Tuesday, January 27, 2009

Bailout DeMotivation

I imagine everyone knows about the Wallstreet, etc Bailout, by now. All of those companies getting bailout money should be somewhat motivational for employees. You work for a company that's falling in the market and jobs are looking more and more endangered. Uncle Sam comes along and gives you money to pull your bootstraps up. Should be kind of motivating right? Here's all of this money to get your company moving, lending, and prospering again. Great. You can rest a little easier.

Then you have companies like Citigroup who gets $45 billion of taxpayer money (part of which comes from the employees of the company) who turns around and lays off 75,000 workers and completes their purchase of a $50 million company luxury jet. Hello!!!! How can anyone at Citigroup interpret that as motivating? It's de-motivating, reducing dedication, productivity and customer service.

Yesterday on Fox Business Happy Hour, I heard a Senator talking about how these large companies should be able to keep their jets because otherwise the people who fly and service them, etc will be loosing jobs - including people who manufacture them. Hello again!!! This Citigroup jet was built in FRANCE. The last time I checked, France was not in The U.S. of A.

C'mon guys, lets take some responsibility and stop the expensive jets, the $1.2 million office makeovers, and the pre-bailout bonuses and start thinking about your employees.

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