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Restructuring At The North Pole

(A Satirical look at todays corprate world)

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 was appropriate in view of the reality that the North Pole no longer dominates the season's gift distribution business. Homeshopping channels and mail order catalogues have diminished  Santa'smarket share and 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 Harvard Business School, is anticipated and should take up slack with no discernible loss of bservice. Reduction in reindeer will also
lessen airborne and environmental emissions for which the North Pole has been cited and received unfavorable press.

I am pleased to announce to 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 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 extreme 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" division:

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 redundancy that is simply not cost-effective. In addition, their romance during working hours could not be condoned. The positions are therefore eliminated.

The French hens will remain intact. After all, everybody loves the French... or at least French food.

The four calling birds will be 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.

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