Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Re: Could there be any better reason to ER?
Old 02-02-2007, 02:33 PM   #21
Moderator Emeritus
Rich_by_the_Bay's Avatar
 
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
Re: Could there be any better reason to ER?

"Joe" had better watch his back.
__________________

__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.

As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
Rich_by_the_Bay is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Re: Could there be any better reason to ER?
Old 02-02-2007, 02:38 PM   #22
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
youbet's Avatar
 
Join Date: Mar 2005
Location: Chicago
Posts: 9,965
Re: Could there be any better reason to ER?

Quote:
Originally Posted by Hydroman
The company is a small hi tech growth company and long hours are already built into the culture. On the other hand no one hassled you if you took a comp day, but there was no official policy that I was ever aware of (I am a Manager).
Don't get my wrong Hydro, "Joe" sounds like he could use a few days at charm school and I'd also be perturbed at the tone of his communication if I had received it. But if, as you point out, people are already working long hours as a part of your company's culture, I'm trying to imagine what he was trying to change. Is it possible that a few folks were abusing comp time and "Joe" launched this poorly written communication in an effort to reign them in?
__________________

__________________
"I wasn't born blue blood. I was born blue-collar." John Wort Hannam
youbet is offline   Reply With Quote
Re: Could there be any better reason to ER?
Old 02-02-2007, 02:38 PM   #23
Thinks s/he gets paid by the post
 
Join Date: Feb 2006
Posts: 1,183
Re: Could there be any better reason to ER?

Quote:
Originally Posted by youbet
Hmmmmmmm...... always spell correctly when slamming someone else's spelling! (to instead of too) Just kidding...........
Touche!!! My mind races better than my fingers!
__________________
crazy connie is offline   Reply With Quote
Re: Could there be any better reason to ER?
Old 02-02-2007, 02:41 PM   #24
Thinks s/he gets paid by the post
 
Join Date: Feb 2006
Posts: 1,183
Re: Could there be any better reason to ER?

Quote:
Originally Posted by Hydroman
Actually the Director of HR is a direct report to him and was included on the email.
Too bad that the HR Director does not understand it is part of his goal to prevent problems. This ill thought out email is a loaded gun just waiting to be fired...
__________________
crazy connie is offline   Reply With Quote
Re: Could there be any better reason this to ER?
Old 02-02-2007, 02:45 PM   #25
Full time employment: Posting here.
 
Join Date: Jan 2007
Posts: 585
Re: Could there be any better reason this to ER?

Quote:
Originally Posted by Hydroman
You might get along with him better then you think. "Joe" just came off of a 7 month fly fishing sabatical that I am sure was paid for by the generous equity incentive package he liquidated after executing an "M&A" on the backs of the wage slaves at the last company he worked for.
There are a lot of assholes that try to flyfish. (They usually aren't very good, tip their flies with bait, and won't listen to instruction)
__________________
Cut-Throat is offline   Reply With Quote
Re: Could there be any better reason to ER?
Old 02-02-2007, 02:45 PM   #26
Thinks s/he gets paid by the post
 
Join Date: Jan 2004
Posts: 2,049
Re: Could there be any better reason to ER?

"My take is that exempt employees are paid to get the job done and that could take up to 10-12 hours per day on some days, maybe more. "

And people wonder why I don't want to become a perm employee.

__________________
eridanus is offline   Reply With Quote
Re: Could there be any better reason to ER?
Old 02-02-2007, 02:52 PM   #27
Recycles dryer sheets
 
Join Date: Apr 2006
Posts: 147
Re: Could there be any better reason to ER?

Quote:
Originally Posted by youbet
Is it possible that a few folks were abusing comp time and "Joe" launched this poorly written communication in an effort to reign them in?
He has only been here 3 weeks, so I do not think he knows if there are any abusers or not. His email was only sent to his 5 direct reports which includes me. We are expected to carry the message down the food chain. Joe is the new CFO hired by the BOD to cut costs, and position the company for an M&A or IPO in the next 12-24 months. His incentive is a nice equity package that will fund another 6 months of fly fishing and maybe his own ER. The hell with the rest of us.
__________________
Hydroman is offline   Reply With Quote
Re: Could there be any better reason to ER?
Old 02-02-2007, 03:12 PM   #28
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: Texas Hill Country
Posts: 42,076
Re: Could there be any better reason to ER?

