Friday, December 4, 2020

AFTER THOUGHTS – On Following Fool and So-called Servant-Leader Now Former CEO of Briggs & Stratton Todd Teske Down The Rat Hole

 

Some quotes from the September 28, 2020 WISCONSIN EXAMINER:  Briggs & Stratton’s demise: greed, mismanagement, blaming others

“Just days before filing for bankruptcy in July, Milwaukee’s Briggs & Stratton Corp., at one time the largest producer of small engines in the world and employer to 11,000 union production workers making a solid, middle-class living, handed its top executives $5 million in bonuses, calling them “retention awards.” 

“Like vultures picking a carcass clean, these bonuses in the run-up to bankruptcy have become an all-too-frequent way for corporate executives to gift themselves with one last, egregious payday before stiffing their workers and creditors.”

“The story of how Briggs got to this point is a morality tale about modern American industrial capitalism. Briggs embodies the anti-union race to the bottom characterized by contempt for hourly workers, mismanagement and misjudging markets.” 

“Declining sales, looming debt payments, then the COVID-19 pandemic  with its dramatic drop in lawnmower sales all combined to finally push the company into Chapter 11. Sales for the second quarter of 2020 were down by $107 million, or 18%, over the same period last year. The third quarter results are expected to be even worse.” 

“Despite obvious mismanagement, Briggs’ board of directors in July made “cash retention awards” of $1.2 million to CEO and Chairman Todd Teske, $600,000 to Senior VP Mark Schwertfeger and lesser amounts to other executives. Although the new owners abruptly dismissed Teske on Sept. 22, he could still hang on to some or all of his $8.8 million golden parachute, bankruptcy attorneys suggested to the Milwaukee Business Journal.”

“The day before filing for bankruptcy, Briggs’ board voted to terminate the health and life insurance benefits of the company’s retirees. Then, in late August, Briggs and the United Steel Workers local 7232 (the successor to AIW 232) agreed to a severance package for the workers who will lose their jobs. Most will get less than $5,000.”

“Briggs’ demise has, in reality, directly resulted from its executives’ mismanagement, greed and pathological animosity towards the unionized workers who had made them rich.”

 

THE END

Tuesday, November 24, 2020

STOP FOLLOWING THE LEADER – Even If He Claims to Be Ecological

 

I have decided to put an end to my life long trivial pursuit of following-the-leader.  One of the signs that it was time for this divorce came to me this summer while I was out for a walk with my wife.  We had stopped by a mountain stream to soak our feet, and I noticed a group of preteen boys jumping into a pool in the river upstream from us.  I was a bit confused about why one after another the boys would take turns launching themselves from a large rock and leap into the air, where they then contorted their bodies in such a way that when they reached the water surface their faces and crotches smacked into the water in what appeared to be a very painful impact. 

At first, I thought maybe the poor kids were in need of some diving lessons.  Then I saw a group of similar aged girls on the shore of the river who seemed to mostly be ignoring the antics of the boys, and I wondered if the painful water flops were some sort of attempt to catch the girl’s attention.  But then it dawned on me as I watched the boys one after another repeat a new version of the twisted-plop, that the boys were simply following the rules for that profound childhood game of Follow-The-Leader. 

You would think the pain and humiliation of repeatedly playing this game would be enough for a growing boy to find something better to do with his time.  But like the boys in the game, I have had a hard time letting go of what has amounted to a lifetime of basically following fools.  Twenty years ago, I even got a leadership related masters degree, somehow thinking that if I better understood the theories behind the leader, than perhaps the game would come to hold greater meaning for me.  Once I graduated, I even figured I would find a job where I could work for a more enlightened leader, or perhaps even join the ranks of the hallowed leaders myself. 

Eventually, I did figure out that 30 years or more of being a professional follow-the-leader-er did have some rewards, and I was able to quit my paid gaming days and live off the pension my life of folly had provided me with.  However, like all professional game players, I have had a difficult time just sitting on the sidelines watching everybody else continuing to get smacked around, because their leaders instructed them to do so.  So, I continued to look for ways to get back into the game, on a volunteer basis.  I clung to the idea that maybe there could still be good leaders, who were guided not by the paycheck, but by looking out for the people, and the planet. 

After some extended, long winded efforts to prove that leaders could indeed be worthy of following, I realized that in a healthy ecosystem, there really are no leaders.  None of the participants need to be told or guided by some more powerful or wiser entity how to behave.  They quickly learn to get along, and any smackdowns they might receive reminded them to cooperate with the other players, or suffer the ultimate penalty, which is ejection from the ecosystem in one form or another. 

I am not sure where this conclusion will take me, but my experiments in ecological-leadership have hopefully come to an end.  I post this final summation of my findings not to tell anybody else what to do, but hopefully to remind myself that if I am feeling like I was smacked in the face and groin again, it is likely the result of picking up my old habits and following some fool.  For anyone interested in finding out where this fool has gone, you may follow any of my newfound foolish antics I feel like sharing at my Places I Am blog.  

Note to self - so long follower, and may your journeys always be guided by yourself, and not some fool like me.