dinsdag 13 oktober 2009

Tough times put bite on Thorntons directorship

On the Telegraph, I found an article that you can link with unit 6 and unit 7, that we have seen in class.

Liquidated damages are a compensation agreed upon the parties and set forth in the contract that must be paid by one or other in the event that the contract is breached.
In the article, there is a company called Thorntons. Thorntons is a company that makes chocolate.
They have fired the director of human resources because Thorntons’s opinion is that human resources is unnecessary to the company.
The chief executive, Peter Burdon, believes that he can do the role of director of human resources alone. He is interested in the performance of his employees and that a way of how he can cut the costs of the company.
Mr. Culverhouse is 59 years old and he is the only director on the Thorntons board to be entitled to one year's salary on termination of his contract, with none of the other directors contractually entitled to be paid liquidated damages.
But now the company, ‘Thorntons’ is now trying to cut costs, as well as reduce its reliance.

I don’t agree with the opinion of Thorntons or Peter Burdon.
The director of human resources is an important part of the company.
This role has to be done very accurate. I think that Peter Burdon has to concentrate on his role as chief executive and let someone else do the job of director of human resources.

Source: http://www.telegraph.co.uk/finance/2889633/Tough-times-put-bite-on-Thorntons-directorship.html

1 opmerking:

  1. I agree with the opinion of Jolien. Every director has his own tasks in the company. It's best that there's a director for every department. To organise a department is after all a day job. The director of the department Human Relations will probably have had a schooling that prepares him for such a job. The other director may have not. I think everyone has qualities that fits a job and they should practice these sorts of jobs.

    BeantwoordenVerwijderen