Should ELT heads roll as well??

Excerpt from:

https://www.inc.com/jason-aten/ebays-ceo-says-company-is-laying-off-1000-people-via-zoom-its-an-example-of-what-no-leader-should-ever-do.html

“Honestly, there should be some kind of rule--or, at least, a principle--that if you lead a large company and you find yourself having to lay off this many employees, you should resign. How many is too many? I don't know. That's the problem with rules. Surely, some CEOs would just find ways around it, instead of being held accountable for making poor business decisions.

But, you should be accountable for how you lead people. Leaders should be accountable for the decisions they make, especially when they affect the lives of other people. If you make the wrong decisions, pursue the wrong strategy, or make the wrong bet, it isn't unreasonable to think that you should be held accountable.

Sending an email explaining why you're mostly right and feeling very bad that you have to stop paying almost a tenth of your company isn't accountability. After all, it's the CEO who bet wrong on the strategy--and that's their fault, not their employees'. The employees shouldn't be the only ones bearing that burden.”

Demand accountability.

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8 replies (most recent on top)

If they would cut CEO, VPs, Directors, Specialists, Managers pays, noone would be laid off, trust me all that money is not even close to 650 salries of low paid employees that will be gone in a month, shame on all leaders and CEO himself too to take it the wrong way around again .... New Leader just shown his real face huh.

Let’s see if in the round of 650 without 1 loss of an executive.
Proof.
When pulling down millions in compensation compared to front line at $75K.

Best post on this site in a while.

The stock has been flat for a decade. Our only way to grow is to buy companies incurring large debt. Mass layoffs 3x in 8 years. Pension cuts. Salary cuts. These are just a few of the macro examples of failed leadership.

And if we look at some micro level examples, we have to mention the degraded level of quality throughout central functions, which provides services to the rest of Enbridge. AP, SCM, and TIS are incapable of delivering a quality service.

When is the executive class ever held accountable?

Never happen. We have to transition to an autocratic style of management. Ever consider the continual layoff cycle is intentional? Keep employees motivated through fear? This style of management breaks down eventually because it's too hard to lead without feedback. The best example I can think of is the ongoing SCM fiasco. Do you think even an incompetent leader would tolerate that gong show. They do because all their told is everything is going fine.

What’s that other energy company that’s started with EN? ….. Oh yeah ENRON!!

Smartest guys in the room

Absolutely. The continuous layoffs since 2015 gives smokes signals that this ELT group is highly incompetent. Masking the inability to get it right year after year with catchy layoffs names, should tell employees how inefficient this group is. Mass layoffs are squarely the responsibility of poor planning and lack of strategic thinking. Why should staff pay for bad leadership? Look the where the stock is. Look at be the OEB fiasco. The rate fiasco. 6 mass layoffs in the last 8 years. This ELT group should all be fired.

Absolutely.

Thread regarding Enbridge Inc. layoffs

Should ELT heads roll as well??

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