Is their mission to provide liquidity, or is that the sub-goal that has led to this trap? I don't disagree on the sub-prime issues, but I'm curious about the idea that Fan/Fred failed in their mission by getting stuck in the liquidity issue as sub-goal which surplanted the actual mission statement.
It reminds me of working for Chi-Chis, oddly. They were being destroyed top-down by managers seeking promtions by showing their improvement in the company. One jackass had his performance measured by money spent per patron/table. He focussed on getting deserts to the customers - which waiters hated (they made the things). For $5 for about every 2-3 people, the customers sat at tables for an extra 20-40 minutes - losing another $40-100 table. He increased per unit sales, at the loss of sheer volume of sales, but I'm sure he got paid handsomely for achieving his performance meter.
Ok, that was a HUGE tangent...but I'm big on people getting stuck on sub-goals. See also, money.
![[personal profile]](https://www.dreamwidth.org/img/silk/identity/user.png)
timeasmymeasure
no subject
Date: 2008-09-08 01:24 pm (UTC)It reminds me of working for Chi-Chis, oddly. They were being destroyed top-down by managers seeking promtions by showing their improvement in the company. One jackass had his performance measured by money spent per patron/table. He focussed on getting deserts to the customers - which waiters hated (they made the things). For $5 for about every 2-3 people, the customers sat at tables for an extra 20-40 minutes - losing another $40-100 table. He increased per unit sales, at the loss of sheer volume of sales, but I'm sure he got paid handsomely for achieving his performance meter.
Ok, that was a HUGE tangent...but I'm big on people getting stuck on sub-goals. See also, money.