..."But Mr. Combes will also have a shot at something departing chief Ben Verwaayen didn't: a severance package at the event he's booted out as part of a strategic shift..."
PAY ATTENTION: "strategic shift"- That means BANKRUPTCY REORGANIZATION!
The complete quote which you have conveniently omitted is,
“But Mr. Combes will also have a shot at something departing chief Ben Verwaayen didn't: a severance package in the event he's booted out as part of a strategic shift or the SALE OF THE COMPANY, according to compensation details the company disclosed Thursday.
Now, isn’t it odd that the same report also says,
"Mr. Combes's severance package, which would pay him a full year's salary, comes with a big string attached. In order for Mr. Combes to qualify for the payout, Alcatel-Lucent must post positive free cash flow for one full fiscal year under his watch." -total telecom”
So, your argument of equating the “strategic shift” to a bankruptcy where Combes collects his severance pay wouldn’t make any sense given that Combes is required to have 4 contiguous quarters of positive cash flow to qualify for a severance pay. The strategic shift they are referring to is a “merger” and if it does happen it will be at least 2 years from today because Combes’ contract requires 1 full fiscal year of positive cash flow.
Meredith...I like what you say. I only wish I could understand any of it. I have a friend that has severe OCD and attention span disorder. Your ramblings are the same. Now please desipher every post you ever made so I can understand them better...
Looks like you have hallucinations due to cabin fever.. Are youy shades deran down ... The alu police are outside your house right now .. Oh no thats a snowman across the street .. Are your fingers burned from the crack pipe or what
The smooth sailing for ALU is over and it is time to get ready for some rally rough times and intense competition.
Alcatel-Lucent desperately needs to cut costs and increase revenue. The company cannot carry on in the current condition for long. I believe Combes has the ability to successfully carry out his strategies if given time and proper support. The competition is intense in the market; however, due to increasing demand for data services and networking equipment, there is also attractive opportunity available. Alcatel-Lucent shareholders will have to be patient and see what the new leadership has in mind. If Combes is able to present a clear plan and implements it successfully; Alcatel-Lucent might reach its previous heights.
And, why are you here for? To help us lose money?
ITS real, Combes is stimulated to bring the Company in BANKRUPTCY! He will get severance package, what does he have to worry about?
That is the reason why Ben did not wanted to file for BK. He did not have that option. Therefore, the Board is getting new CEO and gives him the option to get severance package in the case BK is filed. DO YOU SEE IT, NOW???
IF it reaches 1.44 I am out taking profit of 3000. Limit sale order for 30000 shares is in place.