One of the Atlas Crew shared with us this fantastic bit of Corporate correspondence from the past. I attach just the first (of two) pages below. Let’s pause a moment for you to scroll down and bask in its magnificence.
As background, in 1922 F.P. Summers was Purchasing Agent for Standard Oil Company, with offices at 260 Bush Street in San Francisco. There are just so many interesting aspects to this, it’s hard to know where to start. In no particular order:
- Yes, Purchasing always has, and always will, forever and ever, send department managers notes about profligate expenditures. If they didn’t there would be no need for Purchasing. Save those notes, carve out a special place in your Corporate folder, and 91 years from now some hardworking engineer will unearth it and marvel at the smallness of corporate priorities.
- The exorbitant $32.85 in pencils that the Bakersfield refinery ran through in 1922 is now worth a cool $455.51 according to the CPI calculator. Paltry compared with an Autocad upgrade, but honestly, that seems a little steep for a medium-sized refinery. One wonders where all the pencils went?
- On the one hand, it is good to know that the Bakersfield refinery pencil expenditures didn’t bankrupt the company before the Great Depression, so that it could grow to global prominence, change its name to Chevron, and report 2013 earnings of $21.4 billion. They can afford all the pencils they want now.
- On the other hand, maybe it is only because of F.P’s parsimonious management that the CEO now enjoys a seemingly permanent invitation to the World Economic Forum at Davos. If so, we must examine our minor line items if our strategic plans intend global domination.
- Office Boy!? Seriously, Office Boy? Wow. And I love how F.P. refers to that person as just “the boy.” What would a modern HR department make of that job title? The memos would just be flying back and forth. All potential efficiencies that Purchasing expects from “the boy” and his mobile pencil sharpening service would be consumed by lawsuits.
- Any savings not litigated into extinction would be necessary to replace the lost pencil sharpener because it’s nailed to a board and not bolted to the wall.
- Can you imagine interviewing for that job? “…And this is your pencil sharpening board…” I like to imagine “the boy” as an office-bound Gunga Din, but with a pencil sharpener instead of a water skin, bravely sharpening while the Engineers wear down their points in glorious battle.
I didn’t share with you Page 2, wherein F.P. offers pencil sharpening advice, task-based criteria for selection of proper hardness, praise for pencil holders, and a rather long discourse on “delivery wagon” drivers’ preference for the short stubs that, apparently, the wastrels in the Bakersfield refinery have been throwing away.
All in all, a delightful diversion for a cool and rainy afternoon. I hope that you all enjoyed this little bit of classic pettifoggery. Drop me a note in the Comments if you’re interested in having a copy of the whole document.