There is a corporate entity out there, vast and powerful,
big enough to dictate the terms of any contract it enters into, it spends money
like water yet it provides lavish perks for its executives and its board while,
at the same time, being underfunded to the extent that it has been running so
deeply in the red for so long that it has been essentially bankrupt for ages.
The only reason it has survived this long is that its influence with consumers
is very great, and it has its hands in so many aspects of business and personal
life that it is, essentially, too big to fail.
However, even with that its days seem more and more to be
numbered. You see, while the uneducated consumer is this outfit’s best friend,
especially in their support for the new CEO, many of the dirty tricks that have
kept its consumer base strong over the last thirty years are now being noticed.
Here are some highlights:
·
Payroll data to the shareholders have been
manipulated to look better than they actually are.
Production figures are doctored to provide statistics helpful to the
executives.
·
Operating shortfalls are mitigated or hidden
altogether by cleaver accounting gimmicks.
·
Dishonest price policies to make consumers
believe that products are not nearly as expensive as they really are.
Data regarding layoffs are manipulated for the benefit of the executives.
·
Data regarding pensions and healthcare spending
are not reported on the general budget to improve the figures.
·
It pays current dividends to eligible shareholders
with current revenues, which it has traditionally been forbidden to do.
As of right now, this organization has obligations that
exceed five times the amount that it produces and it is about to launch a major
expansion against the will of the majority of the shareholders, a move being
pushed through by the new CEO and his executive board even though the theory it
is based on is questionable and flies in the face of experience. More than
that, a major portion of its business appears to be, in all but name, a
Madoff-style pyramid scheme.
You are a business owner. What would you do to clean up this
mess? What is the bottom line here?
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