I've been talking for some time with friends about writing a book about what happened to my old company. It was a good place to work, until we got a new CEO - whose name I won't mention here for various reasons. This individual came to use from an airline that he had driven into bankruptcy while trying to get it ready for an IPO; he left that company with $15 million in his piggy bank while reducing headcount and getting employees to take deep wage cuts.
When he came to my company, he immediately began layoffs and gave employees a 5% wage cut (We're not unionized, so we didn't have a choice.). We were told that the wage cuts might be temporary. Months later, at the time we were finding out that the wage cuts were to be permanent, a friend googled up some SEC documents which detailed the outrageous salaries and bonuses our executives were getting!
All this was in preparation for an IPO to take the country public. The IPO tanked - the market wouldn't match the price per share our CEO wanted. Next step was to get the company ready for sale to the highest bidder.
All this was while continually reducing headcount. Our pension plans were frozen; we were told that, no matter how long we worked, our pension payouts wouldn't increase!
I watched all this happen, and saw the effect on my co-workers: both those who were laid off and those who remained. I was let go in 2005. I got a chance to come back as a contract programmer in 2008 - hourly wage, no seniority, no paid vacation, no paid holidays or sick days. That lasted about a year.
That isn't any different from what's been happening across the board as jobs are outsourced, companies are downsized and people are just thrown out into the street.
What I'm thinking of including in this proposed book is:
- Out CEO's rap sheet - what he did to other companies, and his political activities.
- Personal stories of my co-workers and how they coped.
- How layoffs and outsourcing are affecting our society.
- How does this relate to the concentration of wealth to the top 1% or 0.5%?
- What does this portend the 'Future of Work?'
- Is there any way out of this mess?
What I really want to ask is: Can this be made into a book that can be sold and marketed? Would this be something that a progressive publisher might be interested in?