A letter to/from Steve Appleton

A lot has changed in 15 years. This sentiment couldn't be further from the truth today. It's shareholders or bust! Everyone else get's a 2.

From: srappleton
Sent: Sunday, July 23, 2006 7:16 AM
To:
Subject: RE: My 2 cents

Thanks for the email and comments. Although we are never perfect we try to do the right thing.

Steve
_____________________________________________
From:
Sent: Saturday, July 22, 2006 10:14 AM
To: srappleton
Subject: My 2 cents

I know you're busy so I'll keep this short. I wanted to give you feedback from my prospective of the company. It seems to me that you have built this company in a very employee oriented fashion. Almost as if you want the company to be successful just so you can provide a better life for the people who work for it. I have to commend you as well as the rest of the upper management team on your performance. I think you operate this company in a very selfless manor and that is one of the keys to it's success. I wanted to thank you for creating the best work environment I have ever experienced. I can also safely say that everyone I work with in my department feels the same as I do.

That's my 2 cents,

Comment! It's anonymous!

4 replies (most recent on top)

Micron is a terrible place to work.... It is cut throat back stabbing. There are two types of people at Micron. The ones who do the work, and the ones who walk around and record what the people doing the work do. One class is a low balled slave, the other class go into management and has never fixed a dam thin in their lives. Low wages for the High cost of Manassas. Once they have you they never want to give you a raise. They brag about how they don't give raise's. Why would anyone want to work for this company. I wasted 9 years there. Nine years of my life I will never get back....

As a whole the company is stronger under Sanjay over Steve. Each individual job may be at a higher level of risk, but the company is without a doubt stronger.

Don't be fooled into thinking you have more job security now under Sanjay. Appleton had to deal with competition of ~20 other companies and a global recession that hit the semiconductor industry particularly hard. Pay cuts and layoff's were the last resort and as he said, the hardest thing he's ever had to do. When Sanjay even thought we would have a losing quarter, he cut all pay raises. Then, when we instead made near record profits that quarter, it took him 6 months to reinstate the pay raises and they weren't even enough to compensate for inflation. If Sanjay had to deal with even half of the trials and hardships that Appleton did, he would have laid off half of the workforce and then jumped ship a long time ago. If Appleton was still alive today, we would be getting 10K in bonuses every quarter.

The current executive team is certainly not the same as it was in 2006 and the philosophy of how the company is run has changed with the new leadership. That said, there was a time under Steve's leadership that the company only had operational cash for a month or less. Is Sanjay and team more focused on shareholders than Steve was? I'd say yes. Is that bad for the workers? Probably not from a job security perspective. Working for a company that is within 30 days of not being able pay the bills is scarey.

Thread regarding Micron Technology Inc. layoffs

A letter to/from Steve Appleton

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