Wednesday, July 22, 2009

My Epic Battle with Unemployment: Hustling to find a Hustle!

Never before have I felt as qualified as I feel now to write this blog. Do you guys remember when I wrote the post "The Boiling Frog Syndrome". Well guess what, my time came and I got the shoulder tap. They laid my black a$$ off!
First of all, even though I knew we were doing bad, my ego and my logic thought there were still certain people that had to go before they gave me my walking papers. The problem there, is that logic (and ego) have no place in Corporate America.

The tale of my unemployment is one for the ages! The moves I made; the friends that I have who stepped up; and the mental a$$ whippin' I took on a daily basis makes for good blogging.

The good part is: I came out on top. Just like Kobe in my previous post, the best always rise to the top. The other good part is that I am at a new job, where no one knows me, my blog, my other businesses so I can post here as candid and truthful as I want.
Just think, if I didn't come out of this good. All of the my talk about positive thinking, motiviation, Jim Rohn this and that, Tony Robbins ths and that....my working out, my ambition, my hope & dreams would have all just been me talking smack! And we all know that I love to talk smack but I also back it up. That's just what I do!

I have kept a journal of my unemployment time so I have postings that you will find fascinating. I will also post the various things that I did to find work, some that were successful and some that weren't.
I would like to begin these series of blogs on unemployment with a description of how the story ends.

The end goes:
2 Job Offers, An increase on an already six-figure income of $4,500.00, a move to the East Coast, 90 miles from family (versus 600 miles) and a shorter drive to work. Not to mention the chance to reinvent oneself again.
Easily the hardest thing that I have ever had to overcome in my life, but also the most life changing event.

Look for the rest of the Blog series: Hustling to find a Hustle.

For now, back to my 9 to 5!
-MJL

Monday, June 15, 2009

The Best Continue to Rise to the Top

When you are the best, you can't be held down. Period! Look at Trump, look at Tiger, and the latest example of this is none other then our man Kobe. Everyone loves to hate Kobe. They don't see how much work he puts in, they just think he is naturally that good. What makes Kobe unbelievable is that he's good, but continues to work to be the best. How crazy is that, you are already on the top of your game, but yet you are in the gym at 5:30 making sure that you are working harder then anyone in the league.

Rape charges, pulled endorsements, and a feud with Shaq and he is still back on top.
You can dislike him, but it will only make him stronger. The hate, makes him great!

Friday, May 22, 2009

No Golden Parachute for Tricky Ricky


I am not using this as a debate over "to bailout, or not to bailout", I just want to shed some light on the rumored 20 million dollar severance package that Rick Wagoner is reportedly getting.

That 20 million is not what it's cracked up to be. When the Obama administration asked Rick to step down there were numerous reports of a 20 million dollar severance payout. News stories such as this one from ABC, conitnued to spread the bad press about the auto industry. In reality the 20 million was not so real.....

From the Mariam Webster Online dictionary, the defintion of a "Golden Parachute" is: a generous severance agreement for a corporate executive in the event of a sudden dismissal (as because of a merger)

This is not what Mr. Wagoner got.
Dave Schmidt, an executive compensation analyst with James F. Reda and Associates, says that less than $1 million of Wagoner's total $20.2 million pension package appears to be guaranteed if GM goes bankrupt.

This is a true statement. 19.2 million of the reported 20.2 million is part of an annuity scheduled to pay out 4.5 million a year for five years. If GM goes bankrupt this money is unsecured and Rick would lose all of it. If he manages to get out the first 4.5 million to pay his bills, he would be forced to give it back! Damn!!!

Severance package is not looking so good now is it?

That leaves our man Rick with only $980,000.00. That sounds like a lot to you and I, but that's nothing for someone who has been earning a salary btween 1 and 2.2 million per year for the last 8 years. That's like you trying to retire on $80,000.00.

It gets worse: that $980,000 isn't payable in one lump sum. He has to withdraw that annually, payable in installments of $68,900. Good luck paying for the private jet on $70K per year.

I'm sure Rick will get another 7 figure job, but for now he can collect unmployment like the other 13% of Michigan, which happens to be about $380/ week........and you have to pay taxes on that.

-MJL