Originally Posted by banger
I don't know about 10% below SWA pay, but what has anyone heard about a 10% raise? I heard, via rumor, not reliable source, no more CSPP, 10% pay raise, all stock options vested on 1 Jan 06, and no more options after next two new hire classes, due to new accounting rules. Anyone? :confused
WMW I heard this also as a rumor. However when I bounced it off my ACP buddy he said "your dreamin'" to the pay raise part.
The 10% raise would be just the right amount to correct us to where our pay should be based on inflation (fall of 2001 to present). However, it doesn't makeup for the money over the last 4 years that was not paid to us......
I've heard the rumor of "vest everyone immediately" also. Doesn't help much when you options are worth only a few cents or are under water. But it does allow everyone to immediatey take advantage of any market gain and at least get something out of them.
As for no more options. I wish they would give out restricted shares of stock vs options. At least they have some value. As for totally canning CSPP, Options, etc That is new, but it doesn't surprise me. (enought said for now)
Just my opinion....
FNG