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.
The end of the line
1 year ago