FiveFingerDiscount.com?

phillippaxton writes: "According to this link, dot-bomb victims are creating their own severance packages, no doubt walking away with the typical office tchotchkes (staplers, tape dispensers, etc.) but also big ticket items such as plush furniture, copiers, high-powered network servers, etc. One anecdote cites someone who lifted $445,549 of equipment, then tried to sell it on eBay as a company liquidating their assets." On the other hand, the fact that it's illegal to stiff your employees out of wages due them, even in a bankruptcy, isn't mentioned in the article...

Comments

If the company is so broke...

[Johnny5000]

If they company is too broke to pay the employee wages, then they should be liquidating the equipment themselves, and using it to pay the employees. Or at least find a place for the money to come from. The workers have to eat. I've got no problem with someone taking matters into their own hands if the employer isnt paying them.

Reminds me of a story:

There was this coffeeshop where the owner was really bad at paying the employees on time. So the employees started taking their wages out of the register, and leave a note about how much they took.

Pretty soon they were always paid on time.

The moral of the story: if you want loyal employees, dont treat them like shit. And if you treat them like shit, dont be surprised when little acts of sabotage start happening.

-J5K

Death March Projects

[scoove]

So some companies can also get used to people producing at maxed out levels of production.

I just came out of a Death March culture/company. 2.8 years of ever increasing fantasy expectations (what they wanted us to do) combined with ever decreasing fulfillment of contractual obligations (what they did with respect to their contracts to their employees).

Vacation became regarded early on as "theft from the company" - and was denied. Taking a sick day was regarded with significant suspicion.

Performance incentives (rewards for completing impossible death march projects) were tossed out - and amazingly, the teams would nail them. At the last second, the company's controller would interfer with one of the last steps (like authorizing a leased line to be ordered) and wala... the team would miss the deadline by hours and lose the bonus. Typical 'Lucy taking the football away' behavior.

Then salaries were reduced by 25% "to make the business plan look better to investors" (while senior management still drove leased bullet-proof mercedes, lotuses, ferarris and such) with the 25% to be paid at year end as a balloon payment (don't ever try this, friends!). Except guess what never showed up at year end? Then that was used to string you along to stay at the company - sort of a reverse option: "Quit and you'll never see the $50K+ we owe you!"

Then payroll started slipping. Most of the sane left then. Those who stayed worked for several months without paychecks - buying the promises of great riches. They got booted finally - firing the entire technology office in another part of the country without leaving anyone to control the assets. Their plan? Threaten the just-fired employees to work for free and inventory and package up the goods for shipping, or be accused of stealing anything that goes missing. "If you don't come in next week and ship it to us and something is missing, you know who the investigators will believe kept it."

Many of the former employees held onto items for collateral. Can you blame them? "Pay up the cash you owe and we'll release the equipment back to you." In the various colo centers the company used, the colo venders are using the same approach with respect to getting the past-due bills paid: pay us and we release your equipment.

So what's wrong with this?

*scoove*