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  1. #1
    Phillipe
    Guest
    http://files.thecorporatelibrary.net...ts/ceo_fon.htm


    EMPLOYEE AGREEMENT - GARY FORSEE

    I'd sure like an employment contract that guarantees me a bonus of 150%
    of my Annual salarey.



    See More: Why Srint is raising rates.




  2. #2
    ZJ Driver
    Guest

    Re: Why Srint is raising rates.

    Not uncommon at director and senior management/executive levels...

    Try a different job...

    "Phillipe" <[email protected]> wrote in message
    news[email protected]
    > http://files.thecorporatelibrary.net...ts/ceo_fon.htm
    >
    >
    > EMPLOYEE AGREEMENT - GARY FORSEE
    >
    > I'd sure like an employment contract that guarantees me a bonus of 150%
    > of my Annual salarey.






  3. #3
    SprintPCS Tech
    Guest

    Re: Why Srint is raising rates.



    Phillipe <[email protected]> wrote in article
    <[email protected]>:
    > http://files.thecorporatelibrary.net...ts/ceo_fon.htm
    >
    >
    > EMPLOYEE AGREEMENT - GARY FORSEE
    >
    > I'd sure like an employment contract that guarantees me a bonus of 150%
    > of my Annual salarey.


    Hell I'd be ecstatic with the base salary.

    Thats roughly $90K per month (a little more before taxes).

    [posted via phonescoop.com - free web access to the alt.cellular groups]



  4. #4
    hatoncat
    Guest

    Re: Why Srint is raising rates.


    Phillipe wrote:
    > *In article <fUA%[email protected]>,
    > "ZJ Driver" <[email protected]> wrote:
    >
    > > Not uncommon at director and senior management/executive levels...
    > >
    > > Try a different job...

    >
    > That doesn't make it right or fair. *


    It does if they are doing a good job.

    Forsee is, in my opinion, doing a good job. He has identified Sprint's
    key problems (such as Customer Service) and appears to be tackling
    them. As an inverstor I would have no problem giving executives a
    large amount of cash if the company is doing well.

    A good example is Steve Jobs and Apple. He is one of the highest paid
    CEO's in the world. Why? Because he saved the company from going out
    of business.

    I know it sucks to be in the middle class, watching these high-paid
    executives rake in the cash (I'm right there just so you know). But I
    would rather have that then some underpaid, unexperienced person
    running these companies.

    --
    Posted at SprintUsers.com - Your place for everything Sprint PCS
    Free wireless access @ www.SprintUsers.com/wap




  5. #5
    Phillipe
    Guest

    Re: Why Srint is raising rates.

    In article <[email protected]>,
    hatoncat <[email protected]> wrote:

    >
    > Phillipe wrote:
    > > *In article <fUA%[email protected]>,
    > > "ZJ Driver" <[email protected]> wrote:
    > >
    > > > Not uncommon at director and senior management/executive levels...
    > > >
    > > > Try a different job...

    > >
    > > That doesn't make it right or fair. *

    >
    > It does if they are doing a good job.
    >
    > Forsee is, in my opinion, doing a good job. He has identified Sprint's
    > key problems (such as Customer Service) and appears to be tackling
    > them.


    Baloney. I guess you haven't read any of the myriad Customer Service
    horror stories here. As near as I can tell all Foresee has done to
    improve Customer Service is get Press Releases put out saying its
    improving.



  6. #6
    SprintPCS Tech
    Guest

    Re: Why Srint is raising rates.



    Phillipe <[email protected]> wrote in article
    <[email protected]>:
    > Baloney. I guess you haven't read any of the myriad Customer Service
    > horror stories here. As near as I can tell all Foresee has done to
    > improve Customer Service is get Press Releases put out saying its
    > improving.


    Its not easy weeding out some bad people out of several thousand when
    the people not doing their jobs don't leave any evidence of it other
    than call logs.

    There have been some steps taken to attempt to improve customer service,
    but to see if its working, we'll have to wait.

    [posted via phonescoop.com - free web access to the alt.cellular groups]



  7. #7
    Nomen Nescio
    Guest

    Re: Why Srint is raising rates.


    >Forsee is, in my opinion, doing a good job. He has identified Sprint's
    >key problems (such as Customer Service) and appears to be tackling
    >them. As an inverstor I would have no problem giving executives a
    >large amount of cash if the company is doing well.



    Wow. As a PCS investor you would have seen the value of your investment drop OVER 80%, and you
    would have no problem rewarding the exactives with a pay increase for "doing a good job".

    Beautiful. This is what I love to here.

    I thank my lucky stars every day for shareholders like you.

    It's on the backs of you guys that everyone else makes money and keeps the economy rolling.

    Sir, I salute you.




  8. #8
    Maciej Gorny
    Guest

    Re: Why Srint is raising rates.

    If you got in when Sprint was at 2.80 future you're doing good so far.

    > Wow. As a PCS investor you would have seen the value of your
    > investment drop OVER 80%, and you would have no problem rewarding the
    > exactives with a pay increase for "doing a good job".
    >





  9. #9
    Nomen Nescio
    Guest

    Re: Why Srint is raising rates.


    >If you got in when Sprint was at 2.80 future you're doing good so far.


    What if you bought the securtity outright long between $20-$30. Or even $10 - $20 (where the
    majority of PCS longs bought). What if you got in on the IPO at $26 based on the estimated
    valuation by management?

    How well would you be doing?

    Sure, if you bottom fished for in-trouble stocks, you would be doing great. Some people buy 5
    cents stocks right before bankruptcy and flip them 300% in two days. Did you get in on
    WorldComm last year when they went bankrupt? I rode it from 7 cents to 28 cents in 24 hours.
    Quadrupled my money fast.

    Was that a sign of good management? Was that the sign of a healthy company? Was that a sign of
    executives deserving a bonus?

    I don't think so. It was merely a chance for bottom-feeding opportunists to put risk capital
    into a troubled security to try to make some money on a swing trade.

    Everybody who trusted WorldComm management got hosed. Badly.

    PCS is a little above $5/share. Flirting very close to the below $5 mark at which point the
    security will become unmarginable for retail investors, and the point where sell orders will be
    triggered for many major mutal funds and margin calls for investors resulting in greater share
    depreciation.

    And this, you think, is a good job by management? Really?

    Well, my friend, like they say. If you aim low enough, you'll never be disappointed.

    Sounds like you may be one fellow who is extremely easy to please. Good for you. I wish I
    could be more like you. I am not being sarcastic, I am being sincere. Life is probably less
    stressful with your expectation level.

    I personally don't think this is deserving of a bonus, but luckily for that particular
    executive, the bonus is not contingent upon my agreement.




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