After delayed performance review results and a mediocre (at best) raise they're delaying the payout day for the retroactive salary adjustments until May 11. I'm kind of expecting them to delay it further - HR/Payroll here is certainly not known for meeting deadlines - self-imposed or otherwise. Actually, I think that might apply to all other facets of this company as well ;)
The SEC/Options backdating probe and the subsequent trading black-out period (also extended. . . multiple times) is still going on so we're not permitted do anything with ESPP, Stock options or RSU's (not that my options are worth anything with our stock price vacillating in the vicinity of $16 - my strike price is very nearly twice that). So, I won't be collecting any additional income from any of those . . .
Speaking of the backdating probe, there was a segment on the news about the SEC Investigations that have been plaguing tech companies which showed Erik Lie, the guy who blew the whistle on the pervasiveness of options backdating. If I ever see that ass-clown on the street, he's getting a swift kick in the balls. I realize that this is completely unfair to him, since he was lifting the veil on a lot of corporate shadiness. In this case, though, I think the old adage, "Ignorance is bliss" applies . . . unless you're Erik Lie.
Thursday, April 26, 2007
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