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Pink Slips and Parting Gifts [Kindle Edition]

Deb Hosey White , David Stewart White

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Product Description

Product Description

Welcome to Corporate America. You're Fired. Have a Nice Day.
(Larry Underwood, Amazon reviewer)

By the time Easton Company CEO Jeffrey Elkins entices a major competitor to buy his Fortune 500 company, the corporate jet is waiting and his parachute is platinum.

In thirteen weeks the deal of a lifetime transforms a handful of quirky executives into undeserving multimillionaires, propels a workforce into unemployment and dispatches unsuspecting retirees into poverty. In the background, security guards dance naked in mall fountains, the corporate jet is sold on eBay, and a CEO utters his final words before relinquishing his title: Make sure the employees get their pumpkin pies.

The memorable cast of corporate characters includes a germophobic CEO, a marketing VP turned Elvis impersonator, the Sundance Kid of Everyman Compensation, and a purchasing director nicknamed the eBay Wizard.

An estimated one in five corporate employees has experienced a merger or acquisition. Pink Slips and Parting Gifts is their story - the one every corporate cubicle jockey, business-class road warrior and mid-level manager will want to read.

About the Author

Deb Hosey White is an executive management consultant with more than thirty years experience working for Fortune 1000 companies. In addition to "Pink Slips and Parting Gifts," Deb is the co-author of "Beyond Downton Abbey" - a guide to 25 great houses in Britain, and "Let's Take the Kids to London" - a family travel guidebook. Both books are written with David Stewart White.

Product Details

  • Format: Kindle Edition
  • File Size: 425 KB
  • Print Length: 249 pages
  • Page Numbers Source ISBN: 0982917929
  • Publisher: White & Associates; 2 edition (Aug. 10 2010)
  • Sold by: Amazon Digital Services, Inc.
  • Language: English
  • ASIN: B003Z9K9SQ
  • Text-to-Speech: Enabled
  • X-Ray:
  • Word Wise: Not Enabled
  • Amazon Bestsellers Rank: #743,875 Paid in Kindle Store (See Top 100 Paid in Kindle Store)
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Customer Reviews

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Most Helpful Customer Reviews on (beta) 4.3 out of 5 stars  38 reviews
24 of 24 people found the following review helpful
5.0 out of 5 stars A Great Read! Aug. 28 2009
By S. Jaffe - Published on
This book takes you on insider's journey through the life cycle of a company. The vital and pace-setting company that grew to be a leader in its industry and fell victim to the 21st century corporate merger where a few get rich and everyone else is irrelevant. Especially when the acquiring company has an entirely different perspective from the original company on the value and treatment of employees.

From the first chapter, I was riveted! This book is a great read! I felt like I was there as the story unfolded and I was relieved that I wasn't. It gives the reader a fly-on-the-wall view inside the board rooms and hotel rooms where deals are brokered. Anyone who works in an office will recognize co-workers, supervisors and executives in this story of corporate greed and today's workplace where employee loyalty has no inherent value.
15 of 15 people found the following review helpful
5.0 out of 5 stars Thoroughly enjoyable, funny, and very human Aug. 23 2009
By Rod Wright - Published on
Format:Paperback|Verified Purchase
If you've ever been the victim of a "Merger and Acquisition," your story is finally being told. You need to read Pink Slips and Parting Gifts by Deb Hosey White.

I worked with the author at a real estate development company in the Baltimore/Washington area that was acquired. It was the second of three companies for which I have worked that were acquired, and also the second company from which I had thought I would retire. How silly of me. I left this particular company soon after the acquisition was announced.

Through a series of vignettes, Ms White tells an incredible story from the perspective of those affected by the acquisition and not so much about how clever everyone was making the deal. These are two of the things that sets this fictional story of the acquisition of The Easton Company by Pratt-Miles apart from others written around the M&A topic.

Normally I am a slow reader, but I must say this book sucked me in, partly because the subject matter was personal.

This is the story of a corporation (The Easton Company) that has accomplished great things on a community level, from an employee standpoint, and oh yeah, they made an excellent profit too. The company's employee's had given their all for it. But, in the end it is basically stomped on and thrown in the trash by its acquirer (Pratt-Miles).

