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Kick 'em when they're down... at Christmas!

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Frashii
Sir Postalot
Sir Postalot


Joined: 11 Oct 2002
Posts: 1338
Location: Anchorage, AK



PostPosted: 04/25/05 - 15:36    Post subject: Kick 'em when they're down... at Christmas! Reply with quote

Quote:
Bank of America Corp. has sent letters to about 70 employees laid off during its merger with FleetBoston Financial Corp. asking them to repay a portion of the money they received in severance.


http://www.boston.com/business/articles/2005/04/12/bank_of_america_tries_to_reclaim_severance/
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Confused
RealPoor Master of Posts
RealPoor Master of Posts


Joined: 08 Feb 2004
Posts: 6730



PostPosted: 04/25/05 - 15:44    Post subject: Reply with quote

Bank of America is on my list of companies I hate with all my being.
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Maldek
RealPoor Guru
RealPoor Guru


Joined: 16 Oct 2002
Posts: 2089



PostPosted: 04/25/05 - 16:01    Post subject: Reply with quote

Confused wrote:
Bank of America is on my list of companies I hate with all my being.


The Republican Party does not agree with your views.
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lotek
RealPoor Sensei
RealPoor Sensei


Joined: 12 Oct 2002
Posts: 1598



PostPosted: 04/25/05 - 16:11    Post subject: Reply with quote

Confused wrote:
Bank of America is on my list of companies I hate with all my being.


not me, love them. Seriously.

I had somone forge checks with my account number on it. BoA cought it in half a day, refunded all my money, closed the account and had a new one open for me and ready to go when I walked in the bank.

They saved me a world of hurt. I'll be using them from now on.
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Bumen
Rookie
Rookie


Joined: 12 Feb 2003
Posts: 71



PostPosted: 04/26/05 - 05:11    Post subject: Reply with quote

at first glance it looks s****y but read the whole article.

They got 4 weeks pay for each year of service. thats huge right there.

Quote:
Those laid-off employees received severance packages, in which the bank agreed to keep paying them for a certain period of time after they left the bank. Those employees making more than $75,000 got four weeks' severance per year of employment, plus nine extra weeks on top of that, a package considered generous in the industry.


Quote:
For the former employees who received letters from the bank asking for severance pay back, the issue comes down to the agreements that each employee signed before being laid off. In them, the bank told employees how many weeks of severance it would pay and gave them a date when that payout would start. The bank claims that it paid the employees beyond the specified term by mistake, but some of the employees claim they received the proper amounts.
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atarom
Dalai Lama of RealPoor
Dalai Lama of RealPoor


Joined: 11 Oct 2002
Posts: 16395
Location: 375th st. Y



PostPosted: 04/26/05 - 05:15    Post subject: Reply with quote

ahahah that pic is classic.

what?!



what you want i should do, pay them out of my pocket?
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