Still, G.M. appears to have enough money in the pension fund to pay its more than 400,000 retirees their benefits for many years — even with the markets swooning around it. That is largely because of the conservative way G.M. has managed the fund recently, and it explains why G.M. has not joined the long list of companies pressing Congress for pension relief.
Karas said that that the injunction was justified. "Because Mr. Papermaster has been inculcated with some of IBM's most sensitive and closely guarded technical and strategic secrets, it is no great leap for the Court to find that Plaintiff has met its burden of showing a likelihood of irreparable harm," Karas wrote.
There's no dispute that Papermaster signed a noncompete agreement in 2006 that would forbid him from working at any company deemed a competitor of IBM's for a year following his departure from Big Blue. Papermaster's lawyers are attempting to argue that since the only overlapping product between Apple and IBM--servers--is one that wouldn't be part of his official duties at Apple, and since he won't be running Apple's P.A. Semi chip design team, the noncompete shouldn't apply.
This first one shows him in action on a motion to instruct to the PPA, particularly good: Go to http://georgemiller.house.gov/georgefloorspeeches.html and click on #13-dated 05/03/2006.
The next one is a special floor speech he gave against IBM and the inequities of the Cash Balance Pension Plan, just for us: Go to http://georgemiller.house.gov/georgefloorspeeches.html and click on #14-dated 04/06/2006.
Others are #3, #19, #34 and #40. He knows what is happening with our retirement nest eggs. He is in our corner. YOU watch the videos. YOU judge.
Medicare currently pays the private plans — now called the Medicare Advantage program — 13 percent more on average than the same services would cost in the traditional fee-for-service program. Some of the added payments are used to provide extra benefits for enrollees, like reduced cost-sharing or reduced premiums for such extra benefits as vision and dental care. ...
As these plans have proliferated, Medicare’s costs to cover the subsidies have risen — with the taxpayers and the beneficiaries in traditional Medicare picking up the tab. The many competing plans have also increased Medicare’s bureaucratic burden and costs. And there is no sign that these plans provide better quality of care. Congress started this year to reduce the unjustified subsidies. But a lot more needs to be done. President-elect Barack Obama called during the campaign for eliminating the excessive subsidies and paying private plans only what it would cost to treat the same patients under traditional Medicare.
"But dependency on government has never been bad for the rich. The pretense of the laissez-faire people is that only the poor are dependent on government, while the rich take care of themselves. This argument manages to ignore all of modern history, which shows a consistent record of laissez-faire for the poor, but enormous government intervention for the rich." From Economic Justice: The American Class System, from the book Declarations of Independence by Howard Zinn.
One answer to these questions is that nobody likes a party pooper. While the housing bubble was still inflating, lenders were making lots of money issuing mortgages to anyone who walked in the door; investment banks were making even more money repackaging those mortgages into shiny new securities; and money managers who booked big paper profits by buying those securities with borrowed funds looked like geniuses, and were paid accordingly. Who wanted to hear from dismal economists warning that the whole thing was, in effect, a giant Ponzi scheme? ...
In fact, both the crisis of 1997-98 and the bursting of the dot-com bubble probably had the perverse effect of making both investors and public officials more, not less, complacent. Because neither crisis quite lived up to our worst fears, because neither brought about another Great Depression, investors came to believe that Mr. Greenspan had the magical power to solve all problems — and so, one suspects, did Mr. Greenspan himself, who opposed all proposals for prudential regulation of the financial system.
I have been a band 8 for about 12 years now. I get consistent PBC "2+" appraisals. I feel I have great and wide technical skills in I/T (I'm probably lacking in the butt kissing, brown-nosing, office politics, and "play the game" skills though! LOL) but I never can get close to my band midpoint in pay or even a chance at a promotion even though IBM says that "skills pay".
I'm not falling for the IBM method of "pimping" their employees. If my manager and IBM still does not know the skills I possess they never will! I will only fill out a skills profile or send a resume to a prospective employer: all on my own without IBM taking any credit for it. I know what they do with these skills profiles and resumes: when IBM is trying to woo and sign a deal with a prospective customer they show them all the high prized skills like I have to the prospective customer to "sell them" on IBM services.
But you know what? If the customer falls for this and signs they don't necessarily get folks with the skills advertised to them. For instance, they might show my skills and resume and then give the new customer a band 6 with less skills. That way the IBM Project exec or DPE can maximize their bonus by deploying cheaper resource rates hoping the work gets done instead of a band 8 like myself that would more than get the job done. IBM might even bill the customer for a band 8 while using a band 6 resource. Improper selling of resources IBM! In this scenario IBM is the pimp or john and I ain't no piece of meat to be owned and sold by IBM! -not_an_IBM_prostitute-
Vault's IBM Business Consulting Services message board is a popular hangout for IBM BCS employees, including many employees acquired from PwC. Some sample posts follow:
I've been trying to understand why I'm feeling this way. Maybe it's leaving a big company with its security (such as it is) for a small company? Maybe it's been that I've been weekdays away from home for this project since July. Or maybe it's the feeling that I'm running away from IBM and this transition project and not sticking it out like my colleagues in the project. Well, it's really all of the above and it's really giving me a hard time thinking about it. I wonder if there's anyone else out there who's been in my position and has come through all right after leaving IBM.
