Restructuring decisions at the North Pole

[Gary04GT]

According to a recent press-release issued by SANTA, Donner and Blitzen have elected to take the early reindeer retirement package which has triggered a good deal of concern about whether they will be replaced and about other restructuring decisions at the North Pole.

Streamlining is due to the North Pole's loss of dominance in the season's gift distribution business. Home Shopping TV channels and mail order catalogues have diminished Santa's market share. He and the Board could not sit idly by and permit further erosion of the profit picture.

The reindeer downsizing was made possible through purchase of a late model Japanese sled for the CEO's annual trip. Improved productivity from Dasher and Dancer, who summered at the Harvard Business School, is anticipated. Reduction in the reindeer will also lessen airborne environmental emissions for which the North Pole has received unfavorable press (gas and solid waste).

We're pleased to inform you that Rudolph's role will not be disturbed. Tradition still counts for something at the North Pole!

Management denies, in the strongest possible language, the earlier leak that Rudolph's nose gets red, not from the cold, but from substance abuse. Calling Rudolph "a lush who was into the sauce and never did pull his share of the load" was an unfortunate comment, made by one of Santa's helpers and taken out of context at a time of the year when they are known to be under 'executive stress'.

As for further restructuring, today's global challenges require the North Pole to continue to look for better, more competitive steps. Effective immediately, the following economy measures are to take place in the "Twelve Days of Christmas" music subsidiary:

1) The partridge will be retained, but the pear tree, which never produced the cash crop forecasted, will be replaced by a plastic hanging plant, providing considerable savings in maintenance;

2) Two turtle doves represent a redundancy that is simply not cost effective. In addition, their romance during working hours could not be condoned. The positions are, therefore, eliminated;

3) The three French hens will remain intact. After all, everyone loves the French;

4) The four calling birds will be replaced by an automated voice mail system, with a call waiting option. An analysis is underway to determine who the birds have been calling, how often and how long they talked;

5) The five golden rings have been put on hold by the Board of Directors. Maintaining a portfolio based on one commodity could have negative implications for institutional investors. Diversification into other precious metals, as well as a mix of T-Bills and high technology stocks, appear to be in order;

6) The six geese-a-laying constitutes a luxury which can no longer be afforded. It has long been felt that the production rate of one egg per goose per day was an example of the general decline in productivity. Therefore, three geese will be let go and there will be an upgrading in the selection process.

7) The seven swans-a-swimming is obviously a number chosen in better times. The function is primarily decorative. Mechanical swans are on order. The current swans will be retrained to learn some new strokes, thereby enhancing their outplacement;

8) As you know, the eight maids-a-milking concept has been under heavy scrutiny by the EEOC. A male/female balance in the workforce is being sought. The more militant maids consider this a dead-end job with no upward mobility. Automation of the process may permit the maids to try a-mending, a-mentoring or a-mulching;

9) Nine ladies dancing has always been an odd number. This function will be phased out as these individuals grow older and can no longer do the steps;

10) Ten Lords-a-leaping is overkill. The high cost of Lords, plus the expense of international air travel, prompted the Compensation Committee to suggest replacing this group with ten out-of-work congressmen. While leaping ability may be somewhat sacrificed, the savings are significant as we expect an oversupply of unem

[JPMS GT]

Ho, Ho, Ho, Gary, you are the man! And, thank you for seeing that Santa is indeed in an Inferno Red PT Cruiser GT STAGE 1 turbo sleigh!!! [8)]

He's probably got a green back up! [?]