Opinion

Learning From Departing Workers: Firing Line

 

Recently, a 27-year veteran of IBM(IBM) left his job as vice president of corporate development to become senior vice president of strategy at Dell(DELL). IBM didn't like this and contended that the two positions were too similar. A court concluded, however, that the executive could keep his post at Dell because his skill set would erode if he were "enjoined from working in the industry, as would his relationships with a large personal network of investment bankers, consulting groups, and chief information officers."

Before that case, another high-level IBM executive left to go to Apple(AAPL). IBM sued but ultimately relented and came to an agreement. Apparently, all the former IBM executive had to do was agree not to divulge IBM trade secrets.

Such efforts on the part of corporations appear malicious and mean-spirited. In the U.S., people have a right to work and provide for their families.

Firing line: Employees don't wear ankle bracelets that explode when they decide to leave a firm. Businesses should strive to understand why good employees leave. Then they should salute them and thank them for their hard work, just like our military does. For both employees and employers, it's always best to end on a high note and finish with finesse.

  • Loading Comments...
  •  

SHARE:

  • email
  • print
  • comment
  • digg
  • delicious
  • buzz
Matthew "Whiz" Buckley is the chief strategy officer of Options University, a provider of options education for options traders of all levels. He is also the managing partner of Check6 LLC, a business-consulting firm specializing in leadership development, risk management and strategic planning for Fortune 500 companies and related organizations. Buckley flew the F-18 Hornet for the U.S. Navy. He's a graduate of TOPGUN, has close to 400 carrier landings and flew 44 combat sorties over Iraq. After leaving active duty, he worked as managing director of strategy at a Wall Street firm and CEO of a financial media company. He is an internationally recognized speaker and combined his experiences in the military and corporate America in his book "From Sea Level to C Level." Matthew "Whiz" Buckley is the chief strategy officer of Options University, a provider of options education for options traders of all levels. He is also the managing partner of Check6 LLC, a business-consulting firm specializing in leadership development, risk management and strategic planning for Fortune 500 companies and related organizations. Buckley flew the F-18 Hornet for the U.S. Navy. He's a graduate of TOPGUN, has close to 400 carrier landings and flew 44 combat sorties over Iraq. After leaving active duty, he worked as managing director of strategy at a Wall Street firm and CEO of a financial media company. He is an internationally recognized speaker and combined his experiences in the military and corporate America in his book "From Sea Level to C Level."

Recent Comments





Connect with TheStreet

Dow Jones S&P 500 NASDAQ 10-Year Note
10,779.17 1,165.82 2,391.28 36.72
Oil *
81.41
UP
45.50
DOWN
0.39
UP
2.19
UP
0.30
10 Yr
3.67%
SPDR Gold
110.34
+0.42%
-0.03%
+0.09%
+0.82%
Data delayed 20 minutes

More From TheStreet

Latest Headlines
  • Top Rated Stocks from TheStreet Ratings
  • Find returns with the Dividend Calendar

Brokerage Partners

TheStreet Premium Services

All Services