FINANCIALjobs.com presents:
FINANCIAL GAME
By Dennis Geselowitz
July 5, 2000 ARTICLE:
10 Subtle
Signals That You May Have Accepted The Wrong Job
- You learn that your company doesn't give any loans at less than 2,400% interest.
- The company asks you to write off a fortune in bad debts when they have no records of
the debt, or of the income from the transaction.
- You tell the President you have discovered $100,000 in embezzlement, and he stares at
you patiently, waiting for you to get to the point.
- You have to spend 95% of your time giving the senior management advice that will keep
them out of jail - and they're only taking about half of the advice.
- The balance sheet shows that the company is insolvent, with no equity and a gigantic
loan payable to the president.
- Cash drawers never balance at the end of the day, and management thinks that the
employees just have trouble adding numbers and giving the correct change.
- The tax returns are made up of numbers that were in turn made up.
- They'd love to license their operations, but getting it would require them to divulge
how they had done business in the past, and you can't plead the Fifth Amendment on a
license application.
- They believe that lawyers are a waste of money unless you've already been indicted.
- Senior management calls you "Consigliore."
Dennis Geselowitz, presently a CFO, got an MBA from USC,
took one year of law school during his MBA program, passed the bar exam on his first try
with just that one year of law school, and not surprisingly obtained his JD from USC.
Write him with questions, comments, or anecdotes from your own
Financial Game: geselowitz@fjadnet.com
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