I’m sure all you shareholders are looking with great interest at the news reports for Qinetiq, and are seeing promising reports. The results are, I’m told, expected to be good news for shareholders. This is different, of course, to them being good for the workforce. The employees are basically expendable carbon bags, to be tossed out when the upper management deem them to be of no further worth. But one carbon bag in particular appears to still be in favour, despite his fundamental, foreseeable (and publicly foreseen) errors that have hit the Qinetiq bottom line to the tune of multiple millions.
That carbon bag is, of course, Chris Johnson. He of the Qinetiq Workspace debacle, otherwise known as QW, although some say this now stands for “Quietly weeping”, “Quinn Wanting”, or “Quickly Wasted” (I’m sure you can do better than that…). His errors, in deciding that practically the whole company can get by on the Unclass network, must surely be responsible for a big hit in the company’s profits. But will he suffer? Of course not. Johnson has, because he once impressed Quinn in a previous company, joined the elite band of henchweasels that can now do no wrong, no matter how much wrong they actually manage to do. My guess is that he is overlooked for the hatchet because he’s willing to dole out ipads, or whatever other new toys the weasels want, on demand. Lets hope one of them asks for 3000 webcams.
So, Johnson will survive, and even prosper. He’s in the right club. The results won’t mention this particular purchasing disaster, and everyone will be happy. Pay particular attention in the annual report to the report of the remuneration committee. That will have lots of confusing, unclear statements about how the highly complex bonus payment formula means that “Shareholder value” (why not just use the rather straightforward measure of share price?) is way up, and hence so is the bonus for Quinn, Mellors, and the rest of the crew. Go Quinn and the Weasels!
Sent from my ipad.