KK and his crooked EC team got most of the bonus while people are being laid off with as little severance as possible. Nortel dejavu!
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https://cases.primeclerk.com/avaya/Home-DownloadPDF?id1=NTQ2MTk3&id2=0
is there an online source for that news concerning the judge denying those exec bonus program $$?
They were denied (thank you, Judge!). The fact that they asked is pretty shameful!
When will be the next court hearing ?
Avaya thinks they are going to survive but they wont
They moved the NJ office to Morristown in 2016.
Well since I just drove past 211 Mt Airy road and the name is off the building and off the sign to the address also!
Which ended in Chap 11.
Yeah, accolades to the EC team in cutting 21000 employees to 9700 now and 400milion in cost saving between 2015-2016. They are good and deserved the bonuses.
It states its for 10 people
so regular employees are getting a bonus?
It includes AIP and Accolades, so it's not just the execs.
Filed as a first day priority motion and left out some details regarding who will be receiving these millions. You can see where the priorities are.
See docket # 110 for info on the bonus requests and the US Trustee pushback
https://cases.primeclerk.com/avaya/Home-DocketInfo
Agree, need to change the full EC
Watch how it gets spun. Something like that the pay is needed to retain talent...
Don't let this thread go without comment, each comment keeps this news alive.
.....Or pay off the debt, 50 M would go a long way
Would rather give all the 50M to pay a single young profilic new CEO...
There is a real problem at Avaya and it starts at the top.
THE court should :
INVESTIGATE THE SENIOR MANAGEMENT GANG !
PLEASE VOTE !
The court should seriously look at restructuring executive leadership, CEO and his team before anything else.
more details?