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  #681 (permalink)  
Old 2005-10-29
Title: Senior Member
Rank: Failing Enterprise Management Trainee (100-199 Posts)
 
Join Date: 2005-10-15
Location: over here
Posts: 114
GooglePts has an average reputation (10+)
Default Re: Any GP45ers out there?

Quote:
Originally Posted by Unregistered
Too bad that your career was only washing rigs, I do a lot more things. Now I understand why you left.
That's right! You help manage a profit center! Tell me, what's next door to you? Either some local barber shop that no one goes to or some tv repair shop. But you come to work in a shirt and tie making you feel that much more important. By the way, how was work today?
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  #682 (permalink)  
Old 2005-10-29
Unregistered
Anonymous Coward
 
Posts: n/a
Default Re: Any GP45ers out there?

Quote:
Originally Posted by GooglePts
That's right! You help manage a profit center! Tell me, what's next door to you? Either some local barber shop that no one goes to or some tv repair shop. But you come to work in a shirt and tie making you feel that much more important. By the way, how was work today?
I didn't have to work today, yes I get a saturday off. My shop next door - I think its a body shop. Not the nicest people, but better than a tv shop. Looks like you hold a good grudge against this company. What happened to you?
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  #683 (permalink)  
Old 2005-10-29
Title: Senior Member
Rank: Failing Enterprise Management Trainee (100-199 Posts)
 
Join Date: 2005-10-15
Location: over here
Posts: 114
GooglePts has an average reputation (10+)
Default Re: Any GP45ers out there?

Quote:
Originally Posted by Unregistered
I didn't have to work today, yes I get a saturday off. My shop next door - I think its a body shop. Not the nicest people, but better than a tv shop. Looks like you hold a good grudge against this company. What happened to you?
I was figuratively speaking. . .I laugh because I was bought into the fact that I don't necessarily "rent cars for a living" No. . .I help run a profit center. Look around your office and the area your office is located. Are you that proud of your location and would you be entirely stoked to brag to everyone you know about what and where you are working? I rest.

To answer your question if I have a grudge against the company. Well, lets see, I have only myself to blame for being there as long as I did. I guarantee if you ever worked with me I was the employee who was bleeding green all the way. Hold on. . .I'll get to this later. It's Halloween weekend. . .i'm out.
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  #684 (permalink)  
Old 2005-10-29
Unregistered
Anonymous Coward
 
Posts: n/a
Default Re: Any GP45ers out there?

Quote:
Originally Posted by GooglePts
I was figuratively speaking. . .I laugh because I was bought into the fact that I don't necessarily "rent cars for a living" No. . .I help run a profit center. Look around your office and the area your office is located. Are you that proud of your location and would you be entirely stoked to brag to everyone you know about what and where you are working? I rest.

To answer your question if I have a grudge against the company. Well, lets see, I have only myself to blame for being there as long as I did. I guarantee if you ever worked with me I was the employee who was bleeding green all the way. Hold on. . .I'll get to this later. It's Halloween weekend. . .i'm out.
I don't know if I ever worked with you, I doubt it, sounds like you are gone for a while. If you are gone for not too long, I might know you. would like to chat, since I am on my way out, could use some advice.
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  #685 (permalink)  
Old 2005-10-31
Unregistered
Anonymous Coward
 
