Corporate AmericaJ.P. Morgan -- Nearing climax ....February 17, 2002by Uriel Wittenberg (uw@urielw.com)
Writes a list member: "You lost me a few posts ago. I lost track of all those abbreviations and what was going on in the story. Also what does it have to do with China?" It would perhaps not be amiss to mention at this point in passing that if you buy the print edition, a glossary is included at no additional cost, as well as a succinct exposition of the China connection.
Put yourself in the shoes of the BCL team people. If a document criticizing your work in such terms were sent to you, c.c. your direct client (Morgan VP Becker) as well as other managers, how would you respond? Say my criticisms were loony. Would you not be inclined to draw attention to the fact? To in some way rebut the specific criticisms? Especially if you'd previously been so vociferous in demanding that I justify my statements? (In an email typical of the stream of adjurations raining upon me when the issue had first flared the previous November, Bill Green had written: "I'd love to know WHY you do not recommend BCL and/or PFC. So would a few other folks who have read your [forum posts]. And, at this point, I'm willing to take it further that you are attaching a negative connotation to the libraries at JP Morgan, and I feel are not acting in a manner supportive of the JP Morgan technology.") In fact, this was the response I now received, upon sending the BCL team the specific criticisms they'd hungered for for so long:
From: William Green It would be more convenient, in other words, to respond to the criticisms after my departure from Morgan, a couple of weeks hence. And that, apparently, was OK with Morgan VP Becker. In one of his public harangues the previous November, Bill had written:
23 projects are using the BCL or EBPFC and the commentary on it's usage has most certainly not indicated increased time and effort. I want to be very clear as to why you recommend against a Bank Strategy (Reuse and the Use of Libraries is a Bank Strategy). It was a successful product. It helped developers. But they didn't have any time to spare now -- nor anytime in the next two weeks, as it turned out -- to reconcile that position with my explanation of how the product caused "a very substantial drag on development, grossly increasing the complexity and tediousness of programming any system." This reminds me of a recent New York Times editorial about Enron executive Sherron Watkins' testimony before a congressional investigating committee:
When asked to describe her reaction to former Enron C.E.O. Jeffrey Skilling's testimony, during which he professed no knowledge of accounting improprieties during his watch, Ms. Watkins aptly quoted advice Mr. Skilling had once shared with employees in a newsletter: "If it doesn't make any sense, don't believe it." Chewing on Bill Green's response, I thought: Something very cynical and corrupt is going on here. It would be necessary to express myself. Somehow; somewhere; somewhen. There is a principle to be understood here. If you encounter fairly widespread malpractice in any kind of organization and are interested in doing something not guaranteed to be totally irrelevant, it is really a little bit too innocent to discreetly convey your concerns to some leader within the organization. Don't you think he already knows? Guilty leaders love it when underlings go through "proper channels" like this. A news report says of the sweet Ms. Watkins:
Widely known as the author of an Aug. 15 memo to former Enron chairman Kenneth L. Lay warning that Enron would "implode in a wave of accounting scandals," she told the committee she believed Mr. Lay "did not understand the gravity of the situation the company was in." Even after she explained to him in detail the company's questionable accounting practices and huge hidden losses, she said, Mr. Lay still "didn't get it." The same editorial quoted above is less tender:
Ms. Watkins's testimony provided some solace to Mr. Lay, who two days earlier invoked his Fifth Amendment right to remain silent at a Senate hearing after a volley of critical statements by committee members comparing him to Charles Ponzi and a carnival barker. Home > Master Index > Corporate America Index > Next |