[Sigia-l] Mother of all examples

[James Melzer]

The ADD of public companies is an interesting issue. This year Fortune
mag noted the high percentage of privately-held firms in their Top 100
Firms to Work For list.  Their take was that the motivators are skewed
in public firms so they often have little attention left over for
issues like staff morale and staff development. Most of the public
firms on the list were in very high margin industries, like banking,
who have surplus attention (stemming from their relatively comfortable
survival prospects) to work on staff issues.

I can't find the reference online (I read the print version), but
here's the list:
http://www.fortune.com/fortune/bestcompanies/

~ James Melzer
SRA International (a publicly traded company on the Top 100 list)

ps: Does anyone else think it is oddly ironic that there are publicly
traded banks?


On Tue, 18 Jan 2005 23:55:11 -0800, Scott Nelson <scott at penguinstorm.com> wrote:
> 
> On Jan 18.2005, at 20:35, Listera wrote:
> 
> > Just one example: I witnessed a fairly high-level manager promoted 10
> > days
> > after the group she was directly responsible for 'lost' $10 million
> > through
> > sheer technical incompetence. I was flabbergasted, others told me,
> > however,
> > that it wouldn't amount to a rounding error in that gigantic bank's
> > balance
> > sheet.
> 
> 
> I've worked for those companies; they are not so much the norm, but
> they are certainly not unusual. It's not an attitude I can relate too.
> 
> It's a symptom of public companies though; you are judged not my
> revenue, but by profit and quarter over quarter performance. There's a
> fickleness to publicly traded companies that I have a strong dislike
> for.
> --
> Skot Nelson
> skot at penguinstorm.com
> 
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