Shocked and angered as new boss sidelined him for retiring.
Posted on 2007 under Financial Mastery |6 Oct
Mr X used to work in the armed forces for 30 years and retired as a senior officer. Then he worked in a company holding a senior executive post.Eventually a new CEO came onboard and one day, suddenly the new CEO told him that his assistant will take over and that Mr X was asked to retire. Prior to the new CEO, the previous one liked his work.
It was a huge shock for Mr X, who is passed his sixties. What angered him was the fact that his feelings were not taken into account in the process.
Actually Mr X don’t really need the money.His two children are married and he has a pension from the armed forces. Mr X wanted to continue working because it keeps him healthy, fit and active.
As you read the story, what lessons can you gather?
For me, the story resonates well on the part where I would want to work as long as I can as it keeps my mind active, even when I am financially independent.
Another lesson that I learned is that as employees, it is good to have alternatives or second income as contingency or running concurrent as we never know when we will get the boot. No matter how stable or how high your salary, it is best to have backup plans.I know because I was laid-off before. And I lay-off employees before too. Both are unpleasant experiences.
So in case you miss my earlier “can you become a millionaire” article, do take a peep at it.
The message that I am trying to suggest there is that it it best to have a second source, especially if you are an employee.
And to consider some form of onlinebusiness as an option simply for the reason of us being physically weaker as we gets older and older while our mind is yet active.
So what happened to the CEO who had asked MrX to retire? He was asked to step down and left the company before he reach 60.
( Source of story: The Straits Times, dated 6 Oct 2007)
by Liara Covert, on October 9 2007 @ 10:03 am
I like this story. However, I was somewhat surprised at the result. I have mixed feelings about the concept of forced retirement. I sense how senior people have the desire to continue doing things to stimulate their minds. At the same time, I also understand the point of view of ‘up-and-comings’ who wish to get jobs, promotions and gain new kinds of experience. Younger people also have debts to pay and vision to contribute to an evolution of a company that shouldn’t be disregarded.
Granted, cases of youthful ambition and over-zealousness exist. But, perhaps we might think its selfish for an older person not to step down and make room for younger people? Could senior people not contribute as consultants, lectuers, public speakers and advisors in other capacities when earning the same money isn’t necessary? When is enough, enough? Ask yourself if the reluctance to change isn’t also possibly a question of complacency, or a fear to step outside a comfort zone? I think a happy medium would favor compromise.
by ubabotqdov, on May 19 2008 @ 10:38 pm
male painful orgasm