Linda: Mr. Evil, here is a letter from Jones' attorney asking you to immediately remit a check for $1.2 million dollars payable to Mr. Jones.
Evil: On what grounds? That is the most preposterous thing I have ever heard! Why I oughta strangle the little weasel. I can tell you right now he won't ever get another dime from my company.
Linda: With all due respect sir, I believe he is legally entitled to it.
Evil: O.K. Linda, I'm listening and this better be good.
Linda: It is part of the severence package invoked by his golden parachute clause sir.
Evil: Linda, I hate to tell you this, but there is no such clause in our corporate governances! I should know - I helped draft them.
Linda: Well, there were some changes made in your absence sir.
Evil: The board would never have authorized changes of this nature - I know because I hand picked almost half of them.
Linda: Well, that is another thing I was meaning to mention to you. There has been a major reshuffling of the board.
Evil: Reshuffling of the board??
Linda: Yes, three of your people were replaced.
Evil: How could they have been? An action like that would have required stock holder approval. There is absolutely no way that Jones could have exercised that kind of influence over a majority of the stockholders in my absence. How could any of them in their right mind have demonstrated any confidence at all in a low-life lame duck like Jones?
Linda: Well, sir Mr. Jones implemented a new ESOP.
Evil: ESOP? What's that?
Linda: An Employee Stock Ownership Program. The Union voted to take a very large portion of their 401K assets and purchase company stock.
Evil: Why would they do that? They don't know anything about the stock market!
Linda: Jones persuaded them to do it. He said that because of the bad press we received the stock was trading at a three year low and at just slightly more than the company's book asset value.
Evil: How do you know all of this?
Linda: I am part of the ESOP sir.
Evil: You?? What do you know about stock investments?!
Linda: Actually quite a bit now -- thanks to the town hall meetings held by Mr. Jones.
Evil: I suppose the next thing you'll tell me is that your stock has doubled in value.
Linda: Actually sir, it has quadrupled in value.
Evil: This is insane! So you're telling me that the employees now hold a stock interest in this company?
Linda: A very large and influential interest sir.
Evil: Outrageous! No one controls this company but me.
Linda: Yes, well, as I was saying· the stockholding employees voted to replace three of your board members.
Evil: Who did they replace them with?
Linda: Well, there is Harry Smith·
Evil: Harry Smith??! That man is a janitor who has never done an honest days work in his life! He is illiterate for crying out loud!
Linda: Well, he now represents the Union as a member of the Board of Directors sir.
Evil: O.K., Let me see if I have this right. Jones bumbles his way into an interim leadership position, orchestrates a massive employee stock purchase program, ousts three of my favorite board members, replaces them with his illiterate goons, and has them approve an ammendment to the corporate bylaws giving him a generous severance package in the event of a sudden dismissal? Did I miss anything?
Linda: Only that your country club membership was transferred into the name of Mr. Jones last week.
Evil: What?? I was on the waiting list for over 15 years to get that membership!
Evil: Sigh -- I can see that this is going to be a long year. This used to be such a nice place to work.
