$80,000 for a Year Off? She’ll Take It! (article) : Off Topic Discussions and Everything Else
Check GMAT Club App Tracker for the Latest School Decision Releases http://gmatclub.com/AppTrack

It is currently 06 Dec 2016, 10:45
GMAT Club Tests

Close

GMAT Club Daily Prep

Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track
Your Progress

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

Not interested in getting valuable practice questions and articles delivered to your email? No problem, unsubscribe here.

Close

Request Expert Reply

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

$80,000 for a Year Off? She’ll Take It! (article)

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
SVP
SVP
User avatar
Joined: 04 Dec 2007
Posts: 1689
Schools: Kellogg '11
Followers: 14

Kudos [?]: 198 [0], given: 31

$80,000 for a Year Off? She’ll Take It! (article) [#permalink]

Show Tags

New post 13 Apr 2009, 07:57
Interesting article.

Quote:
Only in a financial world turned upside down would an arrangement like this one make sense. Looking to cut costs like everyone else, but not prepared to lay off employees, Skadden has chosen instead to offer all of its associates — about 1,300 worldwide — the option of accepting a third of their base pay to not show up for work for a year.


That could be kindof awesome.

http://www.nytimes.com/2009/04/13/nyregion/13bigcity.html?em
SVP
SVP
avatar
Joined: 05 Aug 2007
Posts: 1502
Schools: NYU Stern '11
Followers: 15

Kudos [?]: 211 [0], given: 22

Re: $80,000 for a Year Off? She’ll Take It! (article) [#permalink]

Show Tags

New post 13 Apr 2009, 08:28
In addition to a third of their base salary, these folks also get to keep their health insurance fully paid by the firm, as well as up to $12,000 a year to meet student loan payments.

A good deal, perhaps, but only for senior lawyers with solid work experience behind them who were looking to transition out of law firm life anyway. It's a bit to hard to be out of the picture for a year, and then come back after chilling out in Asia or wherever and expect to get the same quality of work as someone who chose to stick it out.
VP
VP
User avatar
Joined: 09 Dec 2008
Posts: 1221
Schools: Kellogg Class of 2011
Followers: 21

Kudos [?]: 243 [0], given: 17

Re: $80,000 for a Year Off? She’ll Take It! (article) [#permalink]

Show Tags

New post 14 Apr 2009, 03:19
True solaris1, but given the choice between $80k + health insurance + student loan payments or the unemployment line, the former is a pretty good deal.
_________________

GMAT Club Premium Membership - big benefits and savings

Re: $80,000 for a Year Off? She’ll Take It! (article)   [#permalink] 14 Apr 2009, 03:19
    Similar topics Author Replies Last post
Similar
Topics:
Experts publish their posts in the topic Along With Jobs, Laid-Off Lose Photos, Emails (Article) Jerz 8 30 Apr 2009, 04:57
Article: Breaking the banking oligarchy Toubab 0 31 Mar 2009, 11:45
Barclays tax claims (article) isa 8 26 Mar 2009, 09:33
The End of Wall Street - article isa 3 02 Jan 2009, 18:11
funny article isa 2 03 Dec 2008, 10:19
Display posts from previous: Sort by

$80,000 for a Year Off? She’ll Take It! (article)

  new topic post reply Question banks Downloads My Bookmarks Reviews Important topics  


GMAT Club MBA Forum Home| About| Terms and Conditions| GMAT Club Rules| Contact| Sitemap

Powered by phpBB © phpBB Group and phpBB SEO

Kindly note that the GMAT® test is a registered trademark of the Graduate Management Admission Council®, and this site has neither been reviewed nor endorsed by GMAC®.