So I was just sitting here thinking.. Did they move the stock together to October in order to avoid paying them out for a Rif that is planned?
Full disclosure I am not aware of how the payouts for the big Rif worked. Did they accelerate all stock together grants and pay them out?
Why else would this have been moved to October?
Thanks in advance. Hope everyone is surviving out there.
Yes, there’s a strategic plan to move as many payables to Q4, or later, as possible. STI, LTI’s, vendor payments etc. Similar to what AT&T did a few years ago. They’re taking loans to pay our large network vendors so our Q1, Q2 & Q3 balance sheet looked better. Eventually loans need to be paid but by then Dan and Co. will be paid and most likely gone.
Birds of a feather Stock Together
Jomo! I am grateful to use my vacation time to rest and recharge as I post daily about my vacation time resting to congratulate myself on my achievements.
Yes they accelerated stock together for the October rif and paid out all remaining / unvested grants
@aq BINGO, I was saving my PTO in case I get Riff’d and now I’m going to have to use it because I’m maxed out AND it would not get paid out anyways 😒 since it’s well over the 125% for next year.
Same reason that PTO carryover was reduced to 125%. It's not because they are interested in people taking time off. It's to get all that money off the books. If they don't have to pay it out, it's not a debt...
If they can avoid granting stock to a larger number of employees, it reduces their debt.
@OP Short answer - Yes.
Of course they did.
@a3 That I will do. Unless I am Rif’d lol. Then Ill get my answer lmao.
@OP So sit and think about it till October, then let us know
Yes. The answer is yes.
Giving these clowns WAY to much credit....