Re-engineering
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 is due to the North Pole's loss of dominance of the
season's gift distribution business. Home shopping channels and mail
order catalogues have diminished Santa's market share. 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 the Harvard
Business School, is anticipated. Reduction in reindeer will also lessen
airborne environmental emissions for which the North Pole has received
unfavorable press.
I am pleased to inform 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 got that way, not 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 executive 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" subsidiary:
• 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;
• The two turtle doves represent a redundancy that is simply not cost
effective. In addition, their romance during working hours could not be
condoned. The positions are therefore eliminated;
• The three French hens will remain intact. After all, everyone loves
the French;
• The four calling birds were 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;
• 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 appear to be in order;
• 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
personnel will assure management that from now on every goose it gets
will be a good one;
• The seven swans-a-swimming is obviously a number chosen in better
times. The function is primarily decorative. Mechanical swans are on
order. The current swans will be retrained to learn some new strokes
and therefore enhance their outplacement;
• As you know, the eight maids-a-milking concept has been under heavy
scrutiny by the EEOC. 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;
• 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;
• 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 oversupply of unemployed congressmen this year;
• Eleven pipers piping and twelve drummers drumming is a simple 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 right 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
see if seven dwarfs is the right number.