Help! My boss is nuts: Money-waster

May 17, 2007, 2:31 PM UTC
Fortune

In their own words, Stanleybing.com readers talk about the bullies, narcissists and other crazy bosses they spend their working days with.

A reader from Atlanta writes:

My position was the IT Asset Manager. I earned $85K per year. Through negotiations I either saved (and through cost avoidance) the company $8 Million per year out of a $20 Million budget.

My former boss came in to say he wanted a company brought in that would charge up front $150K and would deliver $300K in savings. After the initial savings, they would be paid 40% of the savings they delivered.

I said “I am very underpaid”. I then presented a plan to hire me to do the same thing at a cost of 5%, or increase my salary to $150K per year.

I was let go because they felt I was trying to blackmail them. They would prefer to pay an outside company up to $3.2 Million for the same benefits I brought.

What do you think? Is this boss crazy?