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Interesting and Unusual Facts Archive

Feb 16, 2009 - 25 Years Later CEO's Can Still Be Held Responsible For Bad Decisions
Jan 30, 2009 - History of the First Attempted Assasination of a U.S. President.

FEB 16, 2009 - 25 Years later CEO's can still be held responsible for bad decisions.

25 years ago....

25 Years ago the economy was just coming out of recession, the population of the U.S.was 236 Million, average Life Expectancy was 75 years. The Dow Jones topped 1250, The national debt was 1.5 trillion dollars, the consumer price index was 103.9 and unemployment was 9.6%. The median household income was about 22 Thousand Dollars a year.
Gasoline was 1.21/Gal. Milk $2.26/Gal Eggs 1.01/Doz. and Stamps were 20 cents.

25 Years Later....

The economy is in recession and has been there a while. the population is 305 Million, life expectancy is 75.5 years. The Dow Jones is over 8000. The national debt is over 10.6 trillion, the Consumer Price Index is 215.3. The Unemployment Rate 8%. The Median household income is about 50K / yr. 2008 Figures say Gas was 3.84/Gal, Milk 4.31/Gal, Eggs 3.00 / Dozen and Stamps were 42 cents.

One thing is still the same CEO's and Corporate Managers are still looking for ways to cut expenses and make thier companies more profitable. In the economy of today lay-offs are the first method many companies are using to cut expenses. Middle Management, Quality, Safety, Technical and Maintenance personnel are usually the first to go with production personel next in line.
CEO's and managers would be wise to take a lesson from the blight of Warren Anderson, former CEO of Union Carbide Corporation. Warren cut costs by laying off safety, quality and technical personel and scailing back significantly on line managers and maintenance personel. Anyone he felt would not directly effect production. The result was a safety accident in the Union Carbide Plant in Bhopal India. 20,000+ people were killed and upto 500,000 more were injured. Union Carbide Corp. was sold to Dow Chemical and Warren Anderson former CEO is now a fugitive from justice. Warrants for his arrest on charges of "negligent homicide" related to the incident are outstanding with Interpol.

CEO's and Managers beware - reducing staff to make ends meet might be neccesary but in Warren's case as in many others reducing staff to unsafe levels where proper maintenance becomes impossible, safety issues go ignored and technical requirements go unmet can have deadly consequences and can land corporate managers and CEO's in jail.

**************** Update Feb 12, 2009 11:00 AM Central ****************

In Another case of nothing matters but the money......Check out todays MSNBC Story of Stewart Parnell, Owner of Peanut Corp. of America who is now said to be responsible for 9 deaths and 600 plus instances of illness. Mr. Parnell after having been notified that his products tested positive for samonilla is quoted in emails released today telling his employees to "ship it" and explaining that the company needs to "turn the raw peanuts on the floor into money."

Criminal Charges of Negligent homicide are likely to follow in the near future.

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Jan 30, 2009 - First Attempted Assasination of a US President -The first assassination attempt on a US President in American history unfolded on Jan 30, 1835, when Richard Lawrence attempted to murder President Andrew Jackson as the president was leaving a funeral at the Capitol Building. Lawrence's gun misfired, and an angry Jackson retaliated by beating his would-be assassin repeatedly with his walking stick. Lawrence had a second pistol, but the second attempt also misfired. After the harrowing incident was over, Lawrence was committed to a mental institution for the rest of his life. The odds of two guns misfiring consecutively were 125,000 to 1.