The Dead Company Club

The Company is Gone But We Live On.

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Stay Hungry, Stay Foolish

July 15th, 2010 · Motivation, Uncategorized

Steve Jobs keynote address to Stanford University theme is to do what you love.

“Stay hungry, stay foolish.”                                           — Steve Jobs

If you’re wondering what your next job should be, or suspect/know you’ve settled for a job that’s  “good enough,” watch this video. It’s a short speech. Then tell us if you:

  1. Agree and are already following this advice
  2. Agree but have responsibilities that demand you put your calling on hold, so to speak
  3. Are too worried/anxious/repressed/traumatized to let yourself even listen to the entire message
  4. Disagree and wish to tell him where he’s wrong
  5. Think he’s a fool

Laurie Phillips writes for and about businesses. She spends too much time ricocheting around the Internet.

chilly photo courtesy of flikr.com/fhisa

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Ready to Resume Your Career?

July 8th, 2010 · Coping, Finding a job, Solutions

Help for finding a new job is here

“Help is on the way, Dear. Help is on the WAYYYYY!”                                                      — Mrs. Doubtfire

Here at The Dead Company Club, we mourn the passing of your former company, be it Land of Leather or Lehman Brothers. If you’ve rebounded and can be philosophical about the experience, that’s awesome. If you think I’m full of it for even suggesting such a state of mind is possible, read on.

Being out of work involuntarily isn’t fun, even if there are lots of others in your ‘hood mowing the grass mid-morning. So stop refreshing your inbox, click over to ILostMyJob.com and let them help. They are there to stabilize, restore and ready you to resume your career or start a new one.

ILostMyJob.com offers suggestions, directions, consultations and useful advice.  “Our mission is to do good for people who have lost their jobs, are involuntarily unemployed, and/or are taking steps to getting back to productive employment.”

Their content is a must-bookmark if you’re working on a full-time job search (Is there any other kind?).  For instance, if you’re timid about salary negotiations, you might want to read their article first before you follow our example of a job counteroffer.

Have you found other job-seeker sites that are worthy of mention?


Laurie Phillips writes for and about businesses. She specializes in all kinds of stuff.

Thanks to our fun foto provider, gruntzooki at flikr.com.

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Interview Tips for Club Members

June 17th, 2010 · Finding a job, War stories

Confessions of a recruiter and how to respond

Insiders’ Interview Tips



Going for an interview? Then “True Confessions of a Recruiter,” by Connie Thanasoulis-Cerrachio is a must-read. Connie, a former Fortune 500 recruiter, confesses how she weeds out candidates starting the first second she sees them.

No Debby Downers

As a Dead Company Club member you have unique experiences that can be booby traps in an interview.  Watch out for the invitation to complain about how your company failed, how employees got screwed and how bad your life got.  Even though you may have a strong opinion about who is to blame, hold that thought. According to Connie, “anything negative will immediately shift me to the next candidate.”

Do you know your strengths?

Rolling your eyes isn’t an answer to the question, “Tell me about your strengths.” Recruiters expect a thoughtful, serious answer, and you have something unique to offer.

Remember: you’ve been through the fire. When your company died, your assumptions and plans blew up. You had to start over, maybe reeducate, possibly relocate.  You discovered you can march through dramatic changes. You’re more aware of risks and appreciate contingency planning now. Your expectations of an employer have changed. Non-members can’t offer these strengths.

Seeing the good in your hard-won experience — and not whining — might be what wins the job.

Laurie Phillips writes for and about businesses. She is a multi-time member of The Dead Company Club.

cool photo courtesy of flikr.com/emilio_labrador

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Surprise! Companies Are Still Closing!

May 12th, 2010 · Losing a job, New members

“History is merely a list of surprises.”                 –Kurt Vonnegut Jr.

This March, The Wall Street Journal Blog, “Laid Off and Looking” ended. They had followed out-of-work professionals and their struggles to move on. Their readers, a fraternity of survivors, were bummed. “Do not shut this sucker down” was one response. “Pls do not shut this blog down. I need it.” What’s the WSJ missing?

Then a couple of weeks ago, The Vault discontinued their blog, Pink Slipped, which gave job leads and tips for Pink Slippers.  They stated:

“The economic conditions that served as the founding raison d’etre … increasingly seem to be waning.”

I tentatively agreed. The headlines didn’t blare business obituaries like last year. Sure, there are substantial companies like Goldman and Ernst & Young that are facing the big bad wolf, but collapse seems unlikely.

So I was surprised when I started updating The Memorial Garden, our list of dead companies. The number of newly closed companies is mind boggling.

Have corporate failures become second page news? If you’re among the 2010 company bankruptcies, liquidations or flat out busts, what is your story?

Laurie Phillips writes for and about businesses. She is a multi-time member of The Dead Company Club.

cool and creative photo courtesy of flikr.com/bensonkua

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Lehman Leadership Vindicated?

March 19th, 2010 · Company profiles, War stories

Lehman Brothers Dick Fuld

Lehman Brothers Dick Fuld

Former Lehman Brothers employees keep getting a pitchfork in the butt. The latest round of abuse comes from Dick Fuld, Lehman’s former CEO, in response to a bankruptcy examiner’s report released March 11, 2010.

Ex-employees were understandably pissed by the 2,200 page report. A March 13th Wall Street Journal article titled “Lehman Report Confirms Former Employees’ Suspicions” begins:

“For Ted Larkin, a Lehman Brothers technology executive when the firm collapsed, the revelations from a bankruptcy examiner Thursday reinforced his angry hypothesis: That it only took a few executives to put thousands of people out of work.

“It confirms my feelings that the majority of the firm were honest, hard-working people that suffered from the hubris of a few individuals,” said Mr. Larkin.”

Yet four days later, the New York Post reported that Fuld – The Boss – felt vindicated by the same bankruptcy examiner’s report. The article reads:

“Fuld privately believes that the report by examiner Anton Valukas provides proof that he did nothing illegal as he steered Lehman through a financial mess that ultimately led the firm to file the largest bankruptcy in US history…”

Confused? Let’s give Dick some help.

Dear Dick:

Illegal or not, you have screwed thousands of employees. You have trashed the financial world. The ripple effect has been more like a tsunami. Vindicated? PLEASE go to dictionary.com and read the definition, Dick.

Sincerely,

The Dead Company Club

Laurie Phillips is a member of The Dead Company Club. She hasn’t yet seen a company that was destroyed by excellent leadership.

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