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12-12-2012, 02:06 PM
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#26
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Diamond Member
Join Date: Feb 2011
Posts: 9,292
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This is a hugely raw deal for workers. But that is status quo for corporate America.
That said dollar cost averaging is overrated anyway and as far as this is concerned it is still in play--just over a yearly period instead of a semi monthly one.
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DCal430's wisdom on gun laws
If the children or other family members will have access to the gun then they should be interrogated too.
We can also use teachers to enforce these rules, they can ask their students to be honest and if mommy and daddy are in violation of these rules.
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12-12-2012, 02:44 PM
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#27
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Platinum Member
Join Date: Jan 2004
Posts: 2,755
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Quote:
Originally Posted by Doppel
This is a hugely raw deal for workers. But that is status quo for corporate America.
That said dollar cost averaging is overrated anyway and as far as this is concerned it is still in play--just over a yearly period instead of a semi monthly one.
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Take someone making six figures and no... Dollar cost averaging isn't overrated especially when you factor those small gains in over the course of many years.
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Lenovo M57p, T61 and W510 ThinkPads.
2008 Can Am Spyder with Givi side and top hard cases. The ultimate touring setup.
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12-12-2012, 02:50 PM
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#28
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Diamond Member
Join Date: Aug 2002
Location: San Francisco
Posts: 7,355
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Its not your money if its not under your control. The baby boomers are now learning that the hard way. Of course everyones retirement will get screwed. It only worked while the baby boomers were in their working prime ages. Now that they are retiring top heavy demographics like that and retirement is a huge fail.
They got screwed over a long, long time ago and are just now figuring it out.
My favorite example is Cali's $58b pension liability and $3b set side for it. So they're going to have to extract a helluva lot of money from education, law enforcement etc. It'll choke off the economy.
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12-12-2012, 03:04 PM
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#29
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Diamond Member
Join Date: Apr 2012
Posts: 8,606
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Quote:
Originally Posted by OverVolt
Its not your money if its not under your control. The baby boomers are now learning that the hard way. Of course everyones retirement will get screwed. It only worked while the baby boomers were in their working prime ages. Now that they are retiring top heavy demographics like that and retirement is a huge fail.
They got screwed over a long, long time ago and are just now figuring it out.
My favorite example is Cali's $58b pension liability and $3b set side for it. So they're going to have to extract a helluva lot of money from education, law enforcement etc. It'll choke off the economy.
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You mean pensions aren't magically better than 401Ks after all? 
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12-12-2012, 04:32 PM
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#30
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Lifer
Join Date: Nov 1999
Posts: 20,194
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Quote:
Originally Posted by PokerGuy
They are? I've never heard that, and they're on several different "top employer" or "ideal employer" lists.....
For example: http://www.universumglobal.com/IDEAL...Student-Survey
If they're so horrible, what prevents the workers from going to some other place that's not as horrible? |
Quote:
Originally Posted by Phokus
Because the one thing they're good at is catering to working mothers (there's some magazine called 'working mothers magazine' or something and they're ranked #1 almost every year). Many jobs are work at home telecommute type jobs with flextime. So if that's important to you, you'll give a lot of concessions in terms of benefits/pay because most companies don't give that out. If you work in an office for IBM like i did, you didn't get that benefit and i don't know a single person working there still (or left) that still thinks IBM is a good place to work for.
IBM is notorious for fucking over their workers over pay/benefits, finding every way to outsource, finding every dirty trick to hire H1-B's over Americans, etc.
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Holy fucking shit, i take that back pokerguy:
Quote:
The results of the American Student Survey reveal how students perceive organizations as employers in the United States.
...
The rankings below reveal how attractive an employer is among students and indicates a company’s position in relation to other ideal employers in the recruitment market.
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ARE YOU FUCKING KIDDING ME?
These aren't even people who work at these companies!
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12-12-2012, 04:48 PM
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#31
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Super Moderator
Join Date: Sep 2003
Location: Great Smoky Mountains
Posts: 20,653
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Quote:
Originally Posted by Juddog
I'm just waiting for them to do a mass layoff on Dec 28th now. After all, it's best to fire workers on a Friday.
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That would be pretty funny because if you're there on Dec 15 you get the 401k match.
Also, the policy won't begin until the start of 2013.
Fern
__________________
Politics is the art of looking for trouble, finding it whether it exists or not, diagnosing it incorrectly, and applying the wrong remedy.
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12-12-2012, 04:49 PM
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#32
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Super Moderator
Join Date: Sep 2003
Location: Great Smoky Mountains
Posts: 20,653
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Seems like a sleazy, cheap, tacky thing to do.
Fern
__________________
Politics is the art of looking for trouble, finding it whether it exists or not, diagnosing it incorrectly, and applying the wrong remedy.
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12-12-2012, 05:06 PM
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#33
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Lifer
Join Date: Nov 1999
Posts: 20,194
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Quote:
Originally Posted by Fern
Seems like a sleazy, cheap, tacky thing to do.
Fern
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So you're saying IBM is a corporation.
