How To Hide Poor Sales: Force Employees To Buy Products
from the hmmm dept
It's often unfortunate that Wall Street forces companies to take a quarterly view of life. Everything is based on meeting the quarter, which means you miss out on some long term strategic plans. It also leads to a variety of "games" that companies play to try to meet their quarterly numbers. When misses happen, it often means that things like layoffs occur, to cut down on expenses. It appears that Sanyo is taking a slight different approach. According to Good Morning Silicon Valley, the company is "asking" employees to buy expensive Sanyo products, including " televisions, refrigerators, mobile phones and insurance," in order to boost the quarterly numbers. Of course, the whole "asking" term makes it sound like its optional. However, the fact that they've given different amounts for employees to spend, suggests that it's far from optional. Executives are told they need to spend nearly $20,000, division chiefs around $5,000, and other employees around $2,000.