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Strategies & Market Trends : Fidelity Funds -- Ignore unavailable to you. Want to Upgrade?

To: Julius Wong who wrote (3738)	1/15/2006 8:32:16 AM
From: shades	Read Replies (1) \| Respond to of 11457

Here is what one of my old co-workers at IBM just said on slashdot: Some things that happened to me as an IBMer in the last few years: 1. Tuition reimbursement cut 2. Personal utilization target increased from 70% to 75% to 80% to 85%. Probably 90% this year. 3. Benefits cut 4. Salary cut 5. Pension plan cut as of 2008 6. Employee stock purchase program cut 7. Comission payouts cut 8. "Variable pay" cut 9. No such thing as a 40 hour week anymore to meet item 2. 10. Training reduced to bare minimum. Takes god's approval to go to any external class. 11. Number of manageres steadily increased. I have at least seven managers. 12. Silent layoffs, 2-3 times a year. I was watching steve forbes yesterday and he says pension cuts are great and IBM is going to lead the way for the rest of corporate america and unleash all the employees onto wall street to invest on their own. What do you think Julius - are you with Steve Forbes and think this is G-G-G-GREAT!?