Here’s something we are going to give a try. Twice a week, using the message board, a thread will be created to run a straw poll. This is the idea of one of the comment moderators.
100% of People who took the Sunday 1 week Poll said that the 6 weeks per year was a fair package but 80% said that capping it @ 52 weeks was not fair, if you are in Dell 8.5 years or less you are getting what you are entitled to but for those loyal employees who helped Michael Dell turn his company into a $13.59 billion enterprise (as of 15 Jan 09) and stuck with him for 8.5 years or more you actually lose 2 weeks redundancy per year,
But not all Dell employees have been screwed by Michael Dell
On December 31, 2008, the Company announced that Mr. Michael R. Cannon, President, Global Operations, will be leaving Dell. His departure date will be January 31, 2009. Under the terms of this agreement, Mr. Cannon will receive a cash severance payment of $10 million with $5 million to be paid on or before February 20, 2009, $2.5 million to be paid on or before April 20, 2009, and $2.5 million to be paid on or before July 31, 2009. Dell will retain Mr. Cannon to serve as a consultant to the Company. The Company shall pay Mr. Cannon a consulting fee of $1.5 million to be paid within 15 days of January 31, 2010
Now Michael Dell cant/wont pay his long term loyal employees of 8.5 year or more a redundancy package for what they are worth/entitled to, but he will pay an employee who has worked for him for 2 years a redundancy package of $10 million. Sean Corkery said on newstalk that capping the redundancy is the normal practice, can anyone name any company in the mid-west that has capped a redundancy package in the last 10 years in the med west because I can’t.
Current poll: Will the Regeneration Project go ahead?