Retrenchment, Relocation, Closure - Are these the only options available to employers?

 

The Fourth Envelope

by Girish Menon

Paul, venerated corporate chief

Had three sealed envelopes

Which he consulted

In times of crises

Enabled his long career

And gave it to successor Neil

Neil ascends the throne

In time comes the first crisis

Opens the first envelope

‘Blame your predecessor’

The crisis abates

Neil survives

Changes the firm’s structure

Creates the second crisis

Opens the second envelope

‘Blame the culture’

The crisis is managed

Neil receives huge pay hike

Neil sacks loyal staff

Engulfs in a third crisis

Opens the third envelope

‘Prepare three such envelopes’

Neil is not ready to quit

He calls Paul for counsel

Paul says I have the mantra

That works all the time

You can have it

If you pay me the dime

Neil buys the counsel

‘Blame the economic downturn’

Neil survives the crisis

Decade in the saddle

The firm has not grown

The staff is insecure

The board has cronies

The economic downturn

Neil’s saviour in time