Saturday 14 July 2012

Are all Company Executives Clueless


Private security firm G4S who were awarded the contract to provide security guards for the Olympics were last week forced to admit that they couldn’t provide the necessary numbers.
Now to well and truly ice the cake, senior managers within the firm have said they only realised eight or nine days ago that they wouldn’t be able to meet their quota.
Considering they were chosen to provide their services over two years ago, you’d think they would have recognised a little quicker there was a problem.
This brings me to my question are senior executives of big companies fully in control, last week Bob Diamond resigned from Barclays over the rate rigging scandal saying he had no idea what was going on, now this week the world’s largest private security firm realises it can’t supply enough personnel two weeks before the Olympics despite having two years to do so.
Maybe these high ranking executives at the largest firms don’t fully know what they’re in charge of and peddle just enough bulls**t to the public and shareholders to scrape by.
It’s either that or they know exactly what’s going on and just decide not to bother and just do enough so they can secure their multi-million pound bonus for another year.

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