Word: buy-out
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QUESTION 8: These days, no one is in it for the long haul. A smart, enterprising, Harvard-educated Internet startup founder like yourself has a bright future. What is your exit strategy? A) Corporate buy-out. Earn a six-figure salary as CEO, hire a manager, dump your equity and spend the rest of your days playing Microsoft Golf 2000; B) IPO. Drum up hype, watch your stock price sky rocket, dump your equity and move to Vegas; C) Consolidate ownership. Convince your partners that the company is on the fast track to success, confess you are not the most...
...Harvard forced its security guards to work for nearly five years without a contract, by refusing to negotiate in good faith. Harvard's disrespectful treatment degraded the jobs of its unionized security guards so thoroughly that, this fall, roughly half of them decided that they would rather accept a buy-out than remain at Harvard...
...last spring, just before the University broke their union and drove them out of our community. Janitors who have worked in our houses for as many as 20 years have told us that their wages have become so inadequate and their treatment so disrespectful that if Harvard offered them buy-out packages, they would take them...
...been watching the labor disputes between the security guard union and Harvard officials was surprised when most of the guards accepted a buy-out and retired. Harvard guards remain in the Yard, but in the Houses, outsourced guards stand in their stead, with the few exceptions of Harvard guards who switched to SSI, the private company providing outsourced security. The question now is whether the outsourced guards will prove an adequate replacement...
...contract provides an alternative to the "buy-out" the guards had been offered in the past, under which, in return for their resignation, they would have received six months pay plus two weeks pay for every year they have worked as a guard if they have been a guard for over 10 years...