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Conference 7.286::digital

Title:	The Digital way of working

Moderator:	QUARK::LIONELON

Created:	Fri Feb 14 1986
Last Modified:	Fri Jun 06 1997
Last Successful Update:	Fri Jun 06 1997
Number of topics:	5321
Total number of notes:	139771

1973.0. "PC price cut fallout at a competitor" by ALIEN::MCCULLEY (RSX Pro) Wed Jul 08 1992 20:13

    Excerpts from a report in today's Wall Street Journal:
    
    	"DELL CUTS PAY OF ITS CHAIRMAN, 100 AIDES BY 5%"
    
    {...}
    "The partly symbolic action, which the company said won't extend beyond
    this year, comes amid efforts to slash corporate costs."
    {...}
    "Last month, Dell said that in the second quarter ended Aug. 2, it
    wouldn't hit the 5% to 6% net profit margin reported in recent
    quarters."
    {...}
    "In addition to reducing pay, the Dell spokesman said the company is
    also cutting back on expensive telephone equipment, lavish office
    furniture and company travel -- all in an attempt to keep costs in line
    with the new generation of cheap machines.  However, the spokesman
    emphasized, the company isn't planning to expand the pay cut beyond
    executive ranks.  And the spokesman added that Dell doesn't plan to
    slow a hiring binge that has added about 50 new employees a day to the
    payroll since May."
    {...}
    "Michael Halloran, a national director of the Wyatt Co. consulting firm
    in New York, said the Dell move is intended more than anything else as
    a morale booster for the company's employees."
    {...}
    "'It isn't a poverty move; it's a symbolic move,' said Mr. Halloran."
    {...}

T.R	Title	User	Personal Name	Date	Lines
1973.1	Gutzy!!!	CSC32::MORTON	Aliens, the snack food of CHAMPIONS!	`Wed Jul 08 1992 21:02`	4
	I can respect a company for doing that... Jim Morton
1973.2	Gutzy !!! .NOT. !!!!	WBC::DOERING	DTN 425-3216 Wash BM Center	`Wed Jul 08 1992 22:33`	7
	I'm losing R.E.S.P.E.C.T. for Digital/DEC/D.E.C. for not doing that. Randy PS: And so are our customers
1973.3	Call me cynical if you want...	SNOC01::NICHOLLS	Problem? ring 1-800-382-5968	`Thu Jul 09 1992 02:56`	2
	If I earnt x 100K I probably wouldn't notice a 5% cut, especially if I was also getting such perks as stock options as part of my package...
1973.4		GIAMEM::LEFEBVRE	Makin' the run to Gladewater	`Thu Jul 09 1992 09:55`	6
	re. -.1: True, but executive pay cuts send a symbolic, yet definitive message to the troops. Mark.
1973.5		VERGA::WELLCOME	Steve Wellcome PKO3-1/D30	`Thu Jul 09 1992 10:06`	3
	re: .3 Well, a stock option to buy X shares of DEC stock at 75 (or whatever) is not much of a perk when the stock is 33....
1973.6		FIGS::BANKS	This was	`Thu Jul 09 1992 11:48`	8
	.3: Actually, you may very well feel the cut. Just about anyone has the ability to adjust their spending habits to match (or slightly exceed) their income. It's just that if you made x $100K and took a 5% cut, it'd be much less likely to mean losing something essential (like house, college fund, insurance, car, etc).
1973.7		POCUS::RICCIARDI	Be a graceful Parvenu...	`Thu Jul 09 1992 15:23`	14
	I don't think we need to dock KO's pay. If we want to sell PCs, make me cheap, push our name and most importantly, SHIP THEM OUT! I'm winning the fight to get the order over GATEWAY, IBM, and DELL on price (well, not GATEWAY, with them its quality), but once I get the order, it takes 20-30 days to get the stuff shipped. I'm talking standard 333c stuff. I'm told we "under stocked" in manufacturing. Too bad, cause the project can not wait and therefore we lose. I've got to de-book an order, which will unhook us from an overall order of about 150 PCs this month.
1973.8	The plan it keeps a changin	NECSC::ROODY		`Mon Jul 13 1992 14:44`	9
	re .5 >Well, a stock option to buy X shares of DEC stock at 75 (or whatever) >is not much of a perk when the stock is 33.... True. Which is why the plan was amended to allow Stock Grants. I'll take an infinite number of $33 shares if they cost me $0. /greg