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Cunning bosses

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Post by Rishi Thu Apr 25, 2013 12:20 pm

I wrote to the CEO of my company and asked her for a raise. I listed all the stuff I have done for the client. She wrote me back praising for my service and gave me a 6% raise.

I got the 6% raise alright. But she stopped matching 401(K) contributions.

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Post by Propagandhi711 Thu Apr 25, 2013 12:50 pm

something abt this story doesnt add up. it's a rishi story alright

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Post by Hellsangel Thu Apr 25, 2013 1:00 pm

Propagandhi711 wrote:something abt this story doesnt add up. it's a rishi story alright

Which part? That his CEO is the one giving out raises or that it is actually cheaper for a corporation to match 401k than to give a raise?
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Post by southindian Thu Apr 25, 2013 1:08 pm

Rishi wrote:I wrote to the CEO of my company and asked her for a raise. I listed all the stuff I have done for the client. She wrote me back praising for my service and gave me a 6% raise.

I got the 6% raise alright. But she stopped matching 401(K) contributions.

Can't possibly be unless the CEO is running a shop out of a garage.
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Post by Marathadi-Saamiyaar Thu Apr 25, 2013 1:09 pm

Propagandhi711 wrote:something abt this story doesnt add up. it's a rishi story alright

I would think that 401K contributions are legally binding as per company rules and appointment letter/contract. One can cause serious problems to the "higher-ups" for any arbitrary slip-ups in this.

Getting a 6% raise directly from CEO is nothing new. ANY of his superiors - with budgetary control can theoretically give a raise.

Rishi - you should use your Charm with your CEO...May be she is the one you met at the pizza shop ???

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Post by Rishi Thu Apr 25, 2013 1:41 pm

It is a bodyshop with just 20 employees.

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Post by Propagandhi711 Thu Apr 25, 2013 1:42 pm

so your mgmt can give and take 401k matching benefits per individual?

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Post by Rishi Thu Apr 25, 2013 1:47 pm

Propagandhi711 wrote:so your mgmt can give and take 401k matching benefits per individual?

It was a companywide decision.

She stopped matching for everyone.

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Post by Propagandhi711 Thu Apr 25, 2013 2:00 pm

Rishi wrote:
Propagandhi711 wrote:so your mgmt can give and take 401k matching benefits per individual?

It was a companywide decision.

She stopped matching for everyone.

*because* she had to give you a 6% rise

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Post by Propagandhi711 Thu Apr 25, 2013 2:50 pm

Hellsangel wrote:
Propagandhi711 wrote:something abt this story doesnt add up. it's a rishi story alright

Which part? That his CEO is the one giving out raises or that it is actually cheaper for a corporation to match 401k than to give a raise?

the one where the CEO didnt invite ward#4 almost-IIT graduate to her house and try to molest him after giving him wine and 6% raise. that I cant believe it didnt happen

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Post by southindian Thu Apr 25, 2013 2:52 pm

Propagandhi711 wrote:
Rishi wrote:
Propagandhi711 wrote:so your mgmt can give and take 401k matching benefits per individual?

It was a companywide decision.

She stopped matching for everyone.

*because* she had to give you a 6% rise

6% salary raise for Rishi = 5%-6% matching contribution in 401K for 20 people

WOW Rishi, you should be happy to get such a big raise.
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Post by Marathadi-Saamiyaar Thu Apr 25, 2013 3:39 pm

Rishi wrote:
Propagandhi711 wrote:so your mgmt can give and take 401k matching benefits per individual?

It was a companywide decision.

She stopped matching for everyone.

That can be done...

So you should be clear saying that the company stopped matching funds, and then when you got a 6% increase.

I tell ya...with a female as your CEO and your "Viswamitra Rishi's" charisma you have a great opportunity.

P.S. my own company stopped matching funds starting Jan - but since I will never retired I did not care.

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