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michael jardeen...musings about news and life
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Oceans Edge

daily link image Saturday, March 6, 2004

Merger lucrative for cellular execs
AT&T Wireless leaders to get $85.7 million

The directors and top five officers at Redmond's AT&T Wireless Services Inc. will get $85.7 million in cash if that company is bought by Cingular Wireless LLC, according to federal documents filed yesterday.

Some shareholders are proposing limits on such lucrative arrangements, while one analyst questioned whether the performance of the nation's third-largest cellular carrier justifies those payouts. But employees do get a break of sorts: The company has called off its extensive layoff and relocation plans, leaving any such decisions to its new owner...more [Seattle P-I]

Of course those delayed layoffs are great. It means the new owners get to take the blame. Warning to ATT customers, you can look forward to dealing with a lot of really happy employees...mj
10:35:30 PM    


Stupid Companies...EB Games
Shame on ebgamesThe Electronics Boutique, better known as EB Games, is a well-known dealer of second-hand video games and equipment.

Recently, the EB Games store at the Gulfview Square Mall mistakenly purchased some stolen merchandise. The way it handled the situation has landed that store in the ABC Action News Hall of Shame.

The workers at the EB Games store told ABC Action News they're not allowed to talk about the store's policy relative to stolen goods, but longtime customer Michelle Doganis had plenty to say.

"I think it stinks, absolutely stinks. I would never do anything like this," she exclaimed...more [F'd Company]

This is a gem. A sure sign that stupidity is alive and well, and not only at the White House.

So, you're a large company, you've violated state laws, and you traffic in stolen goods. When you find this out, what do you do? Do you try to make the situation right? No, you try to profit off the victim, and then you brush her off.

Electronic Boutique is another sign of just how dumb companies and people can be...mj
9:52:16 PM    


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Last update: 3/27/04; 9:05:02 PM.