PaceAcademe

This space is reserved for remarks, comments or analysis of any issue of concern to the Pace community. The Blog is NOT moderated and thus the adminstrator reserves the right to delete any posts that are deemed to be inappropriate either in tone or in contents. Discourse is encouraged as long as it remains civil and constructive. Let the games begin.

Saturday, December 02, 2006

FINANCIAL EXIGENCY

It ought to be self evident that no problem in any area of endeavour can be successfully dealt with unless and until that problem is recognized and accepted for what it is. A surgeon will not be in a position to perform an operation to remove an offending tumor, had the patient not sought medical advice about his/her ailment and agreed to be subjected to a battery of tests and examinations. It is simply this overwhelming logic that is called into play in the treatment of any and all addictions, be they illegal drugs, legal alcohol and tobacco or simply a voracious appetite for food. Once users admit that a problem exists they would proceed to seek professional help and to devise a plan with the help of their chosen providers. If they work hard to follow the suggested plan, in all its details, then the probability to regain control over their lives is enhanced significantly.

The declines in market shares at both Ford and GM has been evident for a number of years and the financial strength of their respective balance sheets has been deteriorating for a long time. Yet the inability or even the unwillingness of senior management , in both of the above cases, to admit and to recognize the severity of the challenges that is threatening the existence of the enterprises in question has complicated the rescue missions that were finally put into play. Some skeptics believe that neither Ford nor GM will be able to complete the required transformation because they have simply been too slow to respond to the challenges.

What is happening at both Ford and GM, what happens to users who fail to admit their weakness is not much different than what is needed to deal successfully with any crisis. The first step in the healing process is to stop the denial. Is there a financial crisis at Pace? Is it a financial exigency? Is there a plan to deal with it? Can the plan succeed? ....What do you think?

14 Comments:

At 6:42 AM, Anonymous Anonymous said...

crisis - a crucial stage or turning point in the course of something; "after the crisis the patient either dies or gets better"...............with the chairman and the king we die.........stop talking and vote "NO CONFIDENCE", SO WE CAN GET BETTER.

 
At 6:46 AM, Anonymous Anonymous said...

The program was highlighted at a well-attended NACUBO presentation in 2004, drawing comments such as "bold, and innovative--but risky." That assessment suits Pace President David Caputo just fine......He did it and bragged about it, he DOES NOT deserve our support. Send him packing ASAP!!!

 
At 6:49 AM, Anonymous Anonymous said...

A new broom sweeps clean


New leadership injects energy.

 
At 7:05 AM, Anonymous Anonymous said...

The US auto indusrty's demise had many contributing causes. Foreign manufactures building state of art factories in non union states; GM paying for every retirees health insurance, poorly designed cars,etc.It is true they were slow to CHANGE and that seems to be our problem.Pace situaton is the product of the abuse of power. TP it beginning to look like you are all talk and no action.

 
At 8:17 AM, Blogger Thomas Paine said...

Annonymous 7:05,
This is not about me, it is about what the PACE COMMUNITY wants to do.

 
At 8:22 AM, Anonymous Anonymous said...

STOP procrastinating...............VOTE NO CONFIDENCE ...........ASAP

 
At 8:23 AM, Anonymous Anonymous said...

THE CPA IS COMINNG............THE CPA IS COMING........THE CPA IS COMING!!!

 
At 8:26 AM, Anonymous Anonymous said...

We need each other in these difficult times and I have faith in the loyalty
and supportiveness of all Pace associates as the foundation for improvement
today and security for tomorrow. ejm 1986

 
At 8:27 AM, Anonymous Anonymous said...

Le Roi est mort. Vive le Roi!, said the CPA

 
At 8:53 AM, Anonymous Anonymous said...

Unfortunately, there is no plan. The ever-optimistic statements from the administration have again ignored their current customers in search of future improvements. Without a current intervention, the retention problem will only worsen.

 
At 8:58 AM, Anonymous BlackAdder said...

What I've seen here is much frustration with the situation at Pace and I understand that most of us want action now--which I think it's what's needed.

ALso, the disease has been identified and the sooner we have that operation the better. Yet, in the exhuberance of the moment of victory, let's not forget the conditions that led us to this mess. WHile we're hot and on the pursuit, let's take some time & effort to alter the diet of the beast, because a change of face(s) without a change of diet and exercise will eventually lead to another bloated bureaucracy, same self-engorging patterns, and an overpaid donothingness.

 
At 10:29 AM, Anonymous Anonymous said...

this incompetent administration is going to make the cutbacks as painful, as chaotic, and as bitterly divisive as possible. they have no plan, so they cut here and there, hoping their hapless victims will take their punishment quietly. i don't feel like being quiet! i have a student who walks into my classroom and asks when is the faculty going to vote no confidence? better yet, when do we alert the board of regents about this mess?

 
At 11:11 AM, Anonymous blind as a professor said...

Unfortunately, the King has reiterated that he does NOT think his administration is too big. So I can say with confidence that he will not be doing much cutting from Vice Presidents and Provosts.

 
At 7:25 PM, Anonymous Anonymous said...

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