I began employment as the Controller six months ago with a company that has been in business for 100 years. They were duped into IPA's retoric a little over a year ago.
My first meeting with the "senior analyst" was in May of this year and I was immediatly skeptical of his "insight" to how the business should run. The more I questioned his philosphy, the more irritated he became. After his 3 days of "intensive strategic planning," and a bill of over $10,000.00, nothing was accomplished. The only thing he left the company with was a suggestion to fire two of the employees that have been there for over 25 years. I found out later that the company had already fired several "long-timers" on his suggestion several months before that.
After four months of employment, the owners approached me with the opportunity to be promoted to VP of the company. Lo and behold, the Analyst was brought back in to talk to me. This meeting went even worse than the first and after asking him his background and expertise in the distribution markets, I was excluded for the next three days from all financial and budget meetings with the other dept heads!
After his departure (another $10,000.00 for 3 days,) the owners were reluctant to talk with me and the promotion went to another male employee. I started doing research on IPA, and realized they have taken the company for over $100,000.00 over the course of the year. Upon IPA's advise they are in a position today where there is not enough money to make payroll, the bank is close to calling in their notes, and their suppliers are threatening to stop sending product, because they are so behind on payments.
My six month review was last week, and in addition to NOT getting the promotion, I have been told my department now is not only accounting, but also IT, HR, Administration, and Customer Service, with a staff of 4. I have no doubt due to the Analyst's recommendation.
I am well aware that I am being set up for failure, there is no way an 8 million dollar company can expect one department of four people to accomplish these tasks.
Did I mention every person that has been let go over the last six months has been female?
Do I have any recourse against IPA? My time is limited, anyone in the KC area looking for a controller?
Kansas City, Missouri