You haven't failed or abandoned your buddies: you've made a life-enhancing decision in your own best interests. I found solace in Is 55:12 every time I felt as you've described above in your note. "You shall go out with joy and be led forth with peace..." Nothing better than that in this life. as we say in Texas, "Buena suerta."
I came to IBM from a smaller company that got bought out by IBM a few years ago. Despite some bright spots, I have to say that I've had a sense of malaise and depression here. I can tell from talking to the employees in their 40s and 50s who talk about the good old days of IBM that something's amiss in today's IBM, or at least IBM and I aren't suited for each other.
I've always admired the insight that you, civilliberty, ABC, and Dose of Reality (and unnamed others) bring to this message board. Thanks a lot guys for your advice and humor.
Through all the troubles I've experienced this year, I have finally found something that allows me to be able to deal with it (after I have experienced NUMEROUS serious health problems all year that have threatened my life). I have been reading the book "The Purpose Driven Life." This has greatly helped me to re-confirm what life should be about, what it is about, and who it is about. TRUST me when I say this really helps put things into perspective, even things beyond IBM (believe it there are things beyond IBM), and has lessened my stress and anxiety. I can now trust that what should be will be, and that I can be happy outside of my current job.
Hopefully this helps, I think we all need help from this crumbling leadership. IBM definitely is not like it was in the good old days! Great luck to you, and everyone else!!!
You have forded the river of opportunity and the reached new shores of equality, freedom of though and freedom of being valued like a human being, not a disposable tool. You have triumphed where many are too scared or too beaten down psychologically, paralyzed to take that one chance to succeed. You are now among an elite. The survivors of one of the most organizationally psychotic companies in the world.
One word of warning, however. You have now probably arrived into an organizationally optimistic organization. Like battered male or female spouses who have left their diseased relationships and suddenly freed slaves, you need to stop and take stock of your new freedom and positive mental environment. Many ex-IBMers fail to change because they can't re-learn the new, more positive and individually rewarding situation that most in the world work in. Like Pavlovian dogs, they can't take the pain, insults and punishment out of their minds.
Take time to decompress and heal mentally. Don't leap at the first opportunity. Don't act like a political mad dog like you were bred to be in IBM, and don't bite the gentle hands that feed you.
You are out of the new 21st century forced slave labor nightmare called IBM. Don't take that nightmare as a chip on your shoulder for the rest of your working life. Take the time to heal yourself and move forward.
Leaving IBM is like withdrawal from a nasty addictive drug that saps your individuality. Move forward slowly and you'll find your past nightmares to be a most invaluable lesson of how things should never be from a corporate, ethical and moral perspective.
The brass ring is now in your hand. It's now your turn to offer it to help other colleagues out of the corporate nightmare called IBM and to move ahead to achieve whatever you define is success! ///
I take it that you are fairly young and early in your career. That you feel as you describe is actually to your credit. You appear to have a loyalty to your transition group that speaks volumes about your work ethic and your work attitudes. IBM may be a huge company but a lot of your job satisfaction comes from your own work group -- which will be whatever size is needed regardless of the size of the larger organization.
But this loyalty and positive association cannot and should not translate into loyalty to the larger IBM, UNLESS that loyalty is deserved. IBM does not deserve this consideration from you -- certainly they don't extend it to you. Until IBM figures out a way to relate to employees better -- and I mean this in for its worldwide work force -- working for IBM is no better and no worse than what your particular work situation is now. (This is also true currently for most other employers, large and small.) Since things do change, that's not really much to count on, so godspeed you on your way.
I tried to separate out the project from the larger IBM, compare and contrast the pros and cons of each, and tried to arrive at a rational decision as to whether to resign or to stay on. I really did try to adapt to the larger IBM organization's work style, but with the siloed structure and what seemed to me a lack of interesting global projects, I felt I was in a straightjacket being in my particular competency. I'm not that young (between 30-40), but this was really my first experience working in a global outsourcing company like IBM and I really missed the esprit de corps and international feel of the smaller company that I worked in before joining IBM.
I'd say my decision was because of the above, plus being away from home often, plus the separation package, plus the opportunities at the new employer. I thought and thought in order to satisfy myself that my decision wasn't a frivolous one based on emotion.
I take your point that my predicament is a common one and something I'll likely see at other employers. Maybe I could have tried harder at IBM, or talk to more people to try and improve my situation. I'm not sure what more I could have done. Even now, I am second-guessing my decision and feeling a knot in my stomach.
By the way, could you tell me what you meant when you wrote "Since things do change,that's not really much to count on"?
My larger point was as that you shouldn't think about this too much and get yourself upset ... some of the answers you got were a bit too emotional and rather too literate (especially the ABC quote ... even though he is a phenomenal writer) ... just move forward and head back to where I suspect you will be "happier."
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