I once worked for a CFO named Joe who shared the same sick work ethic as Hydroman’s Joe. Might even have been the same guy. He was so far out in the workaholic left field that within a few months of taking over the CFO job, he’d sent employee morale into the toilet.

In a staff meeting one day prior to the Thanksgiving holidays, Joe was upset that a pet but non-critical project was behind schedule. He wanted me to put extra manpower on it to get it completed by the end of the month. I mentioned it would be tough to do since the next day was the start of a 4-day holiday. He then launched (for the umpteenth time) into a tirade on how he worked 60+ hour weeks all his working career and expected everyone else to follow his example. He went on about how he had rarely been home in time to see his now grown children before they went to bed, worked most weekends, and had worked the past three Thanksgiving holidays.

Meanwhile, close to FI but not quite there, I listened in silence along with his other direct reports in the room. He finally stopped, ending with his big finish about having worked the past several Thanksgiving holidays, and looked at me.

I said, “Joe, if you are proud of that, then I feel very sorry for you.”

I think he was so shocked by my response that he didn’t know what to say, because we immediately moved on to another subject. To my surprise, he never appeared to hold it against me. Of course he never changed his mind about slavery, but what do you expect of someone like that?


__________________
Numbers is hard

When I hit 70, it hit back

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Re: Could there be any better reason to ER?
Old 02-02-2007, 03:13 PM   #29
Full time employment: Posting here.
shiny's Avatar
 
Join Date: Jun 2005
Posts: 673
Re: Could there be any better reason to ER?

Quote:
Originally Posted by Hydroman
Just received this email from my new boss (CFO). He could not have provided any more incentive to accelerate my
In the words of our president "it's gonna be hard work"... but I'm confident that we can be successful.
Not too swift quoting W re Iraq. Setting himself up for failure IMO.
__________________
I'm made of atoms, you're made of atoms, and we're all in this together. Ben Lee
shiny is offline   Reply With Quote
Re: Could there be any better reason this to ER?
Old 02-02-2007, 03:17 PM   #30
Thinks s/he gets paid by the post
 
Join Date: Jul 2003
Location: Pasadena CA
Posts: 2,695
Re: Could there be any better reason this to ER?

Quote:
Originally Posted by Goonie
Sounds to me like Joe's a brown-nosing SCHMUCK!

My last supervisor was a brown-nosing shmuck, too. We (the employees under his oversight) worked quietly (stealthily) behind the scenes to make certain HIS boss became aware of his ineptness, and thus became increasingly unhappy with him! The shmuck got dumped
Ohhhh, sounds like there is a good story in there. Common, what happened?
__________________
T.S. Eliot:
Old men ought to be explorers
yakers is offline   Reply With Quote
Re: Could there be any better reason to ER?
Old 02-02-2007, 03:27 PM   #31
Full time employment: Posting here.
Sandy's Avatar
 
Join Date: Dec 2006
Location: Florida
Posts: 855
Re: Could there be any better reason to ER?

From ReWaHoo
"Meanwhile, close to FI but not quite there, I listened in silence along with his other direct reports in the room. He finally stopped, ending with his big finish about having worked the past several Thanksgiving holidays, and looked at me.

I said, “Joe, if you are proud of that, then I feel very sorry for you.” "

Great response. These guys thrive on intimitation and fear. A calm, well executed response can do wonders, but alas, I usually think of them hours later. Joe's attitude is scary and pathetic at the same time.
__________________
I would not have anyone adopt my mode of living...but I would have each one be very careful to find out and pursue his own way, and not his father's or his mother's or his neighbor's instead. Thoreau, Walden
Sandy is offline   Reply With Quote
Re: Could there be any better reason to ER?
Old 02-02-2007, 03:45 PM   #32
Thinks s/he gets paid by the post
lazygood4nothinbum's Avatar
 
Join Date: Feb 2006
Posts: 3,895
Re: Could there be any better reason to ER?

