There are certain things any corporate executive, especially one charged with turnaround, would do which simply haven't happened here. I'll read the book but the erstwhile CEO appears to have been given zero support to do anything meaningful, hence the more clandestine approach and aiming to control the debt to some degree.
Eskom, along with all the other entities ruined by the ANC, is a delinquent organisation and would normally be placed under special measures until some modicum of control can be introduced.
There are a number of very normal things which would have to be done to such an organisation:
- Fire these fat c*nts and their immediate reports. You would not find a greater dearth of talent anywhere on the planet. Block system access and seize the laptops and any other corporate devices for a hard drive search. I can't find a CRO but that is telling in itself.
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- There is no way non-performing exco members such as the above people should/would survive in their roles. Suspension of the entire lot would be the kindest thing to do to be replaced by quality, industry gunslingers with real track records during the full period of special measures.
- Most payables would be halted immediately pending contract review. You'd continue Keep The Lights On type services only until control of legitimate outgoings was instituted.
- Full staff review prioritised by critical services in the business. I'd say productivity is in low double figures at best. Dump non-performers ruthlessly.
- Hire in independent assurers to review the critical services end to end. Lots of day to day processes have been captured by criminals.