LO and Big Layoffs LO5620

Wed, 14 Feb 1996 16:16:08 -0500

Replying to LO5572 --

Intriguing thought, that a company's most profitable period might be just
before bankruptcy. Reminds me of the story of the dairy farmer who had
determined feed was his biggest monthly outlay. So, he reduced costs.
The first month, he reduced his cow's feed from three bails to two bails
of hay. The next month he reduced it from two to one. "Then," he
complained, "I just got her used to a half a bail and she up and died on
me." If only all other relationships did stay constant while we made
changes in a cost outlay.


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