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r/malicious compliance- Want to start production without the Letter of Credit? #letsredd #longstory
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r/malicious compliance- Want to start production without the Letter of Credit?
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My GM forced me to start Production without a letter of credit, I did, which cost the company $640K!
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In the mid-90s, I secured a massive $640K order for metering pumps in India, with strict instructions not to start production without a Letter of Credit (L/C). Despite my warnings, our GM, eager for year-end bonuses, pushed Manufacturing to begin production. The pumps had a unique 105-degree mount, making them non-standard. When the L/C never arrived, the company was stuck with $640K in unsellable inventory, and the GM caught hell from corporate. Months later, I found a buyer for the pumps, but got no credit. Frustrated with management’s greed and incompetence, I left the company soon after. The malicious compliance? They wanted to start production—so we let them, and they paid the price.
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#redditstories #maliciouscompliance #letsredd #revengeredditstories #malicious #revengestorys #longstory
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