Lots of IT people cut in Columbus
2636 replies (most recent on top)
They made me toil as a contractor for 3 years so I lost all that seniority and pension time.
The pension is worth it if you stick around for a long time. AEP owed those older employees they forced out over the past two years huge pension obligations.
If you don’t see yourself at AEP in 20 years, it’s not worth it. It’d be better to just get another job and roll over your amount into your IRA or new employer’s plan.
The real question is, do you want to work another 20 years for leaders who do not value you? How do you know if the pension will still be there in 5 years? How do you know if AEP will still be there in 5 years? I myself am in my 40s and left. As an emoyee I was not valued and being valued meant more to me than the pension. I rolled it over to my new employers 401K. I did not want fo give my narsistics leaders any more of my time and would not have been hapoy queietly quitting for 20 more years just for the sake of reirement. Live your life.
Pension was a formula based on age and years of service. As you climb both you get a higher %. I was just getting to the 7% level. So in your pension/cash balance account I was given an extra 7% a year of my pay toward the pension. It was invested by AEP and made around 4% a year.
When you leave you can choose to take it as an annuity at retirement or roll it over to your IRA or your new employers 401K. It is a nice benefit that is on top of the 4.5% 401k. One thing I could never say is that AEP didn't not have good benefits. Pay was low for some jobs but the benefits were very good.
Those who have been employed at AEP for awhile…at what point is staying for the pension worth it? I’m in my early 40’s. Retirement is a ways off but also feels close. Is the pension payout really worth it?
@27rw It’s because when you hit level 10 you are making so much money that you have to protect your lifestyle, so you become a total “Yes” man. There are way too many examples of people who were great employees and even lower level supervisors and managers who get to that level and above and totally change their personalities.
Its called ego.
Is being a psychopath a requirement for everyone above salary grade 10 or is it just a coincidence?
@27kr Sorry to tell you, the small print had Subject to change under Company's discretion.
You're only option, give notice and leave. You could find another job, not tell anyone until Friday, quit and start working for the other company on Monday. Drop all your stuff off on Saturday so you don't have to see anyone. Make sure you clear your desk out on Thursday.
Buddy of mine took everything home months before he left. Kept the manager on his toes as to when he was leaving.. At the time it was just playing mind games with the manager. Eventually he did find another job and left.
@27qa lmfao
Satan is in our workplace and only we can purge him and his minions to save our souls and our customers.
This place is horrible! I’m applying for every job I can elsewhere, considering pay cut… anything to get away from AEP.
In order for any organization to succeed there must be shared sacrifice and shared reward. There must be mutual respected that is earned and deserved. Teamwork and employees at all levels that hold themselves accountable are essential. A leadership perceived as looking out for only itself will never enjoy the loyalty, respect and organizational excellence that only a professional organization can achieve.
Veteran employees at AEP measure their workday by the hours that remain until they can escape this God forsaken nightmare. They see the future in the number of months or years before they can retire. When the future is dictated by a corrupt cabal that does not have the decency to be ashamed of its unjust and immoral behavior, employees know there is no future here only a career of torment, anguish and misery that must endured till a better opportunity or retirement avails itself to them.
No employee should have to sell their soul or abandon the principles instilled in them by their families and their faith to have the opportunity to advance. Neither should they endure an indoctrination that in order to advance you must prey upon your fellow employees and customers with callous indifference to their quality of life and humanity to succeed. If their goal is to instill petty selfishness and arrogance, you will become them to be among them and you will be despised by everyone you betray including your family, friends, coworkers and community. They are not worth losing your humanity for acceptance and inclusion in their immoral, unethical and criminal cabal.
Chilled environment at Cook. This is a shame to see. This is what happens when accountability and integrity leave leadership. What is worse is other leaders allow and promote it. This stuff should not occur in nuclear power.
Bill's favorite term is BOHICA. Bend over, here it comes again.
