A crystal visiongreenspun.com : LUSENET : TimeBomb 2000 (Y2000) : One Thread
I have a new vision for you. What if all these companies who seem so complacent about Year 2k are actually planning on going out of business? Maybe they don't care. Maybe they made their million, proved their point, and don't want to hassle with it anymore. What contract do you think you have with the local grocery store, or with your employer? I was quite surprised to find my local hardware store had closed down, which is what got me thinking along these lines. Knowing that they have no contract with you, you Pollyannas might want to consider what you would do if everyone "threw in the towel" at the same time.
Businesses are complacent, but I wouldn't assume that that reflects stupidity. They could have calculated the money they make staying in business vs the cost of various Y2k litigation, and decided that they would pull the plug before d-day.
Another question - Does a business have to notify it's shareholders before it goes out of business? What obligation does it have?
-- Amy (firstname.lastname@example.org), January 19, 1999
Yeah that's it Amy! That's the ticket! They're all going to cash out their businesses and live high on the hog in 2000!
Now I know what Paul means when he says ROTFLMAO
-- a (email@example.com), January 19, 1999.
Last summer I read on another forum that it was rumored that some Silicon Valley computer companies were planning just that -- in order to avoid liability for Y2k bugs in software, dissolve the corporation at the end of 1999, then reconstitute it as a new corporation in 2000. The new corporation would have no legal liability for warranties issued by the old one.
-- No Spam Please (firstname.lastname@example.org), January 19, 1999.
Good question. Now for an honest response.
Yes I have considered, am exploring, would accept, etc. an offer from a larger company to purchase my smaller company. Why?
I'm tired. Tired of the govt. forms, tired of taxs, tired of the complaints( why can't we have all employer paid health benefits? It's not fair!)golly I ask them to pay 1/2of their dental coverage!, tired of having to decide who keeps a job or who gets laid off, tired of writing letters to Congress to give small business people a break,etc. Do you get the picture?
I truly like what I do for a living but hate what I've had to become to be successfull. So if the bigger competitor comes along and offers me what I want for my company you bet I'll take it. The days of loyalty have come and gone sad to say. You can't build a company and be successfull if you can't count on people. Today you can't!
So I'll take the 8 figure buyout, payoff my debts, simplify my life and start over again. Would I do it again? In a heartbeat! But I've had a good lesson in business and learned a lot. So I'll just sit back for a couple of years, pretend I'm just a local yokel and watch and see what happens. Hey I might even start a Y2K recovery business!!
-- Freelancer (email@example.com), January 19, 1999.
Amy, That is a good question unfourtunalty it is not the case. I deal with these guy's every day and the truth is they do'nt really belive anything can shut them down. They have gotten so big that they think they are invincible. Just like most Americans do not believe the Govt. could collapse, but it could if they lose control. They know this, hence he lies.
-- Steve Watson (firstname.lastname@example.org), January 20, 1999.
(I can't resist, this seems a fitting place to post this)
Now the business news. It's all mergers:
Xerox and Wurlitzer: They're going to make reproductive organs.
Fairchild Electronics and Honeywell Computers: New company will be called Fairwell Honeychild
Polygram Records, Warner Brothers and Keebler: New company will be called Poly-Warner-Cracker
W. R. Grace Co., Fuller Brush Co., Mary Kay Cosmetics and Hale Business Systems: New company will be called Hale Mary Fuller Grace
3M & Goodyear: mmmGood
John Deere & Abitibi-Price: Deere Abi
Honeywell, Imasco, and Home Oil: Honey, I'm Home
Denison Mines, Alliance, and Metal Mining: Mine, All Mine
3M, JCPenney, Canadian Opera Company: 3 Penney Opera
Grey Poupon & Dockers Pants: Poupon Pants
Knott's Berry Farm & National Organization of Women: Knott NOW!
Zippo Manufacturing, Audi, Dofasco, Dakota Mining: Zip Audi Do-Da
Netscape and Yahoo are merging and opening a company in Israel. It will be called Netanyahoo
(ducks run and hides)
-- Chris (email@example.com), January 20, 1999.
Actually, Chris, I needed a good laugh after watching the SOU last night, and reading some of today's posts. Let's at least keep our sense of humor. Thanks
-- Vic (firstname.lastname@example.org), January 20, 1999.
Thanks Nurse lady. I needed the giggles.
Have a short "talk with Captain Morgan" and send me the tab.
-- sweetolebob (La) (email@example.com), January 20, 1999.