Click here for the article of The Irish Times, December 1, 2008
...Keynote speaker, as he was recently at CA's (formerly Computer Associates) regular user conference in Las Vegas, the auditorium is packed and expectant...
... is the sharpest recession I've ever seen. I've seen worse
recessions - in 1981, we had 11 per cent unemployment and a 20 per cent
prime rate - but today we really hit a wall and went off a cliff. I
don't think the first half of next year will be a picnic either,"
...
The first is that "2009 is going to be worse. Get your house in order cost wise. De-layer, get leaner, get cash."
His second point: "Over-communicate like hell. Your people are scared. You've got to make sure you're telling them what you're doing, where you're going and why you are doing it."
Thirdly: "Reward your best people. You want to take care of them. You want your army to be marshalled and you want to reward them with cash, not a plaque."
Finally, as for other companies, "Buy them or bury them. The prices are right - this is the time to buy. Or go steal your competitor's best people."
Comments