i always thought there were legal limits on how many hours an employee can work without being paid overtime even on exempt status.

not that it ever effected this lazy xempted xemployee. the company monitored us by a point system and so i concentrated on the stuff that gave me the most points, which, for me, happened to be the very same stuff that took the least amount of time. hmmm, that worked out well.

i guess that exemption thing can work both ways, if you know how to work it.
__________________
"off with their heads"~~dr. joseph-ignace guillotin

"life should begin with age and its privileges and accumulations, and end with youth and its capacity to splendidly enjoy such advantages."~~mark twain - letter to edward kimmitt 1901
lazygood4nothinbum is offline   Reply With Quote
Re: Could there be any better reason to ER?
Old 02-02-2007, 03:58 PM   #33
Full time employment: Posting here.
 
Join Date: Mar 2005
Posts: 927
Re: Could there be any better reason to ER?

Quote:
Joe is the new CFO hired by the BOD to cut costs, and position the company for an M&A or IPO in the next 12-24 months. His incentive is a nice equity package that will fund another 6 months of fly fishing and maybe his own ER. The hell with the rest of us.
I've lived through one of each of these. Both were hellish, and both resulted in employee cuts as the post-IPO company had a new pressure to make numbers every quarter and the post-merger company gave "redundant" employees the boot.

While I agree that your new boss is a class A jerk, I have to wonder if you have bigger fish to fry. Are you vested in any company stock you may have been issued? Is there some reason to believe you will share in the IPO bounty?

If not, you might want to spend 30-40 hours at work actually DOING work for the company. Whatever floats your ethical boat.

After that, stay an extra couple of hours every evening looking like you're slaving away, though you are actually hard at work on your job search.

Best of luck to you.
__________________
Caroline is offline   Reply With Quote
Re: Could there be any better reason to ER?
Old 02-02-2007, 04:05 PM   #34
Thinks s/he gets paid by the post
SteveR's Avatar
 
Join Date: Jul 2005
Posts: 2,803
Re: Could there be any better reason to ER?

Quote:
Originally Posted by lazygood4nothinbum
i always thought there were legal limits on how many hours an employee can work without being paid overtime even on exempt status.
Not really. Being exempt means you are exempt from certain provisions of the Fair Labor Act. One of them being paid for hours worked in excess of 8 poer day and 40 per week.

Being exempt means you are there to do a job; no matter how many hours it takes.

I don't ever remember working less than a 50 hour week. I am now pushing 60+ hours since I am doing three jobs at the present time. I am compensated for the job grade not for how long I am here.

FWIW, I have worked for several Joes in my career. It was expected you worked 12+ hour days and you were really looked down on if you left before the rest of the herd. After a while you just learn to either accept it or get another job. It sucks but that is the way it is someplaces.
__________________
Work? I don't have time to work....I'm retired.
SteveR is offline   Reply With Quote
Re: Could there be any better reason to ER?
Old 02-02-2007, 04:07 PM   #35
Recycles dryer sheets
 
Join Date: Apr 2006
Posts: 147
Re: Could there be any better reason to ER?

Quote:
Originally Posted by Caroline

If not, you might want to spend 30-40 hours at work actually DOING work for the company. Whatever floats your ethical boat.
I not sure how to take that comment. I am home today on PTO. My work week ended last night at 8:30 after putting in 63 hours since Sunday night. My mistake was logging on to my work email today on my day off, just to find that email from my boss that I posted here.
__________________
Hydroman is offline   Reply With Quote
Re: Could there be any better reason to ER?
Old 02-02-2007, 04:11 PM   #36
Moderator Emeritus
Rich_by_the_Bay's Avatar
 
Join Date: Feb 2006
Location: San Francisco
Posts: 8,827
Re: Could there be any better reason to ER?

My profession (I'm in medicine) culturally has adopted long hours, weekends, and holidays. I knew that, and never object to staying late to take care of patients, to round on weekends in the hospital, or deal with 3 am emergencies. It is part of what I do, so I grin and bear it.

OTOH, when my administrative colleagues start calling for 7 am meetings, 5 pm meetings and weekend "retreats" over and above my already long hours I used to silently fume while playing the good citizen.

