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RESTRUCTURING AT THE NORTH POLE
The recent announcement that
Donner and Blitzen have elected to take the early reindeer retirement package
has triggered a good deal of concern about whether they will be replaced,
and about other restructuring decisions at the North Pole.
Streamlining was appropriate in view
of the reality that the North Pole no longer dominates the season's gift
distribution business. Home shopping channels and mail order catalogues
have diminished Santa's market share and he could not sit idly by and permit
further erosion of the profit picture.
The reindeer downsizing was made possible
through the purchase of a late model Japanese sled for the CEO’s annual
trip. Improved productivity from Dasher and Dancer, who summered at Harvard
Business School, is anticipated and should take up slack with no discernible
loss of service.
Reduction in reindeer will
also lessen airborne and environmental emissions for which the North Pole
has been cited and received unfavorable press.
I am pleased to announce to you that
Rudolph's role will not be disturbed.
Tradition still counts for something
at the North Pole. Management denies, in the strongest possible language,
the earlier leak that Rudolph's nose did not get that way from the cold,
but from substance abuse. Calling Rudolph "a lush who was into the sauce
and never did pull his share of the load", was an unfortunate comment made
by one of Santa's helpers and taken out of context at a time of year when
he is known to be under extreme stress.
As a further restructuring, today's
global challenges require the North Pole to continue to look for better,
more competitive steps. Effective immediately, the following economy measures
are to take place in the "Twelve Days of Christmas" division;
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The partridge will be retained, but the
pear tree never turned out to be the cash crop forecasted. It will be replaced
by a plastic hanging plant, providing considerable savings in maintenance. |
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The two turtle doves represent redundancy
that is simply not cost-effective. In addition, their romance during working
hours could not be condoned. The positions are therefore eliminated. |
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The French hens will remain intact. After
all, everybody loves the French.., or at least French food. |
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The four calling birds will be replaced
by an automated voice mail system with a call waiting option. An analysis
is underway to determine who the birds have been calling, how often and
how long they talked. |
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The five golden rings have been put on
hold by the Board of Directors. Maintaining a portfolio based on one commodity
could have negative implications for institutional investors. Diversification
into other precious metals as well as a mix of T-bills and high technology
stocks appears to be in order. |
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The six geese-a-laying constitutes a luxury
which can no longer be afforded. It has long been felt that the production
rate of one egg per goose per day is an example of the decline in productivity.
Three geese will be let go, and an upgrading in the selection procedure
by Human Resources will assure management that from now on every goose
it gets will be a good one. |
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The seven swans-a-swimming is obviously
a number chosen in better times. The function is primarily decorative.
Mechanical swans are in order. The current swans will be etrained to learn
some new strokes and therefore enhance their outplacement. |
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As you know, the eight maids-a-milking
concept has been under heavy scrutiny by the Equal Employment Opportunity
Commission. A male/female balance in the workforce is being sought. The
more militant maids consider this a dead-end job with no upward mobility.
Automation of the process may permit the maids to try a-mending, a-mentoring
or a--mulching. |
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Nine ladies dancing has always been an
odd number. This function will be phased out as these individuals grow
older and can no longer do the steps. |
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Ten Lords-a-leaping is overkill. The high
cost of Lords plus the expense of international air travel prompted the
Compensation Committee to suggest replacing this group with ten out-of-work
Congressmen. While leaping ability may be somewhat sacrificed, the savings
are significant because we expect an upcoming oversupply of unemployed
Congressmen. |
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Eleven pipers piping and twelve drummers
drumming is a sample case of the band getting too big. A substitution with
a string quartet, a cutback on new music and no uniforms will produce savings
which will drop down to the bottom line. |
We can expect a substantial reduction in
assorted people, fowl, animals and other expenses. Though incomplete, studies
indicate that stretching deliveries over twelve days is inefficient. If
we can drop ship in one day, service levels will be improved.
Regarding the lawsuit filed by the attorney's
association seeking expansion to include the legal profession ("thirteen
lawyers-a-suing"), action is pending
Lastly, it is not beyond consideration
that deeper cuts may be necessary in the future to stay competitive. Should
that happen, the Board will request management to scrutinize the Snow White
Division to determine if seven dwarves is the right number.
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