May 24

My COO is overpaid, my CFO is 60 percent of the executive he once was and my CMO is good, but certainly not a superstar

Wilpon21Imagine the chief executive officer of a publicly-traded corporation bashing his best employees  in a New Yorker article. Well, that's exactly what Mets owner Fred Wilpon just did.

The beleaguered owner of the beleaguered franchise told a reporter that Jose Reyes won't receive a grade A contract when his current one expires at the end of the year. He said rightfielder Carlos Beltran is only 60 percent the player he once was and called David Wright 'a good player, but not a superstar.' He also said some nasty things about first baseman Ike Davis.

When asked if the Mets were snakebitten, Wilpon mimed Beltran's check swing that ended the 2006 National League Championship Series and the team's chance at a World Series. In short, Wilpon totally bashed his own players and team.

Could you imagine a Fred Smith, Jeff Immelt or Mark Zuckerberg doing something similar? Actually, I COULD see Zuckerberg doing it. And, Steve Jobs was notorious for beating up his employees, but never in public.

The Mets are a complete train wreck, with a 'conductor' who doesn't believe in his talent. It's time for Wilpon to sell and a new owner to take over. It's tough enough to motivate a cast of characters who ARE overpaid and who DO underperform. I actually agree with everything Wilpon said about Reyes, Wright and Beltran. But, I'd never, ever say it on the record.

That said, have I told you my feelings about Ed lately?

A tip o' Repman's batting helmet to Chris 'Repman, Jr.' Cody for suggesting this post.

Apr 25

With friends like Jack Welch, who needs enemies?

Jack Welch never ceases to amaze. He’s arguably the greatest chief executive in American businessWelch
history. He’s earned every conceivable accolade. And he’s worshipped by businesspeople near and far.

So, why does he feel the need to publicly bash his hand-picked successor, Jeff Immelt?

Speaking to reporters after Immelt accepted full blame for GE’s mediocre first quarter, Welch said he would ‘…get a gun out and shoot’ Immelt if he missed his financial goals again.

Ouch. What’s that all about? Talk about second guessing someone. Talk about slamming your own golden boy.

Welch obviously comes from the Vince Lombardi ‘tough love school of management.’ And, even though he’s no longer running the show at GE, he’s still trying his best to motivate Immelt by fear.

Management by fear is totally bogus. I never liked reporting to a menacing CEO and found myself being less strategic, less creative and less productive as a result.

Retired CEOs should stay retired. Or, they should write columns for BusinessWeek. Or they should charge hundreds of thousands of dollars for one hour speeches. But, they should not publicly bash their hand-picked successors.  It’s bad form and reflects poorly on the image and reputation of all concerned.