After running SPELTD's boring misspelled tirades through the idiot-o-meter...it appears that he a:
low self esteem
loves when people suffer
(so that he knows he is not alone)
loves the word 'lying'
hates to see others do well
likes to be right about being 'dark'
generally the kind of person who walks into
a room and people say 'who left?'
The kind that hookers charge double for
because he is so distastelful (he has no
he lacks joy (unless it is related to misery)
go away...don't flame me unless you want to
The 'insider' info that I have is that the salary reductions were voluntary and allowed ADI to avoid layoffs. Sure sounds like a preferable solution to me.
No they wer not voluntary.
Yes it was to avoid layoffs.
Layoffs still happened and more to come.
Like I said, the future is bright. Severance packages will be minimized and we will be left by a lower cost work force. Invest in companies with shrewd management teams and you will be well rewarded.
> I think I've expressed this before but I can't help but notice the apparent complete ignorance of what it takes to run a business expressed in postings like those of 'broadband'. Order levels drop by 50% and the business adjusts by downsizing its staff. What a shocker! Who could have predicted it?
Layoffs are inevitable. What is important is that we end up with a lower cost work force.
I think I've expressed this before but I can't help but notice the apparent complete ignorance of what it takes to run a business expressed in postings like those of 'broadband'. Order levels drop by 50% and the business adjusts by downsizing its staff. What a shocker! Who could have predicted it?
How can a person this stupid ever hope to make money by investing?
ADI management is very shrewd.
First they get their employees to swallow a pay cut. Then they follow up with a layoff.
Why is this smart? Because this way they end up with the best of both worlds. The people shown the door leave at a lower salary, and therefore at lower severance package. Just as nice, the remaining work force costs considerably less.
Love this management team. Go Jerry!
Maybe you missed the previous post:
"On the question of pay cuts for the highest-paid employees, brought up by someone
else, this quotation is from ADI's 3rd-quarter announcement, dated 16 August:"
<Sales, marketing and G&A expenses have been reduced 22% from their peak as we
continued to aggressively manage expenses, which included eliminating bonuses,
reducing pay for the highest-paid 25% of our employees and taking actions throughout
the company to reduce discretionary expenses.>