you know, that company that isn’t making money despite a booming economy, the company that still paid its CEO a $1.2MM bonus despite an approximately 25% decrease in the value of the company in 2005, the company that couldn’t get the treasurer of Delta, a bankrupt company, to come work for it, despite giving her everything she asked for, the company whose stock has dropped about 3% since I left the company but I’m sure there’s no connection) told a friend of mine, “You need to be able to work effectively with incompetent managers.”

I’ll let you think about that one for a while.

My friend has just accepted a job with a profitable company (their stock has gone from $56 to $62 since January – they must be doing something right) for a 40% increase in pay.

Yes, you read that right.

A 40% increase in pay over what he was making at IP.

He will probably not have to work, effectively or ineffectively, with incompetent managers at the new company. The profitable one.

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