Quote:
Originally Posted by Smokey11053
A bean counter spent 30 minutes figuring out how to drain comps.
Close, but not quite......
The CEO on the 7 figure salary tells his no.2 on the upper 6 figure salary that they have to come up with ways to generate more revenue. The no.2 then convenes a group of GMs on lower 6 figure salaries and they brainstorm ideas. A couple of weeks later when no traction has been made, one of them suggests calling in consultants.
An upper 6 figure salary consultant director tells them that his consultancy group can create additional revenue streams but it will require a team of six lower 6 figure salaried consultants and it will take 5 months, at $4K a day each. The CEO, no.2 and GMs agree that is the way to go and the $2.4M fee is a bargain because it means that they don't actually have to make any decisions and are therefore not accountable.
The lower 6 figure salary consultants come to Vegas, spend 5 months knee deep in hookers and blow and with a day to go, realise they have an impending deadline to meet. Quickly, they decide that charging for parking is the answer; it's the only asset that is not being sweat enough and, of course, **** the customers. They pull together a few PowerPoint slides and hope for the best.
The slides show that the revenue generated would be almost enough to cover the cost of the consultants brought in to come up with the idea in the first place.
But that doesn't matter. Because the CEO can show revenue growth and be paid his $1M bonus, the no.2 gets his $500K bonus because the CEO is happy, and the GMs get their $250K bonuses because they have hit their KPIs. The consultant director gets his bonus for selling a $2.5M piece of work, and the consultants are happy because they got to spend 5 months submerged in hookers and blow and the boss has promised not to post the pictures on Facebook.
So, the customers get screwed and foot the bill but no-one at MgM minds. The CEO, no.2 and GMs don't care because they have now updated their resumes explaining how they came up with an ingenious way of improving revenue in a declining market. They are now selling themselves to the highest bidder.
The consultants really don't care either because in a couple of years, they know that the new CEO will be inviting them back to come up with ways of increasing customer traffic. And they also know that they will be able to spend another 5 months knee deep in hookers and blow. And this time they have already prepared their slides with the solution to increasing customer traffic; offer free car parking!