Posts: n/a
Default Re: Any GP45ers out there? Guess who

I worked for enterprise as a branch manager in two groups for a total of seven years. In that time,jaded as I was, I concentrated on learning as much as possible about that business while I was there. Without being sarcastic or swinging below the belt, I would like to bring into the open a few irrefutable enterprise financials and at the same time ask a few enterprise financial questions. I do not possibly see how a current employee could defend their position.
Several years ago,many of you may remenber at one of the many orlando meetings, that the Taylor family had a vision to double its overall fleet size in north america from the current fleet at the time of 500,000 cars. Consequently and shortly thereafter, management received a very brief email stating that enterprise, in order to muster the necessary capital to expand its fleet,issued junk bonds to prospective investors on a limited basis. Now,to those of you who may not be aware, I will explain the implications of this email. They issued junk bonds. A junk bond,by definition, is a non-rated bond with a higher than normal yield. Non-rated means that it is deemed a riskier investment. Put simply,Enterprise sought outside investors and paid them an attractive interest rate in order to get money to grow. We were never informed as to how much money,but you can only imagine what it would take to double a fleet.We were only informed that we"went public on a limited basis". One question:we were all trained from a revenue perspective that every possible expenditure is expressed on the spreadsheet,where was that gigantic loan? Will anyone ever actually know the actual financial position of enterprise?Most of the current middle and upper management will never get a straight answer about how much money the Taylor family borrowed and how they intended to repay without shortchanging its commissioned employees. When you are busy repaying a debt of this size,you drastically reduce your bottom line. Simple concept for all you spreadsheet gurus. The truth of the matter is you will get various answers in any given month. Weak flip,a rise in reserves,it's all there. My area manager at the time ,when I made a career change,was in the process of sending a string of emails to the group controller. He had determined that flip for the area had been misappropriated and he was due for previous revenue never credited on his area spreadsheet. He wasn't a perfect boss but he wasn't stupid either. Upon looking at the number,it made sense to both my fellow managers and me. Needless to say,he received no satisfaction. Basically, it just tarnished his promotability.
The result of all that enthusiasm in orlando in 2001 was this: enterprise grew steadily at 4% in the united states for the next two years consecutively. Doesn't quite sound like doubling in size. Who knows if that will pay such a heavy debt? I know none of us,whether customer,ex-employee,or current employee,will ever actually know where the majority of the profitability is going. Whether it is blamed on a weak used car market, refurbushments to the admin building,or other, rest assured that your commission check or lack there of,is just a keystroke away from your local group controller. You will never know. Paying commissioned employees is such an inexact science. Some errors are made intentionally and others not. I am certainly not smashing enterprise based on personal opinion. I am only referring to tangibles that I know what I read and saw. Enterprise very probably has a large debt on its books currently. It has to pay it somehow. Its growth was consistently moderate in the united states from 2001 to 2003. Plenty of profit for a wealthy family but a discouraging proposition for a new employee. I look forward to any cult response.
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  #686 (permalink)  
Old 2005-10-31
Unregistered
Anonymous Coward
 
Posts: n/a
Default Re: Any GP45ers out there? Guess who

Quote:
Originally Posted by Unregistered
I worked for enterprise as a branch manager in two groups for a total of seven years. In that time,jaded as I was, I concentrated on learning as much as possible about that business while I was there. Without being sarcastic or swinging below the belt, I would like to bring into the open a few irrefutable enterprise financials and at the same time ask a few enterprise financial questions. I do not possibly see how a current employee could defend their position.
Several years ago,many of you may remenber at one of the many orlando meetings, that the Taylor family had a vision to double its overall fleet size in north america from the current fleet at the time of 500,000 cars. Consequently and shortly thereafter, management received a very brief email stating that enterprise, in order to muster the necessary capital to expand its fleet,issued junk bonds to prospective investors on a limited basis. Now,to those of you who may not be aware, I will explain the implications of this email. They issued junk bonds. A junk bond,by definition, is a non-rated bond with a higher than normal yield. Non-rated means that it is deemed a riskier investment. Put simply,Enterprise sought outside investors and paid them an attractive interest rate in order to get money to grow. We were never informed as to how much money,but you can only imagine what it would take to double a fleet.We were only informed that we"went public on a limited basis". One question:we were all trained from a revenue perspective that every possible expenditure is expressed on the spreadsheet,where was that gigantic loan? Will anyone ever actually know the actual financial position of enterprise?Most of the current middle and upper management will never get a straight answer about how much money the Taylor family borrowed and how they intended to repay without shortchanging its commissioned employees. When you are busy repaying a debt of this size,you drastically reduce your bottom line. Simple concept for all you spreadsheet gurus. The truth of the matter is you will get various answers in any given month. Weak flip,a rise in reserves,it's all there. My area manager at the time ,when I made a career change,was in the process of sending a string of emails to the group controller. He had determined that flip for the area had been misappropriated and he was due for previous revenue never credited on his area spreadsheet. He wasn't a perfect boss but he wasn't stupid either. Upon looking at the number,it made sense to both my fellow managers and me. Needless to say,he received no satisfaction. Basically, it just tarnished his promotability.
The result of all that enthusiasm in orlando in 2001 was this: enterprise grew steadily at 4% in the united states for the next two years consecutively. Doesn't quite sound like doubling in size. Who knows if that will pay such a heavy debt? I know none of us,whether customer,ex-employee,or current employee,will ever actually know where the majority of the profitability is going. Whether it is blamed on a weak used car market, refurbushments to the admin building,or other, rest assured that your commission check or lack there of,is just a keystroke away from your local group controller. You will never know. Paying commissioned employees is such an inexact science. Some errors are made intentionally and others not. I am certainly not smashing enterprise based on personal opinion. I am only referring to tangibles that I know what I read and saw. Enterprise very probably has a large debt on its books currently. It has to pay it somehow. Its growth was consistently moderate in the united states from 2001 to 2003. Plenty of profit for a wealthy family but a discouraging proposition for a new employee. I look forward to any cult response.
wow! what branch did you work at?
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  #687 (permalink)  
Old 2005-10-31
Title: Senior Member
Rank: Failing Enterprise Management Trainee (100-199 Posts)
 
