Say Altitude Posted April 2, 2003 Share Posted April 2, 2003 Effective 01 May with a following 17% each consecutive year for six years. Profit sharing and stock plan to offset the wage rollbacks........ Times are a changin'...... Read it in the paper this morning SA Link to comment Share on other sites More sharing options...
Guest pikachu Posted April 2, 2003 Share Posted April 2, 2003 After six years that makes a $250 000 salary $63 000. Link to comment Share on other sites More sharing options...
Guest jimmy Posted April 2, 2003 Share Posted April 2, 2003 The way I read the press release, they get a 23% pay cut now and in May, 2004 they go to 17% of their rate NOW for the remainder of the 6 years. It's not 17% a year for 6 years. It actually will go up after one year and stay constant for the remaining 6 years. Link to comment Share on other sites More sharing options...
Say Altitude Posted April 2, 2003 Author Share Posted April 2, 2003 Thanks. Just glossed over it... SA Link to comment Share on other sites More sharing options...
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