I worked at MCI when they were being courted by BT and subsequently bought by WorldCom. There was a lot of talk about how benefits would change but be fairly equal. All decreases in benefits would be offset by increases in stock options.:)
I left just about the time the actually awarded stock options. (7-8 months AFTER the merger during which time health benefits went down the toilet. Less coverage, much more money) The thing with the options was that they vested over three years. You could excersize them one third per year. So I would have to be there for one year to get any benefit from them. When I decided to jump ship all of my co-workers thought I was insane to give up all those valulable options. None of them have excersized any of them to this day.
The reason I think this is relevant is to show you how brainwashed the employees of an absorbed company can be. Don't drink the cool-aid and keep your eyes open.
I did like working for the company in general as my co-workers were some of the most competent people I have ever worked with. They took responsibility for their jobs and were proud of their work.
So, my overall message is it is a good company to work for, but don't buy into hollow promises.
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I worked at MCI when they were being courted by BT and subsequently bought by WorldCom. There was a lot of talk about how benefits would change but be fairly equal. All decreases in benefits would be offset by increases in stock options. :)
I left just about the time the actually awarded stock options. (7-8 months AFTER the merger during which time health benefits went down the toilet. Less coverage, much more money) The thing with the options was that they vested over three years. You could excersize them one third per year. So I would have to be there for one year to get any benefit from them. When I decided to jump ship all of my co-workers thought I was insane to give up all those valulable options. None of them have excersized any of them to this day.
The reason I think this is relevant is to show you how brainwashed the employees of an absorbed company can be. Don't drink the cool-aid and keep your eyes open.
I did like working for the company in general as my co-workers were some of the most competent people I have ever worked with. They took responsibility for their jobs and were proud of their work.
So, my overall message is it is a good company to work for, but don't buy into hollow promises.