I heard that in order to save the company all the execs senior Director and above in the company are going to come under special payscale policy.
Starting from October 1 (new FY'16), everyone who has Sr. Director and above title will get paid the same amount for their salaries, but in Chinese Yuan instead of in US Dollars. All their unvested stock will get converted to MTK stock.
QC has decided to take a page from the Sears/K-mart "paybook" and pay their employees using debit cards. Each debit card will have a maximum $200/day draw. Each withdrawal with cost a $3 service charge from a domestic bank, and $5 service charge from a foreign bank. $1.50 of each service charge will be paid back to QC. All cash must be withdrawn within 30 days of termination/resignation or it will be forefeited. C'mon! It will be just like living in Greece!--only with pot holes and crappy infrastructure instead of ancient ruins! One thing to look forward to will be SM's attempt to bail with his $51 million payout in $200 increments.
All of you are wrong, Q is setting up a printing press and printing company script.
They are buying housing, groceries, doctors, etc... That you can buy with q-bucks.
I've vested so much I do not need money any more
you won't get paid at all. Just free food, soda, and showers. and all your wages will buy back stock. http://qz.com/449182/china-stabilized-its-markets-by-forcing-companies-and-their-employees-to-buy-shares/
You are right, but got the currency wrong. They are going to get paid in Zimbabwean dollars.