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Landauer Inc. Message Board

  • habitsowner habitsowner Jun 16, 2014 2:34 PM Flag

    Is there no one home here but me?

    Hello?????

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    • This may sound like a bitter rant from a former employee, but it is the truth.

      I worked in the accounting department (entry-level) while I was in grad school seeking an MBA/MSA. The Accounting Manager was a control freak who was what would be described as a revenue killer. The staff accountant who worked underneath him had no degree whatsoever and after serving as the staff accountant for 10 years it was determined that person could not reconcile bank statements. The staff accountant was completely unqualified and many of her duties were taken over by another individual whom confided in me that they had D’s on their college accounting transcript. But eventually, I was let go and the staff accountant with no credentials and lacking in fundamental skills like reconciliation became the treasurer. Obviously, it was nepotism but seriously this company runs on nepotism and certain positions cannot be based upon nepotism. The insecure staff accountant did everything in that person’s power to make certain that I did not shine in any fashion, including crying/pleading that I not work on any significant projects.

      The accounting manager would call me “college boy” in a negative fashion as if to say I was too smart for the department. Is having an education in accounting while working in the accounting department a bad thing now?

      Once again, I know this post is just a rant and that I can only speak of my department which did work closely with the controller and CFO, but a once healthy company with a solid business model has crumbled in a very short time. Perhaps Landauer needs to revamp their structure and hire more competent people.

    • Been checking for a long time. This company really screwed up. They used to have no debt and solid prospects. Then the nuclear incident and a foolish acquisition and here we are. Couldn't help the first but someone should pay for the stupidity.

      • 1 Reply to phantasm08037
      • Totally agree. Not sure how the CEO continues to get a free pass. Computer 'update' that costs tens of millions of dollars....then another 60+million in write-offs. The company can barely continue to pay the debt service and the dividend. If sales/margins decrease and/or the borrowing rate increases this company is going to show loss after loss (each quarter). Frankly, have no idea how they are still getting the current valuation. Nearly 400MM market cap on a company that has falling margins, decent amount of debt and shareholders that expect a constant dividend.

 
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