Wednesday, October 12, 2005

Retail Drama


So with all this mumbo jumbo about the combination of Federated Department stores and May Co. I have come to set the record straight and voice some of my frustrations to the open public. Mergers of any kind are a pain for all that are involved except for those who are making the decisions and increasing their bottom lines. Even those employees whom are on the side of the mreger that is acquiring the lesser of the to companys still have reason to be worried. Its like the new kid on the block syndrome. No one knows what they are capable of. You used to be big man on campus and all the street kids looked up to you because you were the fastest, smartest, most all around person, now some new employee has come to plant their stake in your territory. A territory that may have taken you some time to win. In any case, this process does not sit well with those from the lesser company either. The options of leaving your comfort zone vs. being unemployed are not quite on the same playing field. One desicion out weighs the other no matter how much they try to increase your severance package. Because the bottom line is that you are not guaranteed to get a job in the alotted time set for your severance. And heaven forbid that you are one of those people with no real talent, but you have gotten by all these years on who you know, and not what you know, then you are really going to be in scramble mode.
I feel that more thought should be considered when taking over a company that employs more than 10k people. It should look at the greater cause and effect of those in which they are affecting, not the notion of more stores, more money, money benefits in my retirement plans.

TBC.....

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