Why is it that the most loyal, most intelligent, most educated and most productive employees get axed? I just don't get it. You fire 15-20 year employees who have basically surrended their lives to this company and end up having to replace them and when you do you hire idiots. Is it that you can rehire them for less money? The 15-20 year employees weren't exactly raking in the doe! So what is the rationale? Is it just plain stupidity on the part of management? I'm not talking about the retail stores either--I'm talking about the distribution centers.
>>>>Yes,from what I was told in the scam some in merchandising supposively to doctored up the numbers to get more rebate money from the vendor.I heard the vendor caught the discrepancy and brought it to management's attention.
Not sure how "the" vendor resulted in the fring of merchants from technology, office products and furniture. Was nobody in charge?
Yes,from what I was told in the scam some in merchandising supposively to doctored up the numbers to get more rebate money from the vendor.I heard the vendor caught the discrepancy and brought it to management's attention.This was referred to in most articles as "accounting scandal",though I am not sure anyone in accounting did any dirty work.
>>>>The rebate scam was nothing? Then why were X number of people fired(more should have been).
Rebate scam? You mean the "accounting scandal" with nobody in accounting being fired? Merchandising was responsible....up to the second floor of course.
Oh, don't worry, I'm taking the money and running if I ever GET MY DATE!!! Which they are taking their good old sweet time with. You're right, taking the money and running is the best strategy, especially if you've been here awhile and have racked up some nice severance. (P.S. I'll be spending this summer on my boat...)
The rebate scam was nothing? Then why were X number of people fired(more should have been).Didn't the chief executive of OMX resign at least partially due to this,even though he probably was not directly involved. I also heard that it may have involved that "little" company on the west coast that makes software and happens to be the company run by the richest man in America. If that is true,that is messing with the big boys,which is not good for OMX.It also hurt the integrity of the company in the minds of vendors,the public.and employees.Maybe the $ were not huge in the big picture,but it was a huge loss of integrity for OMX.
All true, but the investors and the people in Shaker have called the Board's bluff. The good people in Shaker have no reason to bet their careers on a move to Naperville. There's no vision, no direction, and to be perfectly honest, no qualified leadership.