No good deed goes unpunished, it is said. Sometimes neither
does a bad deed.
This is another story about my corporate days, when I was
the controller, etc. The corporation was Maytag, and way down at my end, the
subsidiary was the company that manufactured bill accepting machines found
round the world, dispensing everything from soft drinks to laundromat soap. We
called them dollar bill acceptors, but they recognized close to a hundred
different currencies.
The company was not too old when I was hired, nor too big,
and manufactured those little bill recognition systems for vending machines everywhere;
soft drinks are ubiquitous. About the time we were acquired the first time, by
a vending machine company, our marketing team had the product pretty heavily
into gaming machines and fuel dispensing, too.
Remember Pac-Man and other such games of skill in
restaurants and bars? Our Japanese distributor was the manufacturer. All this
work predated credit card recognition systems, for gasoline, for instance. The
units were commonly used in Europe for gasoline. They could not be used in this
country because unattended stations were illegal in most states. The days of
self service had begun, but we went into the station and said “Ten dollars on
pump two.” Remember?
My last ten years were a whirlwind of acquisitions and
divestitures. I outlasted three division presidents, but not the fourth. His
fall occurred after I was gone, but friends filled me in. My little company
of fewer than one hundred people was acquired by a soft drink manufacturing
company that also was a division of Magic Chef. It made sense for them to own
the company that supplied their dollar bill acceptors. And so life went on for
several years.
Then Magic Chef was acquired by Maytag. Why? Maytag wanted
to build refrigerators, but didn’t want to start from scratch. “Let’s buy a
company that builds refrigerators!” Magic Chef manufactured Admiral, and hey
presto, the deal was done. Sadly, it was the beginning of the end for Magic
Chef, as all its subsidiaries were spun off, and then Magic Chef itself. No
more stoves.
Back at my plant, life was not going on so well. Maytag was
not interested in my company’s note recognition machines, but in its pc board
ability, and especially the very automated and skilled production lines we had
built. Maytag products were transitioning from analog to digital, running on printed
circuit boards. The once friendly factory floor became quiet and tense, wary of
the “new bosses.”
Lots of changes were occurring in the office, too. Old faces
gone, new faces appearing. New lines of command. One day I no longer reported
to my boss, but to a division president. The one who outlasted me. I recall
walking into the usual Monday staff meeting and being greeted by a roar of
“Traitor!” as a joke.
It came off totally wrong; I turned on my heel, went to the
ladies room, sat in a closed stall and tried to think it through. Eventually
everyone came in and pounded on my door to come out, they were sorry. Someone
crawled under the stall door and opened it; we all had a good laugh. Probably
the last one we had together, ten men and women crowded into the tiny ladies
room.
We were becoming so unhappy with the sinister transformation
of the happy little company everyone one of us in the “front offices” were
getting fat; our desk drawers were stuffed with candy bars. Everyone was
outgrowing suits and falling back on slacks and shirts. I've written about
wheeling around a corner, shirt tails flying, and walking smack into the head
of HR, straight from Newton, Ioway, Maytag’s headquarters. Did you know why that
beagle in the Maytag commercials was named Newton?
HR looked me up then down, and the next morning there was a
dress code directive from Newton. I felt awful about that; the women in my
department didn't make a lot and supported families, and now were being told
they must wear skirts, blouses, jackets, stockings and appropriate shoes to
work. That was the bad deed that did not go unpunished, but not until two or
three years later, when I was long gone.
Maytag was acquiring Hoover as I was leaving. Hoover
employed hundreds and hundreds in a town near me. All gone now. Did Maytag want
to add vacuums to its line? Of course not. They wanted Hoover’s European
distribution system, which was sizable and stable. And that HR fellow who
caused the dress code became president of Maytag International, headquartered
in England. He took with him a sizable chunk of Maytag that had made our lives
unpleasant, I heard. I was gone by then.
A couple of years on the new president in England decided to
boost weak sales of Hoovers in Britain and on the continent. He had a brilliant
idea. He would give away an airline voucher with the purchase of every Hoover.
The scheme progressed beautifully for the better part of a
year; his division’s sales led every other Maytag division sales. Until toward
year end, when folks with vouchers began cashing them in, intent on holiday
travel. Sitting at my own kitchen table
one morning, two or three years into my weaving career, I spit coffee all over
the business section of the morning paper.
There were not enough airplanes,
there were not enough airplane hours, pilots, staff, airports to accommodate
all those vouchers. A lot of unhappy people, including Maytag, which had to buy
back the vouchers to keep them off the market.
It seems people all over Britain and Europe had Hoovers in
attics, Hoovers in basements, Hoovers in closets and dark corners. The value of
the vouchers far exceed the cost of a new Hoover. The whole contingent who
dreamed up the scheme, led by my HR nemesis, was fired.
I wonder who the mergers and acquisitions do benefit. My
little note acceptor company had grown to four hundred employees when I left,
well over three hundred of them on the factory floor, making pc boards.
Eventually Maytag outsourced the manufacture overseas and sold what remained of
the little company to our chief competitor, Mars. The candy bar company,
privately held.
One day the new bosses walked into the plant, ordered all
lockers and desks emptied, everyone was fired. Good deeds and bad deeds don’t
amount to much then. Maytag overextended itself and was swallowed up by
Whirlpool. I felt worst for all who lost their jobs. My little company, as well as Newton, Iowa.
Probably a bag of candy on the desk.
Probably the very shirt I wore the day I crashed into the future president of Maytag, International.