Thread regarding IBM layoffs

The parable of the CEO and the Golden Geese that pillaged IBM

Here's a parable about a lousy CEO, with a moral lesson: Editors note, the wise CEOs names were Watson and the follow on's all went by "Reggie" (Gerstner, Sam, Ginnie, Arvind):

The Parable of the CEO and the Golden Geese

Once upon a time, in the thriving land of "Profitsville," there was a renowned company called "Golden Egg Inc." Their success was built upon a peculiar and wonderful thing: a flock of magical geese, each laying a golden egg every day. The former CEO, a wise and patient woman, nurtured these geese, ensuring they had the finest feed, ample space, and a calming environment, understanding that happy geese laid more eggs. The company, and its employees, prospered as a result.

However, one day, the wise CEO retired, and a new leader, Reginald "Reggie" Rattle, took the helm. Reggie, while possessing a flashy smile and a booming voice, had a rather singular focus: himself. He saw the golden eggs not as a testament to the geese's well-being, but as a personal entitlement.

Reggie immediately ordered the geese to be housed in smaller, more crowded enclosures. "Efficiency!" he declared, "More geese, more eggs, faster!" He cut their feed budget, arguing that "they're just geese, they don't need gourmet meals." He even implemented a "golden egg quota," demanding more eggs per goose, per day, regardless of their natural rhythm.

Initially, the geese, being resilient creatures, tried to adapt. They laid their eggs, though with increasing effort and less sparkle. The employees, witnessing the decline in their feathery companions' morale, grew anxious. They tried to voice their concerns to Reggie, explaining the former CEO's philosophy of gentle care and its connection to the eggs' quality and quantity.

But Reggie, seated comfortably in his plush executive chair, dismissed their pleas. He declared the geese were lazy and needed more effort. He even threatened to replace them.

As time passed, the golden eggs began to shrink and tarnish. The geese, stressed and overworked, stopped laying altogether. Golden Egg Inc., once the envy of Profitsville, began to fail. The employees, disheartened, started seeking other jobs.
Reggie blamed everyone but himself: the geese, the employees, the market, and even the stars. Eventually, Golden Egg Inc. went bankrupt. Reggie was left alone with a few tarnished eggs.

The Moral of the Story:

This parable highlights a crucial leadership lesson:

True leadership is about stewardship, not entitlement. Reggie viewed the company's assets as his personal gain, rather than resources to be nurtured.

Empathy and understanding are crucial. Reggie's failure to listen to his employees and understand the geese's needs led to the company's downfall. Good leaders create a positive environment.

Short-sighted self-interest leads to ruin. Reggie's desire for more, at the expense of sustainable practices, destroyed his company.

Blaming others hinders problem-solving. Reggie's inability to take responsibility for his actions prevented him from addressing the core issues.

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| 1361 views | | 9 replies (last July 24) | Reply
Post ID: @OP+1k0aftv65

9 replies (most recent on top)

@1a3

rearranging the deckchairs on the sinking Titanic makes the game much more interesting and entertaining.

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Post ID: @1ef+1k0aftv65

"You can only rearrange the deck chairs on the Titanic so many times"

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Post ID: @1a3+1k0aftv65

@jq

The cannibals on the South Sea Islands would love to serve him up with fava beans and a nice Chianti. And Krabanaugh too - two for the price of one.

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Post ID: @zd+1k0aftv65

Alvind is getting porky

He looks bloated tired and angry

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Post ID: @jq+1k0aftv65

'Reggie was left alone with a few tarnished eggs.'

That's not how CEOs work though. If you succeed as a CEO - you're left with serious cash. If you utterly destroy the business as a CEO... you're still left with serious cash.

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Post ID: @gq+1k0aftv65

what is left to sell off that has any value and what will be spun off to die off? who would buy any tech when the last 10 years all ibm did was buy profits via mergers

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Post ID: @dn+1k0aftv65

IT industry is too competitive and going way too fast for a single company to be relevant over 60-70 years ; IBM has done extremely well in its history ; it’s time now to pass the baton and let it go.

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Post ID: @b3+1k0aftv65

The writing was on the wall. That is the cycle of life, IBM reached its life cycle limit.

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Post ID: @am+1k0aftv65

Your parable is an accurate reflection of the decline and fall of IBM, and reasons for the fall. For those interested, Bob Cringely wrote a great book on this subject (The Decline and fall of IBM) and it's available through Amazon.

Check out --> https://www.cringely.com/2014/06/04/decline-fall-ibm/

Sadly, IBM isn't coming back as it sinks to the bottom in it's death throes....you make your bed, and you lie in it.

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Post ID: @ag+1k0aftv65

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