How secure is your job?

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ipoplaya said:
Boston2theBay said:
You've got it Ten. This is the SC mentality. The education at USC is first-rate, but its the social environment that pays the biggest dividends later in life.

Fight On!
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I always thought the SC mentality was booze it up large and chase a lot of tail? :)
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ipo - You got that right..except I missed the bulletin that this applied to eveyone EXCEPT engineers. So it too me quite a while to graduate. But I had a heckuva ride.
 
My husband and I are both teachers. We've been teaching long enough that both of our jobs are secure. We don't have anywhere near the income potential that most of you have of course. But we make just under $200K a year, that is with 2 months off in the summer, 3 weeks at Christmas, a week in the Spring and various other holidays. We can leave for work at 7:00 am and be home by 3:00 if we like. We work hard and enjoy that are jobs are different everyday. I guess your jobs probably come with their frustrations, as do ours. We aren't extravagant in our lifestyle of course, but it's a pretty good life and our jobs are secure.
 
usctrojanman29 said:
Btw, can anyone refer me a good employment lawyer in Southern California?
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In one of his posts, IPO said to PM him for this.... When I got laid off from a Fortune 500 a good portion of my compensation was bonus (manage by objective) and they didn't include the bonus in the severance. Still, I was so glad to be out of there because my contract said that I had to PAY them if I left before two years. I was naive enough to think that they could hold that up in court, but I ended up so much better off anyway. While this recession is far worse, deeper and longer than the one in 2001, I was in tech when I got laid off in late '01 and it still turned out better.

There's always a part of you that feels unvalued when you get the pink slip, but man if you have value, a lot of other people and companies know it. Even in the bad times, there are opportunities. If I were you SC, I'd take a nice long trip. You can send the unemployment update in late without issue. Your dollar still goes far in Argentina and it's summer there and right now the kiwi dollar is 55 cents, so you can enjoy yourself in the New Zealand summer.
 
stepping_up said:
usctrojanman29 said:
Btw, can anyone refer me a good employment lawyer in Southern California?
Click to expand...

In one of his posts, IPO said to PM him for this.... When I got laid off from a Fortune 500 a good portion of my compensation was bonus (manage by objective) and they didn't include the bonus in the severance. Still, I was so glad to be out of there because my contract said that I had to PAY them if I left before two years. I was naive enough to think that they could hold that up in court, but I ended up so much better off anyway. While this recession is far worse, deeper and longer than the one in 2001, I was in tech when I got laid off in late '01 and it still turned out better.

There's always a part of you that feels unvalued when you get the pink slip, but man if you have value, a lot of other people and companies know it. Even in the bad times, there are opportunities. If I were you SC, I'd take a nice long trip. You can send the unemployment update in late without issue. Your dollar still goes far in Argentina and it's summer there and right now the kiwi dollar is 55 cents, so you can enjoy yourself in the New Zealand summer.
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I'm gonna PM IPO for the contact. It's the principle of the matter, I earned that commission bonus income and they are trying to shaft me by letting me go 4 weeks before it gets paid out. Funny how my boss (who has no new business coming in since all his clients are residential builders takes my entire portfolio/clients even though he is swamped with REO work instead of giving to my buddy who knows my stuff pretty good). Someone had to be let go and I had the big red target on my head since I have strong clients who are looking to get some loans. I will take a little trip, but I'm talking to my clients and a few search firms about bringin over my book of business (clients, their loans, and deposits) over to a bank thats still lending.
 
usctrojanman29 said:
stepping_up said:
usctrojanman29 said:
Btw, can anyone refer me a good employment lawyer in Southern California?
Click to expand...

In one of his posts, IPO said to PM him for this.... When I got laid off from a Fortune 500 a good portion of my compensation was bonus (manage by objective) and they didn't include the bonus in the severance. Still, I was so glad to be out of there because my contract said that I had to PAY them if I left before two years. I was naive enough to think that they could hold that up in court, but I ended up so much better off anyway. While this recession is far worse, deeper and longer than the one in 2001, I was in tech when I got laid off in late '01 and it still turned out better.

There's always a part of you that feels unvalued when you get the pink slip, but man if you have value, a lot of other people and companies know it. Even in the bad times, there are opportunities. If I were you SC, I'd take a nice long trip. You can send the unemployment update in late without issue. Your dollar still goes far in Argentina and it's summer there and right now the kiwi dollar is 55 cents, so you can enjoy yourself in the New Zealand summer.
Click to expand...
I'm gonna PM IPO for the contact. It's the principle of the matter, I earned that commission bonus income and they are trying to shaft me by letting me go 4 weeks before it gets paid out. Funny how my boss (who has no new business coming in since all his clients are residential builders takes my entire portfolio/clients even though he is swamped with REO work instead of giving to my buddy who knows my stuff pretty good). Someone had to be let go and I had the big red target on my head since I have strong clients who are looking to get some loans. I will take a little trip, but I'm talking to my clients and a few search firms about bringin over my book of business (clients, their loans, and deposits) over to a bank thats still lending.
Click to expand...

Sweet!
 
I think the bigger problem for the police/fire/prison workers is going to be the shortfalls in local government tax revenues. These unions negotiated lucrative benefit packages when tax revenues were rising rapidly with the housing bubble. Local governments will be forced to cut back as revenues decline.

