That's a lot of work for $10M. And $10M is only the beginning of CCi's deep financial problems. Where are they going to come up with the roughly $360M to pay the debt that's due in the next 8 months? I can almost see those VPs sitting in the airport on a layover or two to save $25 from the direct flight cost.
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24668, yes. This does not affect them. Except they might have to leave the office a little late sometimes, waiting for this monitor to approve all our paycuts!
These cost saving measures are simply in place so that the top 7 - 8 can maintain their salaries
If you are going to get the prize for taking down a multi billion dollar company, it's first class and penthouse suites for the top prize winners! Those cuts are not for the big wigs. And they still have a closet full of personal toners as well!
Anonymous24656- Have to comply with the 90/10 rule!
They'll raise tuition of course!!
Mass layoffs for starters. This company is now officially and publicly limping along. It cannot last.
Nah, you're not going to see VPs on layovers. The per diem rules don't apply to them either, just the little people. If YOU have to sit in airports for 6 hours during a circuitous cross-country trip that takes you 15 hours, that's OK. Worth it to save the $50. A VP? Come ON!