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Daily Archive: February 6, 2009

Panasonic’s “tough love” approach to fighting the recession

Huge Recession-Fighting Cuts at Panasonic – BusinessWeek

Those opposed to a massive stimulus plan for the US might want to look at this article…Panasonic is taking a hyper-aggressive approach to fighting off its losses in profits.  Laying people off, closing plants, and taking a HUGE bath on losses for this year.  $3.85 BILLION this year, though March.  That’s TWICE the size of previous estimates.  This will increase the net loss for the year to $4.2 billion. 

However.  Next year’s savings could top $1 billion.  That’s a remarkable number considering this is a consumer electronics company in a market where people are saving at potentially scary rates (US savings rate should be at 4% right about now, possibly more, which is quite high) and consuming at very low ones. 

This speaks to a few things.  First, taking a bath isn’t necessarily bad.  A gigantic government deficit, unto itself, is not a good thing, but in terms of recession, it’s almost always necessary.  Government spending means government deficit, unless you raise taxes at the exact same time (kinda defeats the purpose, though, if you raise taxes the same amount you raise spending).  If huge deficit right now can mean a faster recovery (which, under sound fiscal management should then pay off that deficit), then that’s quite meaningful.

February 6, 2009 Articles from the Web 1 Read more >

General rant

This is a general rant based on a conversation where, to be honest, I was a jerk because I took the below comments too far.  But having said that…

  • If someone mentions something in IM, even in passing, I’m allowed to react to that.  We’re allowed to do that in conversation in general right, unless they qualify with a “this is just a random question” or something?
  • I don’t believe I have to know exactly what it is that an office does to have opinions on the management style of those in that office.  
  • Management and leadership have certain qualities that transcend things, and apply to many topics regardless of actual day to day activities.  For instance, managing growth vs. having people do the jobs of 2-3 positions is not dependent on the tasks being done (well, other than getting the space shuttle landed when people get sick or something, I guess).
  • If a company is growing too fast, then it should grow slower. Still grow, and expectations should be managed, but slow down or people burn out.
  • Until a company moves into a new building to enable growth, then they haven’t moved in yet.  Proof is in the pudding.

Finally, if someone wants to make a flippant, random complaint about something and specifically not want any response, they should tell me so.  I’m allowed to my opinions and to state them unless I’m told to keep my mouth shut.

This has nothing to do with work, by the way, lest someone from SCU be reading this…

February 6, 2009 Musings, Rants, and Random Thoughts 1 Read more >