Comments on: (..whoar..!..)..”Yellow Pages in $338m loss”.. (that’s nearly a mill a day..every day..for the last year..!..) http://whoar.co.nz/2009/whoaryellow-pages-in-338m-loss-thats-nearly-a-mill-a-dayevery-dayfor-the-last-year/ news / information / opinion / debate / humour Mon, 14 May 2012 23:15:38 +0000 hourly 1 http://wordpress.org/?v=3.1 By: idlebumski http://whoar.co.nz/2009/whoaryellow-pages-in-338m-loss-thats-nearly-a-mill-a-dayevery-dayfor-the-last-year/comment-page-1/#comment-364143 idlebumski Sun, 14 Mar 2010 01:40:38 +0000 http://whoar.co.nz/2009/whoaryellow-pages-in-338m-loss-thats-nearly-a-mill-a-dayevery-dayfor-the-last-year/#comment-364143 Well, what do you know? A mere three days later, this article appears on front page of biz section, NZ Sunday Star Times, confirming sorry state of affairs at Yellow NZ; http://www.stuff.co.nz/business/3446768/Yellow-Pages-feels-heat-as-debts-mount It would be my guess that this has been timed to 'ready' the NZ public for what is going to happen "eventually" as CEO Cotterill puts it, and/or before they have to publish their 2010 financial reports. From my perspective as having been an insider, it certainly looks like middle management of this company made some totally 'daffy' decisions, and may ultimately be responsible for NZ's most spectacular corporate bankruptcy. I sure wouldn't want it on my CV any more than say having been a top sales manager at the now radio-active Hannover Finance... Well, what do you know? A mere three days later, this article appears on front page of biz section, NZ Sunday Star Times, confirming sorry state of affairs at Yellow NZ; http://www.stuff.co.nz/business/3446768/Yellow-Pages-feels-heat-as-debts-mount
It would be my guess that this has been timed to ‘ready’ the NZ public for what is going to happen “eventually” as CEO Cotterill puts it, and/or before they have to publish their 2010 financial reports. From my perspective as having been an insider, it certainly looks like middle management of this company made some totally ‘daffy’ decisions, and may ultimately be responsible for NZ’s most spectacular corporate bankruptcy. I sure wouldn’t want it on my CV any more than say having been a top sales manager at the now radio-active Hannover Finance…

]]> By: admin http://whoar.co.nz/2009/whoaryellow-pages-in-338m-loss-thats-nearly-a-mill-a-dayevery-dayfor-the-last-year/comment-page-1/#comment-364142 admin Thu, 11 Mar 2010 16:41:25 +0000 http://whoar.co.nz/2009/whoaryellow-pages-in-338m-loss-thats-nearly-a-mill-a-dayevery-dayfor-the-last-year/#comment-364142 the print version of the yellow pages is acquiring all the relevance of ';the farriers-monthly-almanac'.. phil.. the print version of the yellow pages is acquiring all the relevance of ‘;the farriers-monthly-almanac’..

phil..

]]> By: idlebumski http://whoar.co.nz/2009/whoaryellow-pages-in-338m-loss-thats-nearly-a-mill-a-dayevery-dayfor-the-last-year/comment-page-1/#comment-364141 idlebumski Thu, 11 Mar 2010 04:11:36 +0000 http://whoar.co.nz/2009/whoaryellow-pages-in-338m-loss-thats-nearly-a-mill-a-dayevery-dayfor-the-last-year/#comment-364141 The Yellow Pages were born of an era when one of the only ways to publish info was to advertise in their directories. I worked there 2008-09 to help with the online endeavors and while I have nothing but respect for CEO Mr Cotterill, who was brought in late to try and save this company, it became obvious early on that some of their middle managers are complete idiots. In the end, after winning many sales awards, I was unceremoniously fired for daring to suggest old methods where not good enough while in such a hole. So to read now they are destroying capital at rate of approx a milion dollars/day brings some vindication. Firing or losing the productive winner personalities in the long run can only reduce their chance of survival and increase inertia of the death spiral they would seem now to be in. Also, it does not help that we are now in an are where any business can publish what they want through the internet... I doubt very much we have heard the last of this. The Yellow Pages were born of an era when one of the only ways to publish info was to advertise in their directories. I worked there 2008-09 to help with the online endeavors and while I have nothing but respect for CEO Mr Cotterill, who was brought in late to try and save this company, it became obvious early on that some of their middle managers are complete idiots. In the end, after winning many sales awards, I was unceremoniously fired for daring to suggest old methods where not good enough while in such a hole. So to read now they are destroying capital at rate of approx a milion dollars/day brings some vindication. Firing or losing the productive winner personalities in the long run can only reduce their chance of survival and increase inertia of the death spiral they would seem now to be in. Also, it does not help that we are now in an are where any business can publish what they want through the internet… I doubt very much we have heard the last of this.

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