Join Date: 2005-10-15
Location: over here
Posts: 114
GooglePts has an average reputation (10+)
Default Re: Any GP45ers out there? Guess who

Quote:
Originally Posted by Unregistered
I worked for enterprise as a branch manager in two groups for a total of seven years. In that time,jaded as I was, I concentrated on learning as much as possible about that business while I was there. Without being sarcastic or swinging below the belt, I would like to bring into the open a few irrefutable enterprise financials and at the same time ask a few enterprise financial questions. I do not possibly see how a current employee could defend their position.
Several years ago,many of you may remenber at one of the many orlando meetings, that the Taylor family had a vision to double its overall fleet size in north america from the current fleet at the time of 500,000 cars. Consequently and shortly thereafter, management received a very brief email stating that enterprise, in order to muster the necessary capital to expand its fleet,issued junk bonds to prospective investors on a limited basis. Now,to those of you who may not be aware, I will explain the implications of this email. They issued junk bonds. A junk bond,by definition, is a non-rated bond with a higher than normal yield. Non-rated means that it is deemed a riskier investment. Put simply,Enterprise sought outside investors and paid them an attractive interest rate in order to get money to grow. We were never informed as to how much money,but you can only imagine what it would take to double a fleet.We were only informed that we"went public on a limited basis". One question:we were all trained from a revenue perspective that every possible expenditure is expressed on the spreadsheet,where was that gigantic loan? Will anyone ever actually know the actual financial position of enterprise?Most of the current middle and upper management will never get a straight answer about how much money the Taylor family borrowed and how they intended to repay without shortchanging its commissioned employees. When you are busy repaying a debt of this size,you drastically reduce your bottom line. Simple concept for all you spreadsheet gurus. The truth of the matter is you will get various answers in any given month. Weak flip,a rise in reserves,it's all there. My area manager at the time ,when I made a career change,was in the process of sending a string of emails to the group controller. He had determined that flip for the area had been misappropriated and he was due for previous revenue never credited on his area spreadsheet. He wasn't a perfect boss but he wasn't stupid either. Upon looking at the number,it made sense to both my fellow managers and me. Needless to say,he received no satisfaction. Basically, it just tarnished his promotability.
The result of all that enthusiasm in orlando in 2001 was this: enterprise grew steadily at 4% in the united states for the next two years consecutively. Doesn't quite sound like doubling in size. Who knows if that will pay such a heavy debt? I know none of us,whether customer,ex-employee,or current employee,will ever actually know where the majority of the profitability is going. Whether it is blamed on a weak used car market, refurbushments to the admin building,or other, rest assured that your commission check or lack there of,is just a keystroke away from your local group controller. You will never know. Paying commissioned employees is such an inexact science. Some errors are made intentionally and others not. I am certainly not smashing enterprise based on personal opinion. I am only referring to tangibles that I know what I read and saw. Enterprise very probably has a large debt on its books currently. It has to pay it somehow. Its growth was consistently moderate in the united states from 2001 to 2003. Plenty of profit for a wealthy family but a discouraging proposition for a new employee. I look forward to any cult response.
You probably won't get too many responses for a while because everyone else is too busy washing rigs and trying to earn as many points as possible by selling dammage waiver. I miss insurance Mondays. . .no worries. . .4 more days to go until FREE LOVE FRIDAY! YIPPIE!!!!!
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  #688 (permalink)  
Old 2005-10-31
Unregistered
Anonymous Coward
 
Posts: n/a
Default Re: Any GP45ers out there? Guess who

Quote:
Originally Posted by GooglePts
You probably won't get too many responses for a while because everyone else is too busy washing rigs and trying to earn as many points as possible by selling dammage waiver. I miss insurance Mondays. . .no worries. . .4 more days to go until FREE LOVE FRIDAY! YIPPIE!!!!!
And another high class response by GooglePts, who did nothing else in his career than washing rigs and collecting points. No wonder you pro left E for something better since you have a nice resume to present - washing rigs and collecting points.
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  #689 (permalink)  
Old 2005-10-31
Title: Senior Member
Rank: Failing Enterprise Management Trainee (100-199 Posts)
 
Join Date: 2005-10-15
Location: over here
Posts: 114
GooglePts has an average reputation (10+)
Default Re: Any GP45ers out there? Guess who

Quote:
Originally Posted by Unregistered
And another high class response by GooglePts, who did nothing else in his career than washing rigs and collecting points. No wonder you pro left E for something better since you have a nice resume to present - washing rigs and collecting points.
i love you.
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  #690 (permalink)  
Old 2005-10-31
Unregistered
Anonymous Coward
 
Posts: n/a
Default Re: Any GP45ers out there? Guess who

Quote:
Originally Posted by GooglePts
i love you.

you are a total ass hole... stop posting please
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