Wonderful article on the meltdown and how jacked up everything is right now because nobody saved us.
http://online.wsj.com/article/SB122266132599384845.html
Last night, the new company that bought us finally sent us an offer letter via e-mail and there is some link you follow and a button you press to "accept" the offer. I am an anarchist and I don't like to accept stuff without creating drama. So I am asking around whose pressed the button, making jokes like I heard the first 100 who press don't get paid or get paid, or get bonus or don't, and the last 100 don't get x/y/z, or that after 3000 clicks the button stops working and says "capacity has been reached".
Anyways the whole days been about "did you press the button?" Even the CTO comes out has a meeting w/ all of IT which is like 200 in Tokyo and basically says, "you should press the button" and explains why we should accept it and how there is no reason not to. It is bizzare man. Its like I'm waiting to press the button to start nuclear war, but in reality its nothing but a strawman poll they will give to the new buyers to ensure people are onboard w/ this acquisition. Its a confidence vote.
I haven't pushed the button. In fact ponder not pushing it. You see, they tell you to push it but don't tell you what happens if you dont push it. I asked HR and they also gave me shit like look man this is a great deal push the button dude. And I'm like look man, I am not saying I'm not gonna push the button, I'm saying what the fuck are my rights if I don't push the button, I should make an informed choice. The guy doesn't know but he doesn't think there is any severence or future if I don't since I'll be with a bankrupt entity awaiting the court to assign residual payments.
Let me backtrack, you see, if you push the button, you become an employee of the Japanese bank and forfeit any rights to the bankrupt entity for severence/pay/etc. Thus I ask the natural question "so is there severence if I don't push the button and I stay in the bankrupt org?" Note, 95% of the people don't have the option to sit at a bankrupt company and wait for severence when a paying job is available, but I am different, I am curious if I should go move to China and study Mandarin and Kung-Fu. I am living as free as they come in life. So I must find out the truth.
So anyways I investigate and find out that in Japan employee rights in bankruptcy are #2, right after (#1) paying the administrators of the bankruptcy itself. Thus unpaid salary and severance are top creditors ahead of vendors, bondholders, shareholders, etc. So despite what HR tells me, it seems if I don't push the button I could and should get severence. In Japan Labor law appears to say severence is a right, but only possibly just 1month. So my evaluation is that you can sit and wait for 1 month severance at the expense of everyone saying WTF dude why didn't you push the god damn button???? If it were 3-4months I'd say okay I'm in, but 1 month.. sheesh I might as well sit as they re-org and do nothing for 6 months as they figure out what to do, then collect 70% of my bonus.
So the deadline for the button is 5pm Friday. I'm interviewing w/ some companies Thurs/Fri so depending how that goes will determine if I push the button at 4:58pm on Friday. I'm giving myself 2 min of cushion in case the browser freezes or something.
What nonsense.. push the button..... just push the button..... hellfire of course I'm gonna push the button. What the hell else am I going to do. But so much drama...
Wednesday, October 1, 2008
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