I had lunch with a friend and former manager last week. When I left the company, he was VP of Finance. Since then, that company has been acquired by a competitor. Since he is still employed, I assumed things were going well. Wrong!
I asked him how he liked working for the new company. He said the first day following the acquisition, he was demoted and that he is now the Director of Finance. His base salary was left unchanged, but his bonus was reduced “so he could be in line with his peers” at the parent company.
I said things could be worse. He said they were… and asked me if I wanted to hear about the view from “under the bus.” He told me their new General Manager does not have a good thing to say about his work. He said the only time the GM calls is to complain, and that he often complains about issues over which my friend has no control. I asked if he thought they were trying to get rid of him, and he said he was sure of it.
Some companies do a very poor job of terminating employees. Of all the ways to do so, the idea of nagging, harassing, complaining and criticizing people until the give up and leave ‘voluntarily’ seems to be a completely unprofessional approach, but one that is used far too often.
In your career, have you been pushed under the bus? If so, please share your story.
Michael Dennis’ Covering Credit Commentary. Michael’s website is www.coveringcredit.com.
The opinions presented are those of the author. The opinions and recommendations do not necessarily reflect the views of CMA, or their Officers and Directors. Readers are encouraged to evaluate any suggestions or recommendations made, and accept and adopt only those concepts that make sense to them.