by Norman Horowitz
I joined CBS in 1968. Shortly after I arrived, the corporation decided to reduce its headcount by 7.5%. Management assigned me to be the enterprise’s representative at the “division” to discuss how we would go about accomplishing the task.
There were about 20 people in the meeting. Because I was “new,” I was asked for my opinion. I said that, if it were up to me, I would first fire the managers who allowed the overhead to get to a point that we could cut 7.5% of the staff without hurting our operation.
(Actually, we could’ve reduced our head count by 50% without hurting our business, but that’s for another time.)
Of course, I was never invited back to another such meeting. CBS was making so much money that the reductions mattered very little.
Congressman Paul Ryan has been in Congress for more than a decade, yet he talks about cutting the budget as though it were the first time in his “historical context” that we’re spending more than we take in. Cuts must be made…what a discovery! Continue reading “Just Another Demagogue?”