IBM Execs and forgoing raises... giving credit where due...
Category IBM/Lotus
As recently announced in the media, IBM execs are forgoing raises due to the disappointing financial results just recently released. Granted, when your income is already well into the six or seven digit range, raises can be ignored without too much financial pain. But still...
There are far too many examples of companies granting raises and huge bonuses to execs who have bankrupted the organization or mismanaged it to brink of existence. I'm pleased to see IBM execs treating themselves like rank and file employees would be treated if they turned in disappointing results in an annual review.
As recently announced in the media, IBM execs are forgoing raises due to the disappointing financial results just recently released. Granted, when your income is already well into the six or seven digit range, raises can be ignored without too much financial pain. But still...
There are far too many examples of companies granting raises and huge bonuses to execs who have bankrupted the organization or mismanaged it to brink of existence. I'm pleased to see IBM execs treating themselves like rank and file employees would be treated if they turned in disappointing results in an annual review.
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Posted by Carl At 09:05:12 On 27/04/2005 | - Website - |