Also why do corporate cocksuckers (aka republicans) exist when these things happen all the time?
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12-12-2012, 09:59 PM
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#34
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Diamond Member
Join Date: Jun 2002
Posts: 3,838
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Quote:
Originally Posted by Phokus
So you're saying IBM is a corporation.
Also why do corporate cocksuckers (aka republicans) exist when these things happen all the time?
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So IBM and all corporations are there to make sure everyone lives a happy retirement? Are you really that naive?
There are state and federal regulation regarding 401k contributions. IBM is either compliant or not with this new policy. They have the obligation to meet the regulations, nothing more, nothing less. Not sure what is there to argue about.
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Main Rig: i7-3820@4.3Ghz/gigabyte x79-UD3/4x4 Patriot Sector 7@1600MHz/Corsair H100/ASUS GeForce GTX 680 ASUS DirectCU II TOP/Thermaltake Armor Revo
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12-12-2012, 10:35 PM
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#35
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Platinum Member
Join Date: Jan 2004
Posts: 2,755
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Quote:
Originally Posted by Fern
That would be pretty funny because if you're there on Dec 15 you get the 401k match.
Also, the policy won't begin until the start of 2013.
Fern
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Wrong too...
IBM has to comply with the WARN Act... and provides 60 days notification on layoff... So they would have to announce my demise by early October of that year.
__________________
Lenovo M57p, T61 and W510 ThinkPads.
2008 Can Am Spyder with Givi side and top hard cases. The ultimate touring setup.
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12-12-2012, 10:36 PM
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#36
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Platinum Member
Join Date: Jan 2004
Posts: 2,755
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Quote:
Originally Posted by rchiu
So IBM and all corporations are there to make sure everyone lives a happy retirement? Are you really that naive?
There are state and federal regulation regarding 401k contributions. IBM is either compliant or not with this new policy. They have the obligation to meet the regulations, nothing more, nothing less. Not sure what is there to argue about.
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There is one argument... That if they layoff workers those workers may have a class action suit to claim their match for that year.
__________________
Lenovo M57p, T61 and W510 ThinkPads.
2008 Can Am Spyder with Givi side and top hard cases. The ultimate touring setup.
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12-13-2012, 06:53 AM
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#37
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Diamond Member
Join Date: Nov 2004
Location: Ten Forward
Posts: 8,992
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This is typical of big Corps. Slowly chip away at benefits = increase profits. A price on everything, except morale.
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12-13-2012, 07:06 AM
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#38
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Golden Member
Join Date: Oct 2012
Location: NoVA
Posts: 1,153
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Quote:
Originally Posted by WackyDan
Wrong too...
IBM has to comply with the WARN Act... and provides 60 days notification on layoff... So they would have to announce my demise by early October of that year.
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Ha, IBM gets around the WARN act all the time; they are pros at it.
"Even more alarming is that IBM is structuring these layoffs so that they aren't obligated to report them per the Worker Adjustment and Retraining Notification Act (WARN) of 1988"
http://articles.businessinsider.com/2012-03-19/news/31209499_1_alliance-ibm-workforce-numbers-jobs
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12-13-2012, 08:44 AM
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#39
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Diamond Member
Join Date: Jul 2005
Posts: 8,300
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Quote:
Originally Posted by Phokus
These aren't even people who work at these companies!
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Those are prospective new employees. I just used that as one example. You said IBM is "notorious" for treating their employees badly. I'd never heard that before. I don't know if it's true, just saying I've never heard that, I've often seen IBM rated as one of the better employers out there.
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12-13-2012, 08:49 AM
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#40
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Lifer
Join Date: Nov 1999
Posts: 20,194
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Quote:
Originally Posted by PokerGuy
Those are prospective new employees. I just used that as one example. You said IBM is "notorious" for treating their employees badly. I'd never heard that before. I don't know if it's true, just saying I've never heard that, I've often seen IBM rated as one of the better employers out there.
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And that's exactly why i said a few posts before yours that IBM's reputation from several decades ago never seems to go untarnished:
http://forums.anandtech.com/showpost...6&postcount=12
Anyone who's ever worked there knows IBM is shit.
Edit, from IBM's union website:
http://www.endicottalliance.org/
The shrinking IBM
US employee population courtesy - IBM's annual reports
and other sources:
(Also take into account that IBM was buying companies/employees at the same time.)
IBM stopped reporting
US headcount in 2010
*Alliance Estimate
2012: *84,500
2011: *98,000
2010:*101,000
2009: 105,000
2008: 115,000
2007: 121,000
2006: 127,000
2005: 133,789
My department was outsourced to Slovakia about 8 months after i left the company for another job.
Last edited by Phokus; 12-13-2012 at 08:52 AM.
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12-13-2012, 12:38 PM
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#41
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Platinum Member
Join Date: Jan 2004
Posts: 2,755
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Quote:
Originally Posted by Jimzz
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True... Provided the layoff is not of a certain size. That is any company though.
__________________
Lenovo M57p, T61 and W510 ThinkPads.
2008 Can Am Spyder with Givi side and top hard cases. The ultimate touring setup.
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