I particularly enjoyed the sections of the book that told the stories behind the people, like the guy who had left a good job with a Fortune 500 company to work for Easton only to have Easton sold 6 months later. The author captures characters very well. You'll recognize these people as ones you've either had the pleasure or displeasure to call co-workers.

There were several areas of the book that brought immediate laughter, like the part in the beginning where the author questions how the CEO tells the founder's widow that he's selling the company, and much later the part about the disposition of the former CEO's beloved, private, corporate jet.

As I said, I found Pink Slips and Parting Gifts thoroughly enjoyable, funny (sometimes laughing out loud), and very human. The author has a true talent for telling stories. Thank you Ms White for writing a wonderful book. Please let us know when you complete the next one. And I'm definitely in line for opening night at the movies! ;-)
10 of 10 people found the following review helpful
5.0 out of 5 stars Insight into the "new" corporate culture Sept. 7 2009
By Marion B. Hosey - Published on
Deb White offers a look at a corporate culture that values executive "me firsters" over (1) the company; (2) the community; and (3) the employees. Mergers are about platinum parachutes and executive enrichment. Who cares if a going concern employing thousands is destroyed? Who cares if loyal employees and retirees lose out? Who cares if the corporations community base experiences secondary job losses? This often witty, often poignant account is well worth reading. I'm still wondering about the final fate of the yellow leather sofa.
6 of 7 people found the following review helpful
5.0 out of 5 stars It Was a Monopoly Game Run Amok Oct. 3 2011
By Ron Standerfer - Published on
"Pink Slips and Parting Gifts" by Deb Hosey White is a work of fiction. It says so on both the front and back cover of the book. But if it is a work of fiction, why does the story seem so familiar? Perhaps it is because there is no dearth of stories about mergers, acquisitions and bankruptcies in the papers these days. At any rate, for the casual reader, "Pink Slips and Parting Gifts" makes for an interesting, informative, and even amusing read. But for those lucky readers who are still gainfully employed in a mid size or large corporation it is just plain scary!

The plot of "Pink slips and Parting Gifts" is simple and direct. The Easton Company was a Fortune 500 company that had been around for a long time. Its late founder had employed thousands of people who believed as he did that the community was important and every employee mattered. The company's charitable works in the Washington, DC area were well known and had earned the founder the Presidential Medal of Freedom. In short, The Easton Company was as American as apple pie--until its new CEO decided to sell the company.

There were a variety of reasons why selling The Easton Company was a very bad idea; but the CEO, Jeffery Elkins, had 91 million reasons to do so. $91 million dollars was the amount he would receive in benefits if the sale or merger went through. It was an offer he couldn't refuse; especially since he himself fashioned the offer. It doesn't take long to figure out where all this is going. As a matter of fact, there is a major clue in the dedication page which reads, "For the generations of American retirees and workers who have unfairly lost employer-sponsored health benefits." This, in a nutshell, is what happened to employees of The Easton Company after they lost their jobs.

Author Deb Hosey White chronicles the demise of The Easton Company from a variety of points of view across the spectrum of its employees. From the hard working administrative assistants and mid level managers to the maintenance personnel and even the corporate pilot, each had a story to tell and each were victims of the culture of greed and mismanagement that emanated from the front office. Writing from several points of view is never easy, but Ms. White does so easily, moving with agility from one story to another, all the time retaining the readers' attention.

At the same time, her narrative has a "been there, done that," feel to it which is no doubt due to her more than thirty years experience working for Fortune 1000 companies where she lived mergers and acquisitions from inside the conference rooms, cubicles and executive suites of corporate America.So, who should read "Pink Slips and Parting Gifts?" A paragraph on the back cover says it all, "An estimated one in five corporate employees has experienced a merger or acquisition.
Pink Slips and Parting Gifts is their story --the one every corporate cubicle jockey, business-class road warrior and mid-level manager will want to read." I respectfully agree!
4 of 4 people found the following review helpful
4.0 out of 5 stars Corporate intrigue Aug. 18 2009
By M. Koontz - Published on
A real page turner of a book. An inside look at what happens to employees on all rungs of the corporate ladder in a corporate buyout. A great first effort from an unknown author. Looking forward to the next novel.

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