Posted on 02/22/2009 8:33:55 AM PST by Askwhy5times
Microsoft wants laid off employees to return part of their severance pay. I guess over $50 billion is not enough money for Bill Gates. Microsoft recently laid off 1400 workers ,mostly in the US. They have now decided their severance package was too big. They have sent the a letter (see picture) to them asking for the money back. Perhaps some of those mosquitoes Bill Gates recently released at a tech conference have infected him with an insanity virus.
(Excerpt) Read more at bloggingredneck.blogspot.com ...
Ain’t gonna happen.
This really makes no sense, and is very difficult to believe....but these days who knows for sure.
LOL come and get it Bill.
Bill has the right to be just as wealthy as he can become. But this is not the smartest thing he’s ever done.
I thought Gates wasn’t running MS anymore.
When My hunch-back brother straightens up!
Not really tech related, but worth a few laughs.
The story needs more research.
Was it in fact an “administrative error”?
What was the policy in place at the time?
If it were an error, they should have include specific policy references to identify the method to calculate the proper amount.
"So clearly, there has been a great rush to send all kinds of work overseas. But WHY? The usual answer is “To be cost competitive. We could not survive as a company if we continued to pay exorbitant American salaries.” Is this really true? Consider Microsoft. One of its managers, Brian Valentine, was quoted in a trade magazine as saying “Think India! Two for the price of one!” But before its big dividend payout, Microsoft was sitting on some $50 billion (with a “B”, folks)--in Cash. And essentially no debt. Are you telling me Microsoft has to pinch pennies on salaries, because they can’t afford to compete otherwise? Let’s do the math. MBA types like to talk about comparing expected return on investment to the “risk-free” rate of return, US Treasuries. If Microsoft had just invested that money into US Treasuries, even when interest rates bottomed out at about 2%, they would have had $1 billion /year, CASH, with which to pay American programmers. And this would have been without touching the principal and without affecting cash flow from continuing operations."
Sorry Bill, your attempt to globalize has failed. You can suck on it.
Cheers!
Apparently they used MS Money to calculate the severance packages and discovered Money has a glitch that added 2 zeros.
It’ll be fixed in SP4.
Maybe M$ should return part their former job in proportion?
Sounds like a Nigerian Scam to me.
yada yada warden yada yada
Apparently the person that wrote this doesn't keep up with Microsoft too well.
Bill Gates left as CEO long ago. He doesn't have anything to do with running the company anymore.
As if I would send ANY money to an address at “One Lone Tree Rd., Fargo, North Dakota”!
“An inadvertent administrative error occurred that resulted in an overpayment in severance pay by Microsoft,”
Could one presume that MS is asking nicely since they used their own software (and didn’t have a TOS clause to cover this?)
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