Pretty sure if I was hired as remote and they told me I had to come to the office that would require a renegotiation of the terms. You want me to work in the office, I want $x more money. No, then see ya. Lots of OECs are hiring.
@27kg
< = 50 miles to an AEP location.
If you were hired as remote then how did you not get an exemption from RTO?
Why did my post about we---e hut general get deleted?
The longest week ever.
Sincerely, AEP employee who was hired as a remote employee in 2021.
Leaders hang out at the salty spittoon
10 hours a week sitting in traffic, calculating the parts of the job I could have gotten done instead.
I'll believe this is 'more productive' when 'me sht turns purple and smells like rainbow sherbert'.
Harmed Investor
In the Matter of American Electric Power Company, Inc.
Admin. Proc. File No. 3-22425
On January 17, 2025, the Commission issued an Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order (the “Order”) against American Electric Power Company, Inc. (the “Respondent” or “American Electric Power”). In the Order, the Commission found that American Electric Power, a New York public utility holding corporation, with its principal place of business in Columbus, Ohio violated federal securities laws in connection with its relationship with, and statements made about, Empowering Ohio's Economy, Inc. (“Empowering Ohio”), an Internal Revenue Code Section 501(c)(4) entity that American Electric Power formed, fully funded, and controlled.
The Order found that, in July 2020, former Speaker of the Ohio House of Representative Larry Householder (“Householder”) and Generation Now, Inc. (“Generation Now”), a 501(c)(4) organization controlled by Householder, were charged with federal racketeering and conspiracy related to a years-long bribery scheme. Shortly after Householder's arrest, American Electric Power issued a press release regarding its relationship with Empowering Ohio and contributions to Generation Now. The press release was misleading because it omitted key facts. Specifically, in the press release, American Electric Power stated that it did not make any contributions to Generation Now. This statement was misleading because American Electric Power had fully funded Empowering Ohio, and an American Electric Power employee directed Empowering Ohio's contributions to Generation Now. American Electric Power also failed to disclose material related to transactions with respect to payments it made to Empowering Ohio on its 2019 Form 10-K. Finally, American Electric Power lacked sufficient internal accounting controls to provide reasonable assurances that transactions with organizations formed, fully funded, and controlled by it were reviewed for potential disclosure as material related party transaction, as required by Generally Accepted Accounting Principles. The Commission ordered the Respondent to pay a $19,000,000.00 civil money penalty to the Commission. The Commission also created a Fair Fund, pursuant to Section 308(a) of the Sarbanes-Oxley Act of 2002, so the penalty collected can be distributed to harmed investors (the “Fair Fund”). See the Commission’s Order: Release No. 33-11356.
The Fair Fund includes the $19,000,000.00 paid by the Respondent, and any additional funds collected from the Respondent, pursuant to the Order, will be added to the Fair Fund. The Fair Fund and has been deposited in a Commission-designated account at the U.S. Department of the Treasury, and any accrued interest will be added to the Fair Fund.
For more information, please contact the Commission:
Office of Distributions
Email: ENFOfficeofDistributions@sec.gov
Not as dark as when the power goes out because AEP service failed yet again
Got too dark in this thread, can’t keep reading the posts
@27et
you forgot your number :)
@27ex
"You reach an certain age where prison and death are no longer a deterrent to you visiting the justice on those spoiled, entitled, smug bullies, who diminish humble and decent people to asininely elevate themselves far above any earned and deserved station. "
Go to therapy or touch grass.
Corporate got where they are bullying humble and decent people. They bullied people in school. They hazed underclassmen in college and now they think they can get away with it in the real world where adults didn't get to extend their childhood 4, 6 or 8 years. We went to work. We enlisted in the military. We have raised our families. Supported our nation and communities by volunteering in the Military Reserves and National Guard. We serve as auxiliary police officers, auxiliary deputy sheriffs, volunteer paramedics and fire fighters. On top of working 40+ hours a week and storm restoration. We pay our taxes because we are not freeloaders. We do not buy politicians to cut our income taxes and look the other way while we steal from working, middle-class and retired Americans and our own employees.
