No one wants to get sacked, fired or terminated in any organization. It's an unfortunate professional situation, almost synonymous to "breaking up" with someone. It destroys the morale and it robs the person of professional and financial security. Not everyone goes through it and it's something unimagined until you're already experiencing it. Here in the Philippines at least, firing people is not a common practice compared to our Western counterparts. In this country, the usual factors that involve termination are: (I believe according to order)
1. Company Shut downs, which means that the company might have closed shop, assets being liquidated, or the organization has trimmed down to cut costs (it's unfortunate if that includes, you), which inevitably forces management to cut people who they think of "no value" or doing "repetitive" functions. Ouch
2. Legal and Personal Matters, which incorporate various illegalities in the workplace. It might be a form of harassment, fraud or plain corporate corruption. Personal Matters are often minimal that's usually fueled by physical health or psychological reasons.
3. Poor Performance of the employee. In the Western setting, it's more cutthroat than what we experience here. Corporations in the Philippines do not just fire people instantaneously. It might be because of the business culture here that we look after people more than just partners in an organization. What corporations usually do is to conduct assessments and adjustments to give the person a chance to redeem himself. It's only in the outsourcing business where local organizations try to pattern their culture to the westerners wherein "sacking" actually becomes a hushed possibility.
But it's entirely different if the CEO or the head of the company suffers the boot. It seems amidst the glory, fame and glamor of their expensive and important lives, one shouldn't forget that the performance of the company is weighing on their shoulders. They have constant clocks ticking to produce results in a months time and if that does not happen, they would inevitably face a more public and painful termination. Who says sacking just occurs in mere employees? All is fair here, somehow.
According to AOL;s business buzz, here is the list of CEOs facing troubled waters:
1. Ron Snyder - Whenever you wear your specialty and overpriced sandal/shoes Crocs, remember him as the CEO. Buzz details he might be replaced by a Nike executive to release them from stagnation.
2. Jerry Yang - Remember his organization, Yahoo, and Microsoft's continuous courting stage that ended up with no offer at all? Some say he is responsible.
3. Johnathan Schwartz - Cute, Long-haired and capable CEO of Sun Microsystems needs to get his company diversified from its server business.
4. Mel Karmazin - CEO of Sirius Satellite needs to clean up debt of recently merged companies.
5. Les Moonves - CEO of CBS, who has done some prominent firing himself, needs to produce something better for the unsatisfied shareholders.
6. Philippe Dauman - CEO of Viacom needs to turn around the company's falling shares
7. Rick Wagoner - Ah, the CEO of the still-surviving General Motors, the last CEO of Detroit's Big Three. Let's see what GM will do next.
8. Richard Fuld - CEO Of Lehman Brothers, company's performance is top priority after all. They might need a change amidst the crisis.
9. Ed Mueller - CEO of Qwest, a big landline phone company, might be fairly taken over to pump up substantial broadband and cellular services.
Who says being CEO is all about fun, glaring prestige and money? These guys have the whole company's future on their shoulders and they are expected to perform or excel in it. A misstep or a slight malfunction might make the unfortunate and hushed professional possibility into a reality.
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