Existing employees should read the annual report very closely.
Apparently the top 5 executives had their compensation plans reviewed and determined they were underpaid. They each received from 8.8% (Mr. Alesio) to 18.1% (Mr. Burke) salary increases. Not too shabby. How many people had to be flexed, excuse me, allowed to explore other opportunities to cover that? Meanwhile you less important employees should be thrilled you have the opportunity to get 3% raises if you totally go above and beyond the call of duty.
Additionally, you need to go all the way to the end of the report, buried on page 120, to read that they are also planning to flex an additional 300-350 people in 2008. Where exactly are they cutting that from?
$110 million to CSC and IBM to run their data centers. That certainly sounds cheaper than doing it yourself.
Keep up the good work D&B Execs. Customer sat is tanking and so is employee morale. Here's to another 125% bonus payout in 2008!!!
In regard to the stock price, you are absolutely correct it has done EXTREMELY well. I only wish I had sold it sooner.
No I am not a bitter former employee but I do know what makes a healthy business. The EPS and growth here is smoke and mirrrors. If the investment community really understsood how much brain power, data quality, and technology oversight have been eliminated at this supposedly technology driven data company they would be horrified. Think Lehman brothers, you can only fake it for so long.
I think its time to sell what I have left. The rust is starting to show through the paint.