I need help from the Vol Nation

[droski]

so why does it matter that bonuses were paid to executives?

 

[Fine Vol]

Do you work for En ron?

 

[gsvol]

Appreciate the sincere reply. We got an accountant to figure it out. It is NOT in the contract but the company says if it lost money for the year they get to keep the hold back. According to him since there was a 4th qtr loss we get no 4th qtr profit-no problem with that at all. The main thing is that the company made 9 million for the YEAR so we are entitled to the hold back since it was a quarterly loss and not for the year. The union should be in contact soon when they get all their ducks in a row. It just comes down to whose lawyer talks the best. Again,I appreciate you. Oh yeah I brought my contract home and the hold back is only mentioned once. Has no reason stated for it. Only says it will pay within 45 days of end of qtr or 75 days after year end.

Well maybe you will get some money about March 15th.

If they don't want to, they probably don't have to though.

I don't know that much about profit sharing but if you don't have a signed contract that has very specific language, then you can only ask that they honor their promise.

Here are some important facts about retirement benefits.

The nice company brochures they print up and pass out promising the moon more or less, are meaningless in court.

Unless things have recently changed and I doubt they have, although we all should contact our state legislators and demand that legislation be passed, companies don't have to have a copy of retirement contracts on file with the state, not in Tennessee and probably not in any state.

If you retire and don't get what you think you were promised and you want to take the company to court, then first you hire an attorney to track down that contract, it does exist in some lawyers office in some file somewhere, it may take ten years or more and cost $20,000 or more just for the fist part.

Now your attorney reads the contract, it will probably have so many loopholes and fine print that the company can pay you whatever it cares to or not at all.

That could be remedied if our state legislators would require those contracts be filed with the state before the company gives you those flashy brochures.

Not all companies are bad, but there are no shortage of thieves either.

 

[hmhawk]

Get an AK47 then visit the man who writes the checks SIMPLE

Prefer my SKS personally. Have the good ole standby,.44 cap and ball,for up close and personal. No ballistics. :birgits_giggle:

 

[OrangeEmpire]

 

[hmhawk]

Well maybe you will get some money about March 15th.

If they don't want to, they probably don't have to though.

I don't know that much about profit sharing but if you don't have a signed contract that has very specific language, then you can only ask that they honor their promise.

Here are some important facts about retirement benefits.

The nice company brochures they print up and pass out promising the moon more or less, are meaningless in court.

Unless things have recently changed and I doubt they have, although we all should contact our state legislators and demand that legislation be passed, companies don't have to have a copy of retirement contracts on file with the state, not in Tennessee and probably not in any state.

If you retire and don't get what you think you were promised and you want to take the company to court, then first you hire an attorney to track down that contract, it does exist in some lawyers office in some file somewhere, it may take ten years or more and cost $20,000 or more just for the fist part.

Now your attorney reads the contract, it will probably have so many loopholes and fine print that the company can pay you whatever it cares to or not at all.

That could be remedied if our state legislators would require those contracts be filed with the state before the company gives you those flashy brochures.

Not all companies are bad, but there are no shortage of thieves either.

This has nought to do with retirement. But the fire storm I started has seemed to brought out a second set of books. Numbers keep changing. We have no problem getting a copy of 4th qtr. It's public info and readily available on internet. What got interesting today is the memo posted by a veep and the numbers didn't compare. Also they said they overpaid us but we didn't have to pay it back. If we posted profit in previous 4 qtrs there is no way they overpaid us unless they really didn't make a profit. I smeell something cooking. Nothing like the smell of Farenheit 451. according to there 4th qtr filing with SEC they lost 1+ million. According to today's memo they lost 2.9 million. I don't think those numbers equal. Maybe it's the new math I heard about. Also a 4th qtr loss this year does not effect the previous 4 qtr profits. In their own words they have to show a year end loss. Year end PROFIT was 8.9 million. This will come down to whose side has the best double talking lawyer. I despise a trial lawyer but the union should retain John Edwards-now there's one hell of a crook.

 

[hmhawk]

you think a gators board will tell you what you want to hear?

seems to me all that you want to hear is "yeah man, you were screwed. management sucks, workers rule!"

you might get that from some in here, but they're all still asleep or watching the race.

