So its happened more then often through my career that despite having signed the contracts to maintain all business confidentiality terms , managers seem to take it lightly with their spouses and will discuss projects with them to some degree. This is considered low integrity on the part of the individuals and gets discouraged.
Do you discuss office projects with your spouse? or close friends?
Re: Confidentiality at work ..
Discussing confidential information is a strict no no. Doesn't matter who is the party.
Re: Confidentiality at work ..
At my work they have all the employees go through a lot of mandatory HR trainings including confidentiality related stuff.
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Friends are for partying not to discuss work related stuff with..
ok no, just kidding..
well totally depends, i'm a techy so with friends from same field i certainly share this stuff but a lot of them are not techy so ofcourse its always different subject
Re: Confidentiality at work ..
yeah this is a very serious issue..i am in M&A segment where confidentiality is everything especially for public deals ..... and the biggest risk is what if someone talks to his/her spouse/partner about the deal despite reminding them gazillion times about disastrous potential consequences.....plus live deals are highly stressful with compressed timelines coupled with long hours thus causing a probability that someone may end up talking to his partner to get some relief
Re: Confidentiality at work ..
yeah this is a very serious issue..i am in M&A segment where confidentiality is everything especially for public deals ..... and the biggest risk is what if someone talks to his/her spouse/partner about the deal despite reminding them gazillion times about disastrous potential consequences.....plus live deals are highly stressful with compressed timelines coupled with long hours thus causing a probability that someone may end up talking to his partner to get some relief
Why do you guys merge and acquire so often. Always ending up overpaying. And then spin off the merged part. What's up with that? Is it just empire building to boost ceo ego and pay?
Do you at least discuss such issues with apa?
Re: Confidentiality at work ..
Why do you guys merge and acquire so often. Always ending up overpaying. And then spin off the merged part. What's up with that? Is it just empire building to boost ceo ego and pay?
Do you at least discuss such issues with apa?
uncle jee...organic growth takes so much time especially if you want to grown in a new segment. i mean if you are a big conglomerate with no position in O&G segment and wants to have a $10B+ oil & gas portfolio say in 6 years what other option do you have except doing 3-4 big acqusitions
do we pay too much? probably yes but who would sell a good business for less than 20-30% premium on LTM stock price? all depends upon rev and cost synergies that you project to offset the premium that you are paying...and yes rev synergies are most probably bul**** and realistically speakings all you can get are cost synergies
i dont think it is all about empire building or CEO's ego....the fact of the matter is that big conglomerates run their businesses like a portfolio where you divest bunch of businesses that do not fit into the long term strategy and replace them with new ones...you have so much pressure from the wall street to show growth both in top line and bottom line that you have no choice but to keep streamlining and diversifying your portfolio...get rid of low profit, slow growth businesses and replenish the portfolio with fast growing high margin businesses...good strategic targets are limited so you gotta pay high premium.
do you know how much of a stress it is for a CEO to do a big acquisition? if he messes up the integration, he will most likely be fired..recently GE bought alstom and i am sure you saw that their CEO jeff Immelt was negotiating directly with the French president and it was all over the press....must be nerve wrecking and less of ego boost!!!
Re: Confidentiality at work ..
I don't know much about working in companies etc but in medical settings like Hospitals, confidentiality and HIPAA is taken very seriously. I have seen lots of people who got fired coz they posted a selfie on fb while working or wrote a caption that compromised regulations somehow.
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Thanks PD.
Just one point where I am still befuddled - why should CEOs let wall street pressure them. Wall Street wanting top line and bottom line growth for example. Why do ceos pander to wall street. Buffett wouldn't do that, would he?
If the acquisition or divestment makes sense for the company, I get that. But it seems like wall street is getting too much respect?
Re: Confidentiality at work ..
Thanks PD.
Just one point where I am still befuddled - why should CEOs let wall street pressure them. Wall Street wanting top line and bottom line growth for example. Why do ceos pander to wall street. Buffett wouldn't do that, would he?
If the acquisition or divestment makes sense for the company, I get that. But it seems like wall street is getting too much respect?
oh yes Buffet would do that!
uncle jee, we always like to blame the wall street but the fact of the matter is we the shareholders in those public companies are equally responsible...i mean when i buy siemens shares, what do i want? i only want one thing, siemens share price to double in no time. right? and if siemens CEO is not transforming the portfolio enough and siemens top line and bottom line are not improving, I will start selling its shares and its share price will start tanking...and if it continues to happen siemens CEO will lose its job!
yes it is a simplistic explanation of a very complicated financial system but at end of the day, it is very true...why do we always ignore our greed the shareholders greed?
and now we have activist investors all over the place...who will come and buy 10% of shares, become one of the biggest shareholder oevrnightr and then push CEOs to implement their agenda.....dont get wrong..they do add some value as well but do you see my point?
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As a shareholder I want the company to allocate its resources to optimize long term prospects, and not juice up short term gains. I would sell the stock only if it is overvalued significantly or it does not have good long term prospects.
The "activist" shareholders are scum. Most of them simply want companies to keep cutting costs and buying back shares. Why any company would buy back shares that are overvalued remains a mystery.
Activism is typically associated with altruistic behavior. Environmental activism for example. Or activism against unnecessary wars. These "activists" just want to line up their pockets. That name needs to change. Unless in wall street parlance activism means being selfish and counter productive in the long run.
I don't talk about my solutions in development stages, and clients.. to others in the company who are not directly involved with the solution or the clients, let alone ppl outside. It is the nature of my work. It may vary by role, industry and country