Find all School-related info fast with the new School-Specific MBA Forum

It is currently 17 Sep 2014, 08:15

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.

Events & Promotions

Events & Promotions in June
Open Detailed Calendar

Strange things a-brew at work (previously "my cfo's pay")

  Question banks Downloads My Bookmarks Reviews Important topics  
Author Message
GMAT Club Legend
GMAT Club Legend
avatar
Affiliations: HHonors Diamond, BGS Honor Society
Joined: 05 Apr 2006
Posts: 5925
Schools: Chicago (Booth) - Class of 2009
GMAT 1: 730 Q45 V45
WE: Business Development (Consumer Products)
Followers: 255

Kudos [?]: 1545 [0], given: 7

GMAT Tests User Premium Member
Re: Strange things a-brew at work (previously "my cfo's pay") [#permalink] New post 09 Jun 2008, 05:20
I love this thread.
Manager
Manager
User avatar
Joined: 30 Jul 2007
Posts: 158
Followers: 4

Kudos [?]: 18 [0], given: 0

Re: Strange things a-brew at work (previously "my cfo's pay") [#permalink] New post 08 Aug 2008, 14:29
interesting thread. one of the reasons why high level execs get paid what they do when they leave is to enforce separation contracts.

for example, if you're a relatively small company (and 150 people is not a large company) in a small industry, even having a few disgruntled employees who are very vocal can negatively impact your company. for example, let's say you were talking about a merger with google only to have google do some background checks on your company and they find that the ex-CFO is saying bad things about you. it could cost the company much more than the ~$35k that they paid him to keep him happy.

OTOH, for most lower level employees, they usually don't have enough of a reputation in the industry for it to really matter.

i've had many of these types of situations happen and every single time i've had to give away a lot of money, the employee did not deserve it. it was simply due to threats that the employee made against the company. the easiest thing is for me is to stick to my principles and say "i don't take kindly to threats. bye." but later on if the ex-employee does cause trouble, i have to answer to our board of directors who can care less about my ego or my principles. in addition, if the employee decides to sue the company (they really can sue for literally anything...."i didn't get my coffee breaks", "i didn't get to go out to lunch enough", etc.), it will cost me a lot more than $35k to fight it.

there are 2 sides to every story...

RVD.
_________________

My Wharton Blog - http://www.whartonblog.com
Wharton MBA for Executives Ambassador - http://gmatclub.com/forum/128-t66295
My Story - http://gmatclub.com/forum/102-t49770

Senior Manager
Senior Manager
User avatar
Joined: 23 Jan 2008
Posts: 498
Followers: 1

Kudos [?]: 51 [0], given: 0

GMAT Tests User
Re: Strange things a-brew at work (previously "my cfo's pay") [#permalink] New post 11 Aug 2008, 20:12
Yeah, thats all true. Still sucks that I get f-ed in the deal =) In fact, I would say that if it was some industry reputation thing (a.k.a. some soft form of "blackmail") then it makes it even worse. Screw em all.

In other words RVD - you made my point. :-D
Re: Strange things a-brew at work (previously "my cfo's pay")   [#permalink] 11 Aug 2008, 20:12
    Similar topics Author Replies Last post
Similar
Topics:
1 2 strange Quants questions on my GMATPrep test...... darylyip 3 12 May 2014, 03:46
GMATPrep - how does this thing work? abhicoolmax 4 24 Jul 2011, 11:14
2 Hard work pays off ingoditrust 21 18 Aug 2010, 12:36
2 Experts publish their posts in the topic Strange thing happended to me while doing gmatprep mandb 8 13 May 2009, 17:32
strange things are happening ankitraheja 2 10 Sep 2005, 19:56
Display posts from previous: Sort by

Strange things a-brew at work (previously "my cfo's pay")

  Question banks Downloads My Bookmarks Reviews Important topics  

Go to page   Previous    1   2   [ 23 posts ] 



GMAT Club MBA Forum Home| About| Privacy Policy| 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®.