Concerning The balance of assets and liabilities in old mills

Another great one, I saved a copy of this for my next "consulting" assignment, so that I will look smart!!! For one of your future papers, please share with us all how perfectly good and competitive mills get into this terrible shape? What decisions were made by management, and when that creates these bankrupt mills. How can a poor young engineer tell when his management has committed an ireversible path towards bankruptcy. My own beliefs are when they decide maintenance is too expensive, and when they decide that the "union" can actually fullfill promises made and can get the workers to "improve operatosn and cut costs, and buy into 'the happy worker syndrome'". I would enjoy your thoughts on this subject. Its too bad I didn't take advantage of spending more time talking to you when I had you all to myself!!!! You are a good one my friend!

Hope you are well, God Bless,

Joe Broz
Washington State, USA

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Well, Joe, I started on this topic this week. Most people (including management) don't realize it is not management's responsibility to keep employeers happy, it is their responsibility to keep them motivated. Now, if that motivation is fear and it lasts too long, employees will leave, so everything has to be kept in balance. But perpetual happiness? No.

Jim


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