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re: Is the "Company Man" culture dead?
Posted on 10/23/26 at 9:40 am to LSU Coyote
Posted on 10/23/26 at 9:40 am to LSU Coyote
Mostly yes.
Like a lot of things in this life, there are always exceptions
Like a lot of things in this life, there are always exceptions
Posted on 10/23/26 at 9:41 am to LSU Coyote
quote:
"do your duty".
Posted on 10/23/26 at 9:42 am to LSU Coyote
Publicly traded companies cannot produce company men. They are fiduciary slaves to shareholders and nothing else matters.
You can still make a lot of money at these companies, but always know you're very, very replaceable or expendable.
You can still make a lot of money at these companies, but always know you're very, very replaceable or expendable.
Posted on 10/23/26 at 9:45 am to LSU Coyote
quote:
Is the "Company Man" culture dead?
Go work for a company owned by a private equity firm. You'll get your answer as to why it's dead.
Posted on 10/23/26 at 9:46 am to LSU Coyote
It's dead and will only get worse as the boomers exit the workforce. Gen X is starting to get older and in their feels and many my age, at least in my field, are prioritizing family life more than ever.
Throw in millennials and their need to take "me time" all the fricking time and you can say any semblance of the "company man" will be wiped out by the time Gen Z starts dominating the workforce.
Throw in millennials and their need to take "me time" all the fricking time and you can say any semblance of the "company man" will be wiped out by the time Gen Z starts dominating the workforce.
Posted on 10/23/26 at 9:46 am to LSU Coyote
quote:
All I have to say, "do your duty".
My duty is to my family. I couldn't care less about the company. I'm there for a paycheck, that's it.
This post was edited on 10/23/26 at 9:49 am
Posted on 10/23/26 at 9:47 am to LSU Coyote
Companies abandoned respecting their employees when they dropped pensions wholesale. You make more over time by jumping to a new company every 3-5 years than you do staying with one long term
Posted on 10/23/26 at 9:47 am to LSU Coyote
Even the nice large companies removed their pension plans in the current generation. Without a pension, the only reason to be a company man is if you are trying to become an executive. The individual contributors are replaceable assets and and upper levels of management change every 2ish years.
Posted on 10/23/26 at 9:48 am to LSUZombie
quote:
Go work for a company owned by a private equity firm. You'll get your answer as to why it's dead.
I did this - outside of the partners, the turnover rate was INSANE.
They would have us working absurd hours and randomly send request for urgent deliverables late Saturday nights and shite like that when I was out at football games, etc. and I'd have to leave.
Nightmare.
Made a very good living though and exited on good terms (and retained some equity) when I found a new opportunity.
Posted on 10/23/26 at 9:51 am to theliontamer
quote:
The individual contributors are replaceable assets
I have seen at least a slight shift in this mentality the past 2 or 3 years. Ive noticed some suits making comments about certain individual contributors costing the business far more money in their absence than was thought.
Turns out you cant just plug equal qualifications into a position formerly occupied by someone with 20 years experience and get equal results.
Posted on 10/23/26 at 9:51 am to theliontamer
quote:
Even the nice large companies removed their pension plans in the current generation. Without a pension, the only reason to be a company man is if you are trying to become an executive. The individual contributors are replaceable assets and and upper levels of management change every 2ish years.
Publicly traded companies use vesting equity grants/shares as their "sticky" mechanism.
For example, each year you get a bonus of 400 shares of the stock. Each year, for the next 4 years, 100 shares vest. That creates a ladder of vesting after several years of service where each year you get 100 shares from each of the past 4 years vesting.
Hard to walk away from.
And you sometimes get dividends from those shares and multipliers of the shares based on company performance or EPS. So you're motivated to improve company performance as it impacts your net worth.
I've been in this situation as well.
This post was edited on 10/23/26 at 9:53 am
Posted on 10/23/26 at 9:52 am to Hangover Haven
quote:
retired" from my original job to take a less stressful position at another hospital. After 36 years
Hospitals are brutal. Not even a pizza party with a Cafeteria pizza and cafeteria cake is almost malicious. Hospitals have ZERO feel of loyalty. Unless it is created by and amongst the staff of a particular unit. Then have “too many” parties or celebrations. Something will be said.
Posted on 10/23/26 at 9:52 am to LSU Coyote
The era of company loyalty was very brief. As soon as market fundamentalism won, and boards decided that their only duty was to shareholder value, then a mercenary attitude to employers was the only rational approach. They have no compunction whatsoever to laying you off to have a better quarter. You should have no reservations about leaving for better opportunities. That “maximize revenue “ stuff goes both ways.
Posted on 10/23/26 at 9:52 am to LSUZombie
quote:
Go work for a company owned by a private equity firm. You'll get your answer as to why it's dead.
My old company was bought out by PE. The owners who I am close with couldn’t really adjust to the new reality
They lived off good ole boy hires and company men.
It wasn’t a bad gig. I could do it in my sleep and I didn’t work hard while 2x my budget 3 years in a row. That didn’t come with bigger bonuses or higher pay because they still thought there was loyalty
They judged me by how hard I worked, not very and not the numbers I was putting up.
Posted on 10/23/26 at 9:53 am to LSU Coyote
It died for companies decades ago; the peons started figuring it out about a decade ago, which got noticed by said companies about a half decade later, which is when you saw all the bullshite media articles crying about "quiet quitting".
Posted on 10/23/26 at 9:54 am to LSU Coyote
quote:
company man
This term belongs in the Smithsonian. Blind loyalty to a company that will cut you off in the blink of an eye screams 1950’s.
Posted on 10/23/26 at 10:01 am to LSU Coyote
It's not the case anymore because companies are not loyal to employees. Culture has changed.
I'm here for a good time, not a long time.
I'm here for a good time, not a long time.
Posted on 10/23/26 at 10:02 am to LSU Coyote
I work with a real company man, and all I think about is how sad his personal life is to care about the company more than his wife and kids.
Posted on 10/23/26 at 10:04 am to Zap Rowsdower
quote:
I think they still exist to a certain extent in the world of local/independently owned businesses and companies where employees can know their owners and executives on a personal level and feel like they have some skin in the game.
i've been at the same company for 15 years. small true mom and pop shop.
there's probably been 25+ employees come and go since i've been here, but the owner, his wife, and their son (one of my best friends) have remained the whole time.
i get offers to leave and go work for fortune 500 companies pretty regularly, but I like working somewhere that I don't have to crawl my way up and go through HR and DEI malarky.
my boss drives me nuts a lot, but is good man and I prefer making money with him over some random Indian CEO that's going to turn over leadership and go through downsizing and restructuring every Q4.
Posted on 10/23/26 at 10:04 am to LSU Coyote
Company’s have zero loyalty to their workers.
Why would anyone have loyalty to them?
Why would anyone have loyalty to them?
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