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Wednesday, July 22, 2009

5

Conde Nast: Just Trim Your F'ing Budgets Already Maybe

27 "SECRETS"Now that Conde Nast has sent all its employees into a giant, flipped-out tizzy by announcing the onslaught of the McKinsey consultants-"This is an elaborate way to get the editors to trim their fucking budgets"!-one has to wonder: exactly how much does a McKinsey overhaul cost? I literally have no idea-if you do, please let us know-but I imagine it is a significant sum. But whether it is astronomical or merely outrageous, really, what a waste. How hard is it to understand the trends in one's own industry, then assess where one is overspending, talk with pals at other companies, and then trash your budget, hire younger talent instead of old, stupid and expensive talent (cough Annie Leibovitz), fire everyone who made the company's websites a disaster and promote the people who made them work, and carry on? Oh and close down sad old Details, I guess, too bad too, but there are only so many months that its editor can "consider" pieces and then decide he hates them at the last minute, leaving his staff (which has outrageously high turnover) in a constant state of not ever getting anything done while he is watching fashion shows. Also how many times can you teach men how to tie a tie?

5 Comments / Post A Comment

atipofthehat
atipofthehat (#797)

YouTube is the best place to learn how to tie a tie anyway. Until the laptop hits the floor....

monkeyajb
monkeyajb (#524)

I believe McKinsey compensation is based in part on a percentage of how much they trim -- so they have an incentive to cut people first, usually.

katiebakes
katiebakes (#32)

I REALLY enjoyed this post.

Meeg
Meeg (#309)

They can start trimming their budget by stop sending me issues of Details since I let my subscription lapse 6 months ago...

Setec Astrology

But they need to keep those subscription numbers up! Time Out NY (not a Conde publication, I know) gave me an introductory free subscription, begged me to renew for pay once the first subscription expired, and then kept sending me free issues when I declined to start paying for it.

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