Today’s New York Times Metro Section contains a front-page article about a returning Iraqi veteran, Michael Serricchio, finding that his former $200k per annum job at Wachovia Securities had been eliminated during his tour of duty.
The 33-year-old husband and father says that, after three months of pleading with his employer to get his old job back, he was instead assigned to making cold calls for a $2,000 monthly draw on commission. Mr. Serricchio says he intends to sue.
Wachovia executives won’t comment publicly on the issue, saying it’s a legal matter that needs to play itself out in court. As a result, what could have been a minor issue easily resolved has now blown up on the pages of the Times.
One wonders who is making the calls within Wachovia. Is it a human resources executive? Perhaps it’s Serricchio’s erstwhile boss? More likely, a chief legal counsel is calling the shots. I just hope corporate communications wasn’t involved in this fiasco. And if it wasn’t, why wasn’t it?
Too many times short-sighted decisions that can have a huge long-term impact on an organization’s image and reputation are made without consulting corporate communications first. If Wachovia was smart, they would have reinstated the returning soldier’s job. Instead, they’ve done an excellent job of reinforcing the pervasive attitude many Americans have towards large companies: that they’re cold, uncaring and focused solely on the bottom line.