Opinion & Analysis
Corporate restructuring – a CEO’s diary
These charts represent the worst nightmare for any CEO. The key thing is to ensure the company does not fold; management must position the company to absorb the shocks that come with a downturn, especially if superficially created by a price war. File
Posted Monday, July 4 2011 at 00:00
September: HRD has finalised on the Hit List. It’s not pretty. I know so many of the people on it, many of whom walked the difficult path to bring the company to where it is. How will I face them? I know, I’ll go to the United Kingdom via China to have a look at that new operating system we’ve been thinking about buying. That should get me out of office long enough for the dust to settle.
December: It’s over. At least the hard part is. My numbers will be flat this year but at least they won’t be below 2010 PBT. The Hit List is long forgotten and next year’s numbers will be even better as at least 30per cent of staff costs have been extinguished.
If revenues don’t improve, I need to find something to cut once again. Time to take The Terminator for a round of golf and get some ideas. He seems to have forgiven me that board-room snafu of a few months back!
Carol.musyoka@gmail.com Twitter: @carolmusyoka
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