You reach an certain age where prison and death are no longer a deterrent to you visiting the justice on those spoiled, entitled, smug bullies, who diminish humble and decent people to asininely elevate themselves far above any earned and deserved station. There are a lot of AEP employees, who have spent DECADES making AEP a great company and you Johnny-come-latelys show up strutting like peacocks and bandy roosters antagonizing the REAL AEP, making our lives and our customers' lives a living He-l, don't act offended when you find yourselves plucked and simmering in a "just reckoning" stew pot.
@27ef my password is going to be F#ckBillAndRTO!!
Oh for christ sakes a 16 character password now!! Are you guys trying to get us to give up. Everyone is going to locked out or calling IT for a reset.
You su-k Bill! You literally brought our culture down to nothing.
Hey Bill, F#ck you!
They absolutely do monitor these boards. One time I made a comment about Bill's calendar on Outlook and how all he does is fly around and go to fancy dinners. The next day his calendar was no longer accessible for view.
A lot of AEP leadership is insulted you dont work for them for free, as they brag about their second homes or drag cars. He-l most of us just wanted to save for retirement and pay for your kids college. How dare some one want to support their family. Complete narssitic behavior. How much do you need? I know you dont like it quit.
A year from now AEP will still be in the same rut. It will be interesting to see what magic BS Bill comes up with since the RTO didn't produce the effects he thought it would. Nothing will change, they just don't see it. Upper Managers are hamstrung by the Executives. The Executives are just a bunch of over paid id--ts with MBAs that are worthless. People complain about nepotism but the Board members are the worst example of it. They sit on multiple boards making a million or two every year but can't make a decent decision to save their a$$.
Ya know, I can’t help but think that executive leaders scan these boards far more regularly than we think. And it makes sense because it’s one of the few rawest forms of employee discourse and feedback (and they always want a pulse on the narrative). But some of these comments; I gamble that they get overwhelmingly annoyed and comment about how lazy and unjustifiably disgruntled we are as IC’s - and of course to just quit. It’s actually hilarious to imagine their angry thumbs typing, hypothetically of course.
Lesders at AEP got to comfortsble. They had a free check by raising rates. They did not have to compete. Therefore, they have no problem with neopotism or favortism promotions. I myself never liked deregulation. I would love to be able to choose another provider than AEP. The utilities need to compete. I consider a rsise in rates as a tax increase. AEP needs DOGE.
I don’t know what it’s like to be a senior leader of a utility, but I can compare them to those in other industries I’ve worked. They come off like dolts. I know that can happen anywhere, but the behaviors speak for themselves.
The jobs employees applied for years ago are not the same jobs. Responsibilities and territories were expanded to fill gaps in staffing with no commensurate increase in compensation. Employees are treated like rented mules and put into situations they do not have the experience or training to perform and told to figure it out. Corporate leadership are space occupiers, figure heads and little more. They forward emails and fill their TEAMS calendars with back to back meetings to ghost their subordinates. When you cut staffing without any comprehension of the institutional knowledge and dedication you are throwing away and the experts, who are the only employee with crucial knowledge that keeps the company running smoothly, you wind up with organizational chaos, low morale and employees running for the exits. AEP employees are immensely superior to these so called corporate leaders and if we, the employees of AEP have set the bar too high for you, don't let the door hit you in the a-s on your way out. Shareholders be damned, the customers pay our salaries and yours.
Did AEP leaders really create an environment for career growth before Bill? Look at your supervisor and ask how did that person get there? Did they work their way up through the ranks, or where they hand picked because of association? If they worked up through the ranks, how did the people that worked beneath them fair in the company? I think those answers have a lot to do with company performance, company culture and the ability to work remote. Again look at this before Bill.