Here we go again,...
,, and I'm pretty sure I made comment at the time about Lloyds staff being culled as soon as the two years was up.
Meanwhile, that new 'bonus' scheme, I'd have rather had the cash, thanks. We didn't get payrises, so we looked forward to the bonus (Although Ginni rolled us over one year, and grade 2's were denied). But this looks like a snide way to buoy up IBMs share price, by taking the dirty old cash they used to pay in bonuses, and buying up stock,...I was in a share reward scheme once before, similar deal, had to wait two years for the options to mature, and then could only realise 20% of each allocation year on year. One guy I worked with was a paper millionaire (nearly) thanks to having 30 years of TUPEd service, ... except by the time the two years came up, our $100 shares were worth less than a dollar, the dot com bubble burst on us.
On an unrelated note, I was watching a bit of Telly on Tuesday, on a slightly backwater channel (UK Channel 5) whilst eating my dinner, and during the ad break, there was an advert for IBM, 'IBM create solutions' or somesuch,... now, I've worked for IBM, I still work in IT, and we've just got budget approval for some more big spends, and we just spent a considerable sum on hardware a few months ago, and you know what? There's nothing we'd buy from IBM, so just who the F! are they advertising to? We are a medium sized organisation (6000 odd seats), we don't need Watson AI, or Z-Series, or IBM Cloud (we're largely an MS house, so Azure and O365), IBM don't make consumer end stuff any more, nothing for the corporate desktop, they don't make servers anymore, so why advertise on Ch5 in the middle of a program about dog training?
Biting the hand that feeds IT
