re: WorldCom Bonuses Brew Controversy I got talking to a girl in a bar a few weeks ago who, it transpired, works for WorldCom as a project manager. "Things must be prety bad there right now." said I (stating the bloody obvious.) The response did shock me though, apparently getting ANY purchase signed off at the moment is so difficult that the presence of toilet paper in the office wash rooms cannot be relied upon, consequently the female staff have resorted to taking their own.
And now they're talking about bonuses?!! When *exactly* do this lot intend to stop taking the piss?
re: WorldCom Bonuses Brew ControversySay Worldcom decided not to pay the bonuses and the top executives decided to leave. Where would they go? Who would hire them?
re: WorldCom Bonuses Brew Controversy25% Dec 1st 25% Mar 31st 50% 60 Days after emerging from bankruptcy
Gimme a break. The company is buying an option on these employees. What are the odds these folks will be laid off before the last 50% is paid out? Does WCOM have the cash flow to pay the first or second phase of the bonus - along with all of its other obligations to creditors?
Don't these employees become liabilities (layoff targets?) because of their personal 'bonus due' entry on the balance sheet?
....or do the bonusses allow a reasonable person to infer their employment stability through the 60-day period following emergence from bankruptcy? If the implication is not founded, then are the bonuses possibly fodder for illusory promise? Does WCOM really intend to pay the bonus, or merely to entice 325 of their finest to stay for a lottery-chance at HALF of their bonus?
Time to put your engineer's thinking cap back on and get real skeptical.
re: WorldCom Bonuses Brew ControversyArticle Quote: GÇ£The purpose of the program is to help retain employees in mission-critical positions and to boost employee moral,GÇ¥ says Hassett. __________________________________________________
A 'moral boost' would indeed help. A 'morale boost', espcially the means employed to achieve one, are questionable.
re: WorldCom Bonuses Brew Controversy"According to the anonymous source, WorldCom is facing potential massive flight by many upper executives who donGÇÖt want to deal with the stress of working for a bankrupt company. Others are considering leaving due to the difficulties connected with consolidated office space, the source says" STRESS of working? OFFICE too small? Give me a break! Let all the scumbags find another source of income. If they were so loyal to WC in the good times, why not stick around now?
What is the purpose of the big salaries then? Fire their A&^!!
re: WorldCom Bonuses Brew Controversy According to the anonymous source, WorldCom is facing potential massive flight by many upper executives who donGÇÖt want to deal with the stress of working for a bankrupt company.
Let's see how they like the stress of dealing with the key customer issues at their only other likely source of employment, issues like "should I super-size that for you?", "would you like fries with that?",....
re: WorldCom Bonuses Brew ControversyFollowing on from moral vs morale ...
GÇ£This is a moot issue,GÇ¥ she says. GÇ£WorldCom is taking care of those who were with the company and is trying to incent [sic] others in mission-critical positions to stay with the company.GÇ¥
I'm with the remedial group ... why is "incent" a problem in this context apart from seeking to make the spokesperson look below average intelligence? The American Heritage Dictionary has this example:
Incent:Verb:To incentivize: GÇ£would use tax breaks to incent corporations to invest in their futureGÇ¥: back formation of incentive.
As a follow-on, the Columbia Guide to Standard American English has this description of [sic]...
"Americans pronounce this Latin word (meaning GÇ£thusGÇ¥) to rhyme with either sick or seek, and use it mainly to dissociate themselves from errors in a text theyGÇÖre quoting........ This use of sic may be defensive, but its overuse is offensive (nor does a following exclamation point help matters); in typographical and other truly minor matters itGÇÖs usually better quietly to correct the original."
With apologies for any grammatical/spelling/usage errors in the above!
re: WorldCom Bonuses Brew ControversyFor all of the employees who went without merit pay increases in 2001, while corporate jets were being leased for $1 per month, for all employees who lost thousands in 401K investments, because they were foolish enough to believe company numbers and invest at least the matching amount in company stock, THIS IS SIMPLY WRONG.
You can rest assured that some of these top 325 employees are the cause of the problems here. While they may not be criminally responsible, like Scotty & Co., they were executives that encouraged a corrupt Mississippi corporate culture that worshiped and rewarded fake, bogus, and inflated sales numbers. This was a once proud company, but it needs to be cleaned out from the top. Roughly 500,000 workers have been laid off in the past two years from telcom and telcom related industries. Are we to believe that we can't attract talented people with top dollar offers if the current crop of inept WorldCom execs are NOT given retention bonuses???????
Sorry about venting. Had to get that off my chest. Hopefully the BK judge will turn the request down.
I got talking to a girl in a bar a few weeks ago who, it transpired, works for WorldCom as a project manager. "Things must be prety bad there right now." said I (stating the bloody obvious.) The response did shock me though, apparently getting ANY purchase signed off at the moment is so difficult that the presence of toilet paper in the office wash rooms cannot be relied upon, consequently the female staff have resorted to taking their own.
And now they're talking about bonuses?!! When *exactly* do this lot intend to stop taking the piss?