Consequences
By Ed. Filed in Business, Computers & Internet, Life, Technology |
Of course, the Government has done business with people like the CEO of the computer company before. They take the contract bidding process and deliverables schedules very seriously. When they found out that the computer company was misrepresenting their capabilities in the contract bids, the GSA launched an investigation into the company and placed charges on the CEO. They also blacklisted the company from bidding on any future contracts.
The blacklisting is what freaked me out. If we did not have any new business coming in, then there would not be much need for my departments. I started looking for another job and found one easily. I was convinced that my future with the company was shot and that I need to move on with my career.
What I did not know – until it was too late – is the the Board of Directors worked a deal with the GSA. They agreed to fire the CEO and the GSA agreed to remove the blacklisting. They did pursue charges against him personally, but with him gone and taking sole responsibility for the actions, there was no need to punish the 400 innocent employees and the stockholders.