Oh yeah,turn your sarcasm meter back on. Sheesh!

 

[hmhawk]

NICE!!!!!!!!! I like.

 

[gsvol]

This has nought to do with retirement. But the fire storm I started has seemed to brought out a second set of books. Numbers keep changing. We have no problem getting a copy of 4th qtr. It's public info and readily available on internet. What got interesting today is the memo posted by a veep and the numbers didn't compare. Also they said they overpaid us but we didn't have to pay it back. If we posted profit in previous 4 qtrs there is no way they overpaid us unless they really didn't make a profit. I smeell something cooking. Nothing like the smell of Farenheit 451. according to there 4th qtr filing with SEC they lost 1+ million. According to today's memo they lost 2.9 million. I don't think those numbers equal. Maybe it's the new math I heard about. Also a 4th qtr loss this year does not effect the previous 4 qtr profits. In their own words they have to show a year end loss. Year end PROFIT was 8.9 million. This will come down to whose side has the best double talking lawyer. I despise a trial lawyer but the union should retain John Edwards-now there's one hell of a crook.

I don't think you could do worse that James Neal, his name is (or was) listed in the Nashville phone book.

I doubt he comes cheap but if you can't afford him then I would bet he could recommend someone who specializes in your kind of problem not someone who would sell you down the creek.

 

[truefan]

Could care less about your political views. This is about workers getting screwed by management. If you AIN'T got the money you CAN NOT spend the money. And the hold back is money the employees already earned but told they won't get.

:birgits_giggle:
Welcome to the real world

 

[hmhawk]

I don't think you could do worse that James Neal, his name is (or was) listed in the Nashville phone book.

I doubt he comes cheap but if you can't afford him then I would bet he could recommend someone who specializes in your kind of problem not someone who would sell you down the creek.

Thanks for the referral. I'm hoping the international has good lawyers. I hate having my dues donated to politians and I'll reall be pissed if they don't have legal beagles on retainer. Can't get out because I don't speak spanish and my name ain't Rodriguez.

 

[gsvol]

:birgits_giggle:
Welcome to the real world

As if! :crazy:

Thanks for the referral. I'm hoping the international has good lawyers. I hate having my dues donated to politicians and I'll really be pissed if they don't have legal beagles on retainer. Can't get out because I don't speak Spanish and my name ain't Rodriguez.

Good luck.

Have you thought about obtaining dual citizenship?

I mentioned retirement benefits because of how easy it is under current guidelines to screw employees.

For instance the Gannet organization that publishes USA Today and owns the most newspapers in America has screwed my next door neighbor, a neighbor down the road and me out of $200,000+ and counting and it isn't that they don't have the money, they have about $50 billion in their retirement accounts that they can use to inflate or deflate the stock market.

 

[hmhawk]

As if! :crazy:



Good luck.

Have you thought about obtaining dual citizenship?

I mentioned retirement benefits because of how easy it is under current guidelines to screw employees.

For instance the Gannet organization that publishes USA Today and owns the most newspapers in America has screwed my next door neighbor, a neighbor down the road and me out of $200,000+ and counting and it isn't that they don't have the money, they have about $50 billion in their retirement accounts that they can use to inflate or deflate the stock market.

I hate it that you got screwed by Garnet. I've been screwed before but nothing like this. It is so open it's pathetic. I talked to a buddy this morning and he said the union has accountants and lawyers on it. The veep came out on floor for first time since Friday but didn't hang out very long LOL. I mean we showed documented profit for the previous 4 qtrs and he has the gall to say the company overpaid us but we don't have to pay it back. The memo is a joke. If you want I'll write it in it's entirety and tell ya where to go to read there 4th qtr SEC filing. Profit sharing was the company's idea way back when. They should have made it a year end bonus. They still made almost 9 mill the previous 4 qtrs and we would probably get more. They need to pay what is due and get over it. Next Jan they can cut out profit sharing and give us a dollar raise. That would ebnd this meaningless mind game. You need to know more about mgt's mind set but I'll tell that later if you're curious.

 

[hmhawk]

GSVOL-forgot to tell ya. The dual citizenship remark was funny. I gotta tell the guys at work. Aliens are at the gate and we need some humor,thanks.