Is the RIFS, furloughs, salary freeze/cuts, benefits cuts, etc. being used to deceive the markets?
http://www.marketwatch.com/story/sec-wants-earnings-to-comply-with-its-rules-and-it-wont-take-no-for-an-answer-2016-11-29
11 replies (most recent on top)
Perfectly acceptable to layoff in Jan. 2017 with no accrued vacation and only 13 weeks Max. severance then take the savings in 2016
Well, if everyone at an entire site we to be laid off via a salary continuance scenario, there would be some immediate savings (i.e. power, internet, etc). If it was a big enough site, then it might make sense, even in December.
Overall, likely, but the layoffs happening now, unlikely. At this late stage of the year, it wouldn't positively change the company's numbers, in terms of savings, at all. For instance, if an employee is laid off with a salary continuance arrangement, then there will be no change (i.e. they're still getting paid) until their salary continuance ends (likely sometime in 2017). However, in the case of a lump sum severance arrangement (which I'm not even sure actually happens anymore), the savings would be negative. That said, if Honeywell actually does change to a 13 weeks maximum salary continuance limit, then look for more layoffs between January 2017 and March 2017 when Cote makes his exit.
yes, that is exactly what they are doing. making the company look better on paper than it really is. Cote entire career at Honeywell has been to play the market game and selectively put news out to the public and the market ot inflate the stock prices to garner favor with the board and more bonuses. Did you know that Cote forces the Gulfstream team to put in the contract that they have to buy a gulfstream aircraft each time the update to a new EPIC system, this way he gets his private jet and he tellas the board he had to do it for business.
Well Duh
Absolutely
IF SOX is being followed in all circumstances ......
Sarbanes-Oxley
All the actions to boost stock price, so Cote gets higher return during a time when he is selling a lot of shares.
Right about 100% I would guess. Lol
That just can't be true! Cote himself said in a mandatory training video that ALL EMPLOYEES MUST FOLLOW ALL LOCAL LAWS AT ALL TIMES AND HAVE THE BEST OF ETHICS!!
What are the chances that he a two faced bull sh--ter???!!!