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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.

6 of 186 comments (clear)

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

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

    tcd004

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

    Golden parachute.

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  4. 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.

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

    For gods sake, don't accept a cheque!

  6. 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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