"Just wait til the costs of building Pinch's pleasure dome kick in. Ah...that sound of falling equity."
'That building is killing them. As well it should. It was a vanity project from the git-go. The Times just didn't need it, but Pinch wanted a pretty building to work in. And now it is going to cost him everything. Richly deserved. Stupidity should be punished severely. At least Pinch will have a pretty building to throw himself from the top of when it's all gone wrong.'
Years ago when I was working on my MBA, one of the professors discussed the deadly Pyramid Syndrome of CEO's and board members.
It is like an autonomic triggered self destructive syndrome. They subconsciously know that their business has seen its best days and may be ready to start the path to the buggywhip cemetery.
So they decide to build a modern day Pyramid to leave their mark on life and history. They focus so much energy and finances on building their pyramid, their company will often a severe if not fatal hit.
If you are working for one of these companies going through a pyramid building death throes, you should be looking for a new job.
And just think. they shuttered a press and fired a bunch of blue collars to save money for to spend on Pinch's Phallic Symbol...
Bravo! A lyrically written allegory for life that easily surpasses Howie Raines' opus.
Dick Parsons and Time Warner...perfect example.
Dick Parsons and Time Warner...perfect example.