Foo Family Q1 Performance & Member Evaluations

Hi kids, glad you could all make it today. I would like to just get right to the point, since you all have to go off to school very soon (except one of you-- I'll get to that point later). I would just like to start off by saying, we had an good first quarter given the current environment. And by 'good', I mean not great. We set particular goals in December, which we came close to, but did not hit-- we did not reach gold. That said, we had some excellent performers, and some not so much. You may have heard rumors that there may be some stategic down-sizing to our family. And I am sad to say that these rumors are true.

I just want to remind all of you that your Mom and I love you all very much, and the decision to let go of any of our family members is part of a very long, difficult process. And as a part of our initiative to remain as transparent as possible, we would like to share with you our evaluation process. Essentially, we ranked our family members with the following matrix:

performance
^
|-----------|
|        |        |
|   2   |   1   |
|        |        |
|-----------|
|        |        |
|   4   |   3   |
|        |        |
------------> attitude (the "Foo way")

As you can see, you can be one of four possible family member types. Family member #1 is the best kind of member- you get results in academics, athletics, extracurriculars, and household responsibilities and you do it with the right attitude (a.k.a. the "Foo-way"). Family member #2 gets results, but does not do it the right way- sure, you may get good grades or do well in sports, but is not up to your real potential. It is our job to identify such individuals as soon as possible and talk with those individuals. Generally, we give only one warning for this type of member, then we let them go. Family member #3 does not get results, but is trying to the best of his/her ability and shows potential for being a type 1 member. It is our job to help these individuals get to #1 and not fall into #4. Family member #4 does not belong in our family (no results, wrong attitude), and is let go immediately (generally this happens organically). Here are this quarter's rankings:

1st Daughter: #3
1st Son: #2
2nd Daughter: #1
2nd Son: #3
Dog: #1

In our Q4 meeting last year, I said if we do not reach our set goals for Q1 2009, we will not be giving out allowance bonuses. However, your Mom and I agreed that we are willing to make exceptions to our #1 members for this quarter. All #1 members this quarter will receive an extra $100 in allowance, prime time remote control priveleges for certain days of the week, front-seat priveleges, and participation in the summer vacation planning committee. For our #3 members, keep up the hard work- you are on your way to being #1's. For those who are neither #1 or #3's, we appreciate your time and effort in the past, but tough times call for tough measures. Please begin to pack your belongings, your Mom and I will get in contact with you shortly.

Thank you for your time,
Brian, Co-Director of the Foo Family