But I evolved from that: now I just don't play. Unless it's an unusual situation, I'll go home.
__________________
Rich
San Francisco Area
ESR'd March 2010. FIRE'd January 2011.

As if you didn't know..If the above message contains medical content, it's NOT intended as advice, and may not be accurate, applicable or sufficient. Don't rely on it for any purpose. Consult your own doctor for all medical advice.
Rich_by_the_Bay is offline   Reply With Quote
Re: Could there be any better reason to ER?
Old 02-02-2007, 04:15 PM   #37
Recycles dryer sheets
 
Join Date: Apr 2006
Posts: 147
Re: Could there be any better reason to ER?

Quote:
Originally Posted by SteveR


Being exempt means you are there to do a job; no matter how many hours it takes.
Yes that is clearly understood. So if an employee completes their job in 40, 50 or 60 hours over 4 days, why should the employee have to donate another 8 hours of PTO to the company. In fact using the "paid to do a job" rule, an employee can walk out after 20 hours and get a full weeks pay if "the job is done". That is the law too.

By the way the crux of this topic is not really about the long hours but the expectation that you still need to charge your day off to PTO when you have already put in your hours and completed your job. It is pouring salt on an open wound.

__________________
Hydroman is offline   Reply With Quote
Re: Could there be any better reason to ER?
Old 02-02-2007, 04:28 PM   #38
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
Gone4Good's Avatar
 
Join Date: Sep 2005
Posts: 5,381
Re: Could there be any better reason to ER?

Three words . . . Free Labor Market.
__________________
Retired early, traveling perpetually.
Gone4Good is offline   Reply With Quote
Re: Could there be any better reason to ER?
Old 02-02-2007, 04:33 PM   #39
Thinks s/he gets paid by the post
SteveR's Avatar
 
Join Date: Jul 2005
Posts: 2,803
Re: Could there be any better reason to ER?

Quote:
Originally Posted by Hydroman

By the way the crux of this topic is not really about the long hours but the expectation that you still need to charge your day off to PTO when you have already put in your hours and completed your job. It is pouring salt on an open wound.

Understood.

My company does not do comp. time. PTO, Non-PTO, and death (family; not your own) are the only ways to be "off" without being considered AWOL. When I relocated here I was actually charged PTO to do so. Had I known that ahead of time I might very well have told them to shove the job. However, I learned to deal with it and now have a clear exit plan. I never intended to be here longer than one year but s*it happens and I stayed.

I happen to agree that comp. time should be available for exempts who work excessive hours. My previous company did that for certain levels in the organization i.e., production superviors who had to work several weekend a year etc. Sometimes comp. time was given informally by your boss. He approved your PTO time and could "authorize" some time off as long as it was not made public. I have done that and still do. If HR calls me on it I will simply ask for forgiveness and continue the practice.
__________________
Work? I don't have time to work....I'm retired.
SteveR is offline   Reply With Quote
Re: Could there be any better reason to ER?
Old 02-02-2007, 04:59 PM   #40
Thinks s/he gets paid by the post
BUM's Avatar
 
Join Date: Feb 2004
Location: Mid Hudson Valley
Posts: 1,778
Re: Could there be any better reason to ER?




youbet seems to think the coin might have another side. I like that.

Hate to say it, I might like Joe. Lousy bedside manner. If the handwritings on the wall it does no good to kill the messenger. Thats enough cliches for 1 post.

Regardless of whos side you want to take if the choice is to ER or not to ER... duh, I pick ER Can't go wrong.



__________________

__________________
In a panamax down by the river.
BUM is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
"Why I'm glad I'm retired" reason #437 Nords Life after FIRE 19 04-06-2007 09:28 PM
Another reason to exercise Dreamer Health and Early Retirement 1 03-31-2007 06:51 PM
One more reason REWahoo FIRE and Money 36 09-25-2006 11:35 AM
And yet another reason for RE tangomonster Hi, I am... 8 06-07-2006 01:11 AM
The reason for FIRE! cyclone6 FIRE and Money 38 06-02-2006 06:34 PM

 

 
All times are GMT -6. The time now is 04:21 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.