When newspapers revealed that Capgemeni COO Pierre Danon had interviewed for the role of Chief Executive at Accor Hotels, Mr Danon probably felt angry about the leak and mildly embarrassed. Imagine his shock when Capgemeni promptly fired him.
I've been pondering whether Accor's reaction was reasonable or a childish temper tantrum. The market certainly wasn't impressed: Accor's shares dropped 2% on the news.
Mr Danon was hired less than a year ago, so Capgemeni's fury was perhaps understandable. But surely naive as well? Time and time again the "big end of town" has made it clear that employees are disposable assets. We no longer expect loyalty from a corporate employer, so surely they can't demand loyalty in return.
Let's face it, most ambitious senior executives are constantly on the lookout for the next opportunity. It would be a rare individual who refused the dream promotion out of corporate loyalty.
Interesting post
Posted by: sms | September 05, 2008 at 01:24 AM