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Politics : Politics for Pros- moderated

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To: Ann Corrigan who wrote (19475)	12/11/2003 8:08:49 PM
From: gamesmistress	Read Replies (2) of 793682

Well, there's also the guy - can't remember his name - who owns the Polartec factory in MA. He's fought back from fire and bankruptcy to keep his firm going and everyone employed. Sadly, however, he probably won't be able to keep it from going under - too much cheap competition. Some changes are just plain out of anyone's control, and the only person who's going to take care of you is you. That's why a lot of people are starting small businesses, often using the Internet. I've watched the changes in AT&T and its various spinoffs from 1987 (when I started at Bell Labs) to now. I saw it change from a well-paying, secure, intellectually stimulating environment to a driven, insecure place where people don't really want to be but the pay and benefits are still good so they'll stay til retirement or layoff. IMO Rich McGinn, CEO of Lucent (the old Western Electric/Network Systems piece of AT&T) was one of those CEOs with "over-inflated egos and dismal business skills", but what could you expect? The guy spent 20 years in a monopoly environment and all of a sudden had to create a lean, mean competitive machine? He didn't know how. You could see it coming, though rapidity of Lucent's fall did surprise me.

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