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If this turns out to be true the company will be badly hurt. This does not look good for September...--At an Exco meeting on July 14 2008, September instructed that the company had to meet financial targets in order for the bonus pay-out to happen. "The CEO gave instructions for the reduction of quality of services to achieve the financial targets."
--An meeting on October 30 resolved that services should be degraded to save costs so the company could meet its EBIDTDA target.
IIRC, September was Chief Technical Officer, or something like that. One would imagine that his aim in that position was technical excellence at all levels. If these allegations in the memo are correct he has become just another greedy bean counter. It didn't take long, and that is the most disappointing aspect.
This is sad news indeed... degrading QoS in order to get a bonus.
If I was able to, I'd fire him for that... that is just plain greed.
Sounds just like the corporate culture!
The excuse that they have to pay ludicrous bonus's to keep staff does not wash any more. Jobs are being lost due to the world recession. There are lots of able people out there who have recently been retrenched and are looking for a job. This is a great time to clean out. Executives should take pay reductions. They should be happy to be able to keep their job, not demand ridiculous remuneration packages.![]()
If this turns out to be true the company will be badly hurt. This does not look good for September...
If that memo is true...... And if the board is not going to be lead around with fancy foot work from the execs, this has the potential to hit the tv news. But I am not too optimistic that much good will come from it for us.... the consumers
September has done nothing to improve Telkom...