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WorldCom Wins $25M Bonus Judgement

Posted by ryuzaki0 on from the pennies-from-heaven dept.

tekBuddha writes "According to this article at CNN.com WorldCom has won a suit allowing them to pay $25 million in bonuses to certain 'key employees' that are necessary for their re-organization." They hope to be out of bankruptcy protection by mid-2003. Hopefully this will help them retain important members of their sales and service teams.

17 of 186 comments (clear)

  1. Heh by SexyKellyOsbourne · · Score: 3, Funny

    It's nothing less than legalized robbery.

  2. This was funny the first time it happened by docstrange · · Score: 5, Funny

    .....when the company was called Enron. And the bonuses were awarded BEFORE the bankrupcy was filed.

    --
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  3. Well....... by eclectro · · Score: 4, Funny

    Hopefully this will help them retain important members of their sales and service teams

    One can always hope, can't they???

    --
    Take the cheese to sickbay, the doctor should see it as soon as possible - B'Elanna Torres, "Learning Curve"
  4. WorldCom's business plan by squidinkcalligraphy · · Score: 1, Funny

    1. Pay millions to executives
    2. ????
    3. PROFIT!!!

    --
    "I think it would be a good idea" Gandhi, on Western Civilisation
    1. Re:WorldCom's business plan by a_borowski · · Score: 2, Funny

      You forgot part 2:

      2. Pray for a miriacle

  5. Sales and service? by tcd004 · · Score: 5, Funny

    I called them the other day and this was all I heard.

    tcd004

  6. Two words by dido · · Score: 5, Funny

    Golden parachute.

    --
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    1. Re:Two words by Genyin · · Score: 2, Funny
      Golden parachute.
      Yeah. Imagine dropping the execs out of a plane with a (preferrably thick) golden parachute.

      ... *splat*
  7. They probably found it with my car keys... by mbogosian · · Score: 4, Funny

    After filing for bankruptcy, the company admitted finding another $3.8 billion in accounting errors....

    So that's where that other 3.8 billion went! And I thought for sure it got lost when they moved last time. It's nice to see that turn up; I was going to call the moving company and complain....

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    moto411.com
  8. Sounds like dogbert by twoslice · · Score: 3, Funny

    was up to no good at Worldcom...

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    From excellent karma to terible karma with a single +5 funny post...
  9. Re:Thats Almost $77,000 Per Employee! by MalleusEBHC · · Score: 5, Funny

    That would only be if it were divided evenly. Most likely anyone with a three letter acronym for a title that begins with a 'C' will see at least a million of that per person and there rest of the service staff will get to bend over and take one for the company.

    Ok, say for sake of discussion the top 20 guys take a million apiece, thus leaving $5 million for 300 people. That's nearly $17k per person. If that's bending over for the company, let me be the first one to grab my ankles.

  10. Re:Thats Almost $77,000 Per Employee! by Cruciform · · Score: 5, Funny

    For gods sake, don't accept a cheque!

  11. So let me make sure I have this clear... by tlambert · · Score: 3, Funny

    So let me make sure I have this clear...

    This is to guarantee that the bankruptcy doesn't interfere with them calling to ask me to "please switch your long distance service to our bankrupt company" during dinner, while I'm in the shower, or in the middle of having sex.

    With all that going for it, who could possibly criticize the bonus plan...

    -- Terry

  12. Breakdown of 325 Employees by panaceaa · · Score: 5, Funny
    Here's the breakdown of the 325 affected employees:
    • 10 Ugly People for MCI Neighborhood commercials
    • 1 WorldCom Guy to ride around office on mini-scooter
    • 1 Michael Jordan to continue MCI 5-cent Sunday commercials with Donald Duck
    • 10 UUNet people to help spammers contribute to Usenet
    • 303 Telemarketers
    Without these key positions, how could WorldCom possibly go on as a going concern?!
    --
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  13. Ow! My brain!!! by NeuroManson · · Score: 4, Funny

    First Slashdot say Worldcom bad, then Worldcom good, then Worldcom bad! Frankenstein's head hurt! Slashdot BAD!!!

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    Just because you can mod me down, doesn't mean you're right. Shoes for industry!
  14. Sure, but on their books by jmcwork · · Score: 4, Funny

    this shows up as a 1.7 billion dollar capital expenditure for "Snacks".

  15. Which employess again... by nimr0d · · Score: 2, Funny

    I wonder if any of those Key Employees getting the bonuses were in the last edition of Playboy...

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