My son works for Dell. Two days ago, Dell rolled it's new compensation plan to employees. In Public, on HR generalist's exact words were to the inside sales team were, "People need to stop looking at commissions as part of their salary and look at it as a bonus instead."
Can you say, "idiot." HR like this is a clear sign for everyone to get exit now. No motivation. Nothing to look forward to. No passion. The soul of Dell has died. That is no joke. Managers were told by Regional Sales Managers told inside sales managers they fought against the comp change but they could do nothing about it. RSM's told inside managers that would not be happy with the new plan and that many of their inside reps would probably leave..they even suggested that some of the inside managers they were speaking to would probably leave.
What a disaster. Although, the comp plan rolls to inside sales, field sales, and management, Dell continues to go down the path of Gateway at this pace. If you can't motivate your employees, it will come back in sales and customer allegiance.
A new Area VP for Healthcare, Ed G. came on board last week and offered a nice token gesture..anyone with a deal over $800,000 would get a $25 coffee gift card. He sure earned a lot of credibility with that team. Not. The reps felt spit on. Can't blame them.
I told my son to leave as fast as he can. The worst part is that Dell no longer paid, "salary" but a draw. If you did not hit a certain attainment, you literally had to pay Dell back! Nice.
I told my son to leave as fast as he can. The worst part is that Dell no longer paid, "salary" but a draw. If you did not hit a certain attainment, you literally had to pay Dell back! Nice. Rating :
(14 Ratings) THIS IS GREAT NEWS ! When EMP bitch the bottom line gets better ! You dumb ass ! Your complaining in the wrong plce. Cut costs , cut commissions, cut wages !
Yes, I know how the ESPP works and about dollar cost averaging. And you are correct, employees could have bought in high-teens. And if Dell ever does hit $30 again, employees would benefit. And I do think Dell is a good, solid, profitable company. The problem is that for various reasons such as the book-cooking, the tenure of Carly Rollins, the inept BofD, Wall Street has tossed this baby into the trash heep. Dell has dropped in half from $40 to $20, and there is no reason to believe that it will not drop in half again from $20 to $10. The trend is your friend, and that's the trend. If that happens, then employees are better off without the ESPP.
Actually DELL employees would have purchased shares closer to $17/share (this period). You buy at regular intervals whether the stock is up or down. It's called dollar cost averaging. But, I suppose you know this. Some of your posts seem to indicate that DELL will enjoy some of the double digit growth their acquisitions are experiencing. If that's the case, what's wrong with buying DELL if it does hit $10. The ESPP move will only save the company money, not the employees.
Why we he con't to aquire companies, if he is going to sell?
Dell is finally getting away from being a "box pusher" and expanding it's offerings. I don't see a For Sale sign going up any time soon.
And did any stop to think that the stock is down, because the market is down and we are headed for a recession? No one seems ot talk about how much VMWare and some other Tech companies lately.
> yeah, shareholders didn't make a dime off Dell...
That is right. Dell doesn't care about its share holders. It won't even tell them the details about the fraud it committed or what the Dell ver 2.0 plan is. They are totally non-transparent.
And if you want to play the chart game, tell me Dell is looking out for its share holders:
...and as the single largest individual shareholder of DELL, and with his last name "on the building" (as he is so stupidly noted as saying) he's not interested in selling this troubled company. But, in 24-36 months of flat revenues, compressed margins, and employee defections (amounting essentially to a failed turnaround plan), he may listen to offers. 2010 buyout price prediction: $12.50. Oh, and did I mention the forgettable Super Bowl ad? What a waste of a few million $$.