This is a worthwhile read for this quote alone from Baugh's dad.
If the offers are all similar, this is something these young men should take into account.
https://t.co/yof0Y0sjDr
“Inheritance” is such a dumb idea
Pass on your wealth while you’re alive
Kids don’t need help when they’re 60
They need help when they’re 30, paying debt, buying a house, & having kids
Sensacional isso aqui: um comercial do SuperBowl recriou Jurassic Park com um plot twist
Com o sistema funcionando, o parque não teria virado caos e o filme seria muito diferente
A propaganda tem a volta de Sam Neill, Laura Dern e Jeff Goldblum nos mesmos papéis, muito legal
I'm in Corporate Communications.
Last Tuesday we laid off 2,400 people.
I wrote the announcement.
It took 11 drafts.
Draft 1 said "layoffs."
Legal said no.
Draft 2 said "job cuts."
HR said no.
Draft 3 said "workforce reduction."
The CEO said "too negative."
Draft 11 said "organizational restructuring to position the company for sustainable growth."
Everyone approved.
Same 2,400 people.
Different words.
Words matter.
To the stock price.
I wrote "difficult decision."
Difficult means we thought about it.
We thought about it for six months.
Then we did it anyway.
But we thought first.
That's empathy.
I wrote "we don't take this lightly."
We take it very lightly.
It's a spreadsheet.
Names. Salaries. Roles.
Delete.
Done.
But "lightly" sounds bad.
So we don't take it lightly.
I wrote "impacted employees."
Not "fired employees."
Not "people who can't pay rent."
"Impacted."
Like weather.
Natural.
Unavoidable.
Nobody's fault.
The CEO recorded a video.
He looked sad.
We did seven takes.
Take 1: Not sad enough.
Take 4: Too sad.
Take 7: Perfect sadness.
Authentic.
Rehearsed authentic.
That's the goal.
The email went out at 6 AM.
Pacific time.
Before markets opened.
Before journalists woke up.
Before employees knew.
Some found out on Twitter.
From reporters.
Before their managers called.
That wasn't the plan.
But it also was the plan.
We scheduled the manager calls for 6:15 AM.
Reporters refresh faster than managers dial.
A reporter asked for comment.
I said, "We're committed to supporting affected employees."
Supporting means two weeks severance.
Per year of service.
Capped at 12 weeks.
Maximum loyalty: 6 years.
After that, same payout.
Thanks for your service.
The stock went up 7%.
That's why we did it.
Not sustainable growth.
Not organizational efficiency.
The stock.
The CEO's options vest in March.
The timing is coincidental.
That's what I wrote.
In the internal FAQ.
"The timing is unrelated to executive compensation."
It's very related.
But unrelatedness is the message.
The message is my job.
I'm very good at my job.
Draft 11 proved it.
2,400 people.
Zero accountability.
All sustainable growth.
We moved to “unlimited PTO” to show we trust people.
No accrual, no tracking. Just “take what you need.”
One analyst actually believed it.
He booked two full weeks off in July and put it on the shared calendar.
His manager forwarded it to me with just: “Seriously?”
I told him we’d handle it.
I approved the request, told the analyst to have an amazing break, and added a smiley face.
What they don't know is we track PTO differently.
We have an internal dashboard to track this stuff with our own metrics.
Anyone who books more than 5 consecutive days turns orange.
Anyone who does it during Q3 turns red.
Next to his name, in the “Promotion Risk” column, I changed the tag from “Emerging Leader” to “Fire by Q4.”
Enjoy your vacation James.