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Potemkin Villager



Joined: 14 Mar 2006
Posts: 1001
Location: Narnia

PostPosted: Wed May 09, 2018 12:13 pm    Post subject: Reply with quote

RenewableCandy wrote:
vtsnowedin wrote:
woodburner wrote:


Thare are also companies run by people who do understand the technical side, but as managers they are failures, consequently so are their companies.


Jolly good question! But trust - as in this case being able to trust someone's CV and references, is crucial to Business and everybody tends to forget that!


Many people are promoted in from operational to management level because they have proven to be a serious danger to the day to day working of the company. Sadly this gives them wider scope to inflict damage on a broader scale. Many companies are carried mainly by the efforts of the lower echelons despite the efforts of senior staff. We are seeing more and more disasters following on from the tireless efforts of the most senior staff.

I remember one incident when a dedicated and competent supervisor finally got so exasperated by the efforts of his line manager to mess things up that he said to him "If you think you are so fecking clever, and you think it is so easy, why don't you try and do it yourself!"

It amazes me that so many dysfunctional organisations keep going for so long. I guess inertia management is a bit like an aeroplane running out of fuel. Things carry on ok for a while but eventually........
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kenneal - lagger
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Joined: 20 Sep 2006
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PostPosted: Wed May 09, 2018 1:53 pm    Post subject: Reply with quote

In most companies people are promoted to the level of their incompetence. Once that level was found if they were subsequently demoted to their previous position, to their level of competence, keeping the extra pay, the company would do much better and the employee would be much happier being recognised for their competence.
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RenewableCandy



Joined: 12 Sep 2007
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PostPosted: Wed May 09, 2018 3:21 pm    Post subject: Reply with quote

I think there's actually a name for this: the Peter Principle.
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vtsnowedin



Joined: 07 Jan 2011
Posts: 4720
Location: New England ,Chelsea Vermont

PostPosted: Thu May 10, 2018 1:51 am    Post subject: Reply with quote

biffvernon wrote:
It would have been better for the system to have crashed ( Tinfoil Hat )


The full extent of a complete crash could not be known and is fortunately still unknown. No responsible public official worth his salt would ever take the risk of plunging all of us into a pit with no known bottom.
On the other hand if they had been doing their job properly right along they would never had to make such dangerous decisions.
I'd take the royalties in gold and bury them in the back forty. Smile
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johnhemming2



Joined: 30 Jun 2015
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PostPosted: Thu May 10, 2018 7:10 am    Post subject: Reply with quote

In the UK the Government nationalised and part nationalised a number of banks to prevent their customers from suffering. This is wrongly described as "bailing out the banks".
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kenneal - lagger
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PostPosted: Thu May 10, 2018 9:33 am    Post subject: Reply with quote

johnhemming2 wrote:
In the UK the Government nationalised and part nationalised a number of banks to prevent their customers from suffering. This is wrongly described as "bailing out the banks".


Perhaps if the government had let the banks go bust then bought the retail part of the banks for the administrators, letting the casino, sorry "investment", part go to where ever, we might be in a better position as owners. We might not now be paying £billions into the US legal system for the fraud, sorry, mistakes, of the former managers.

They certainly bailed out the investment bankers who caused most of the problems.
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Potemkin Villager



Joined: 14 Mar 2006
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Location: Narnia

PostPosted: Thu May 10, 2018 10:14 am    Post subject: Reply with quote

kenneal - lagger wrote:
In most companies people are promoted to the level of their incompetence. Once that level was found if they were subsequently demoted to their previous position, to their level of competence, keeping the extra pay, the company would do much better and the employee would be much happier being recognised for their competence.


Alas and alack such an eminently sensible idea is unlikely ever to be taken up. It is far too sensible and provides little scope for drama. The fact is that people are not only promoted to the level of their incompetence but far beyond it as well!

This couild be regarded as another form of overshoot.
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raspberry-blower



Joined: 14 Mar 2009
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PostPosted: Thu May 24, 2018 9:34 pm    Post subject: Reply with quote

Potemkin Villager wrote:


Alas and alack such an eminently sensible idea is unlikely ever to be taken up. It is far too sensible and provides little scope for drama. The fact is that people are not only promoted to the level of their incompetence but far beyond it as well!



Having worked in the financial sector this is all too common an occurrence.

Meanwhile, back at the ranch, things are still not sorted at TSB (Totally Screwed Bank)

Naked Capitalism: Will TSB ever be completely fixed?

Don Quijones: Furious TSB customers leave in droves as botched revamp drags on
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adam2
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PostPosted: Fri Jun 01, 2018 5:44 pm    Post subject: Reply with quote

There seems to a widespread outage affecting Visa card payments.

I noticed this when trying to use my Visa card on fleabay, at about 16-00 today. It now looks widespread. So if the whole system comes crashing down, I hope that it was not my purchase of some AA lithium batteries that did it !

http://www.bbc.co.uk/news/business-44335804
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woodburner



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PostPosted: Fri Jun 01, 2018 7:06 pm    Post subject: Reply with quote

I uesd mine at about 1630 today no problems.
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clv101
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PostPosted: Fri Jun 01, 2018 7:41 pm    Post subject: Reply with quote

Just been to a supermarket (19:00) totally normal, no queues at ATM and everything looked fine at the tills. My visa payment fine.
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fuzzy



Joined: 29 Nov 2013
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Location: The Marches, UK

PostPosted: Fri Jun 01, 2018 9:28 pm    Post subject: Reply with quote

This caught me near Shrewsbury at 16:00
Being a prepologist, I pulled out some folding. How is the other 99% gonna cope??
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