Saturday, August 1, 2009

Is your pride worth a couple of million?



I get to the office a couple of days ago and was informed that the internet service was down… much like everything else, there always seems to be a parallel occurrence in my house and this office. I’ve been having some bad connections with my DSL and apparently, changing the modem did not help. Here at the office is a more flabbergasting story.

Apparently the President of the company that runs our internet service simply ran away leaving his six employees unattended and at the mercy of their clients. What was apparently a profitable business was heavily mismanaged and is now in debt amounting to Php1.6M.

It really puzzles me as to how a person doing well in business could bungle up something like this. After his employees had an audience with me yesterday, the guy allegedly withdrew what was left in their account, which was about half a million pesos and fled to Korea leaving them with the business by signing over his share to his supervisor. But what do you do with a business that is already in debt?

But that seems to be the trend nowadays, a lot of Koreans who were making good in this country over the last decade are steadily opting to go back home because the market is no longer theirs to control in the first place. But the behavior remains unacceptable. Closing a business is an option, but make sure that it is done properly and with the utmost amount of concern and sensitivity to the people who has worked alongside you all this time.

And that’s the reason I haven’t had the chance to blog lately. Since opening up the bar at the MFC, I’d go home in the early morning and wake up noon time or past that, then back to the office. Today, the internet service is back after one of the Korean owners who knew nothing about the problem reported in to me yesterday night that everything would be back to normal within the day. Hope everything turns out well…

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Almost a year :)