He's here from Mitch and Murray.
H/T Tengrain for this True Tale from the Annals of Shitty 1990s Management Fads!
All of which you should go read right now.
Here's the creamy nougat center:
You’re Fired!This was called "Yank and Rank" back in the Age of Enron.
Anyone remember how that worked out?
From Boing Boing:
Documentary Enron: The Smartest Guys in the Room
In the new documentary, Enron: The Smartest Guys in the Room, Enron CEO Jeffery Skilling is portrayed as kind of "incandescently brilliant" cult leader espousing a bizarre Darwinist ideology.
Skilling's favorite book is Richard Dawkins' The Selfish Gene, which isn't a bizarre book by any means, but Skilling took the ideas of Dawkins-style Darwinism to a new level by instituting a performance review policy at Enron that worked like a genetic algorithm for people. Every year, all employees were rated from 1 (best) to 5 (worst). The more money you made for the company, the better your rating. (Skilling was fond of saying that money was the only thing that motivated people). Skilling mandated that between 10 and 15 percent of the employees had to be rated as 5s. And to get a rating of 5 meant that you were fired. This review process was dubbed "rank and yank."
It's no surprise that this algorithm resulted in a corporate petri dish teeming with sociopaths who were taped in phone conversations laughing at the thought of stealing money from "grandma millies" who were hit with unafforably high utility bills, and urging on the California wildfires by chanting "burn baby, burn!."...