Originally Posted by
industry insider
The management incompetence leading to the current state of the once mighty Bristow defies belief and explanation.
But isn't that the case with corporate culture in general? Profitable times tend to attract these certain personalities whose major interest in their job is seek to maximize personal benefit, and thus are prone to milk a company for fat salary packages and many other spendings on the management class; plus the cost of them not admitting having taken the wrong turn. Think new offices, expensive company cars, prestigious joint ventures only good for their own CV, all in all: a nonchalant, unreflected expectation that your employers business must provide you with not only a good income but a luxury lifestyle, and merely exists to fulfill your personal professional endeavours. Within those ranks, everybody feels free to grab what they can so nobody ever questions whether management is making sound decisions - they just confirm each other in being worth bonus after bonus and that its always a good time to have a new headquarter built in a triple A location. Since it is also perfectly normal for these people to jump ship when the well dries up, they don't know how to steer a business through rough waters - sticking it out loyally was never part of their plan, they just want to skim the cream wherever times are good at any given point.
Surely offshore flying was hit hard by bad oil and "one trick" companies suffer. But in all honesty, realistic management knows that already when the times are still good and would make provisions. Whatever happened to that? It used to be quite normal... and back then people where in general
less educated than today.