GV,
re: Anyone who wants to quit over the next two weeks will get paid more than a year's salary plus a percentage of Y2K bonus.
If you don't quit over the next two weeks, management is saying that you're fair game to be fired if enough people don't quit.
The problem with that, is that you can lose your best employee's. They can take the year salary, take a year off or get a new job and get paid double. It's the folks that may be marginal in performance that won't want to leave, because their prospects might not be as good.
When I was younger, I had a friend that was CEO of a large privately held company. The economy, at the time was great. We were talking about the future, and he said that if we went into a recession, he had a list of every employee he would lay off, immediately. I was pretty naive, I thought this was tremendously cruel.
Now, as a stockholder, I hope all of my companies have the same type of list. From an investor perspective.
John |
