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However, they both need to strike a better balance. Experienced railwaymen ran BR. Nobody cared if the trains ran on time as long as people, or product, made its way from A to B.
Nobody cared about profit. Everyone had a job for life. Why stress about such generalities? When the decision arrived to privatise BR something absorbing happened.
Companies that knew very little about the rail industry acquired us. They saw the potential to turn an unprofitable business into a profitable one.
When a corporation buys a railway company, you would imagine they would want to instil railwaymen in their key positions?
How else would they learn about running a railroad, and, therefore, improving performance? Intelligent people understand that a decrease in performance and a reduction in workforce morale will slowly eat into profit.
Leaders like this are thinking very short term, and not long term. Long term thinkers know that this is crucial to the success of the company.
In my experience of cost cutting the attack comes in a series of waves. The people who knew nothing about the railways and their tradition would look at spreadsheets.
Each person who failed in that task would be replaced by someone else more suitable. Very few of those instructed to make such drastic changes were experienced railwaymen.
Those that were experienced were too frightened to speak out against the CEO and his army, and so they pushed on through even though they knew, long term, they were crippling the company.
At the lower level of the business, it was a disaster. Nothing seemed to make sense. There was miscommunication and confusion everywhere you looked.
There was a history of these payments. Some of this history went back decades. The trade union fought tooth and nail to protect their employees rights.
They won some and they lost others. When the gong was finally hammered. Survey what you have left. You have a business where mistrust is in the core.
The heart of the company is rotten. The employees believe they are living in a world of infantilism. There is no trust. There is no morale. There is a worry that the business is going down the pan.
They help take it that way because by this time they no longer care. All the while the rich just keep getting richer. There was an infidelity that seemed eerily familiar.
What started out as a thimble of distrust and anarchy has turned into a cauldron of annoyance, frustration and bewilderment. They are playing a perfect game of poker, and once again it reminds me of a game I was deeply immersed in during the economic crisis of Back in that time when nobody wanted to buy steel, we had to cut costs.
Last week when we were arguing about who should go and get the fish and chips you said that mother said on her deathbed…tell Rodney to go and get the fish and chips.
The company managed to take far more costs out than it ever needed all on the back of a faith agreement they had with the trade unions. Make no mistake about it, these changes, and all the changes that have happened in the past few years — they are all about EBITDA.
And I am reminded of a conversation I had with Talal Shakerchi , who said although the changes have escalated since Amaya bought Stars, the changes were introduced as soon as PokerStars gained a dominant position in the marketplace.
They always seemed to be looking for ways to squeeze a bit more out of the system. I have repeatedly written about the need for the formation of a players union.
During the interview, there were constant references made to the halt of player meetings between PokerStars and the people who make them rich.
I was always sceptical of these meetings having been involved in one myself when with the WPT. It was clear that the company was willing to listen to the players, but the final say on changes would rest with the enterprise.
This is lip service. Daniel Negreanu once said that he has so much money he would never be able to spend it in his lifetime. But he is currently caught between a rock and a hard place.
He is a player who wears his heart on his sleeve. He remembers where he came from. He is also a PokerStars employee. That's all the more true if you're just looking for a place to play poker for free.
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