You are correct. I think our unions will have agree to a pay cut, or we will face layoffs as well. I just happen to have enough seniority that I don't have to worry about it. Most ppl think that public safety won't be touched, I disagree. It happened to my former dept in CT in the early 90's. The Governor laid off 10% of my dept (State Police) until we accepted a pay cut that brought them all back.

BTW, LAPD is still hiring as far as I know.
 
tmare said:
My husband and I are both teachers. We've been teaching long enough that both of our jobs are secure. We don't have anywhere near the income potential that most of you have of course. But we make just under $200K a year, that is with 2 months off in the summer, 3 weeks at Christmas, a week in the Spring and various other holidays. We can leave for work at 7:00 am and be home by 3:00 if we like. We work hard and enjoy that are jobs are different everyday. I guess your jobs probably come with their frustrations, as do ours. We aren't extravagant in our lifestyle of course, but it's a pretty good life and our jobs are secure.
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Sounds like you two have a great life. Be happy that you have so much free time to spend with each other. That is priceless.
 
Boston2theBay said:
ipoplaya said:
Boston2theBay said:
You've got it Ten. This is the SC mentality. The education at USC is first-rate, but its the social environment that pays the biggest dividends later in life.

Fight On!
Click to expand...

I always thought the SC mentality was booze it up large and chase a lot of tail? :)
Click to expand...

ipo - You got that right..except I missed the bulletin that this applied to eveyone EXCEPT engineers. So it too me quite a while to graduate. But I had a heckuva ride.
Click to expand...

It’s all good!

Just keep things in perspective and press forward.

We’re the modern day version of Roman generals.

Caesar directs us to expand the Empire.

It’s on us to increase market share and profits, while crushing the competition.

Here's how I see it

gladiator_emperor.jpg
 
My CEO just asked me to start noodling on wind down strategies, i.e. selling off assets, getting out of obligations, maximizing exit cashflow, etc. It's looking like I may spend the next few months trying to dispose of most of our business... I think my revised forecasts that I sent last night scared the poop out of him.

Where can we sign up for a bailout?!
 
SC,

Where are you going on the trip? Please don't say Vegas :) The biggest thing I remember about getting laid off is this sudden sense of freedom. I went to Europe for two months and just had a blast. Now with the hub and two mortgages, it would probably feel different, but in your situation, I do hope you get to go do something fun.
 
ipoplaya said:
My CEO just asked me to start noodling on wind down strategies, i.e. selling off assets, getting out of obligations, maximizing exit cashflow, etc. It's looking like I may spend the next few months trying to dispose of most of our business... I think my revised forecasts that I sent last night scared the poop out of him.

Where can we sign up for a bailout?!
Click to expand...

PM: HankyPa

I hear he is good at that.

Also helps if you have been regularly contributing to the Bush dynasty for a while...
 
tenmagnet said:
We’re the modern day version of Roman generals.

Caesar directs us to expand the Empire.

It’s on us to increase market share and profits, while crushing the competition.
Click to expand...

If Caesar was a cost-cutting CEO, his men would've been told to fight with improvised hill-billy armor.

FJIM4GLF8DOU3GF.MEDIUM.jpg
 
tenmagnet said:
Boston2theBay said:
ipoplaya said:
Boston2theBay said:
You've got it Ten. This is the SC mentality. The education at USC is first-rate, but its the social environment that pays the biggest dividends later in life.

Fight On!
Click to expand...

I always thought the SC mentality was booze it up large and chase a lot of tail? :)
Click to expand...

ipo - You got that right..except I missed the bulletin that this applied to eveyone EXCEPT engineers. So it too me quite a while to graduate. But I had a heckuva ride.
Click to expand...

It’s all good!

Just keep things in perspective and press forward.

We’re the modern day version of Roman generals.

Caesar directs us to expand the Empire.

It’s on us to increase market share and profits, while crushing the competition.

Here's how I see it

gladiator_emperor.jpg
Click to expand...

And never lose the love for the rockstar lifestyle.

always drive for what you most deeply desire.

and, the new one I'm learning, is what you give comes back 10x to you. Kind of like passing the ball.
 
ipoplaya said:
My CEO just asked me to start noodling on wind down strategies, i.e. selling off assets, getting out of obligations, maximizing exit cashflow, etc. It's looking like I may spend the next few months trying to dispose of most of our business... I think my revised forecasts that I sent last night scared the poop out of him.

Where can we sign up for a bailout?!
Click to expand...

Here's a tip

Have the CEO change the firm’s name adding in the word “Bank”.

Then, you’ll get bailout assistance for sure.

Glad I could help.
 
tenmagnet said:
ipoplaya said:
My CEO just asked me to start noodling on wind down strategies, i.e. selling off assets, getting out of obligations, maximizing exit cashflow, etc. It's looking like I may spend the next few months trying to dispose of most of our business... I think my revised forecasts that I sent last night scared the poop out of him.

Where can we sign up for a bailout?!
Click to expand...

Here's a tip

Have the CEO change the firm’s name adding in the word “Bank”.

Then, you’ll get bailout assistance for sure.

Glad I could help.
Click to expand...
Just don't use "Motor"... doesn't work as well.
 
Anyone work at Broadcom or know anyone who works there? There's a position for manager of their real estate leasing group that seems might be a nice fit for me.
 
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