I don't remember the exact quote or who said it, but it goes something like
Success is how high your bounce when you
hit the bottom.
There were so many responses to my outreach on this topic.
I may think it is time for some class action lawsuits!
Here are a couple stories that might cause you to sit
straighter in your chair and think smarter about your future.
Example #1: A 62 yr old man, we'll call him Frank, has
been an exemplary life long employee of a major corporation. His job
title was 'Director of Facilities Management'. The company was
bought out and like rats from a sinking ship, his counterparts and peers
quickly found other positions.
Frank and 8 or 10 other management people were approached by
the new owners who declared their positions were safe and were promised big
raises if they would stay on. So Frank and his associates buckled
down, worked harder, made the management transition WORK.
I'll bet you can see where this story is going?
A few weeks ago Frank and his friends were called together
in a meeting. All of them were sure that they were to be told their
raises would be in effect retroactive. Not only did Frank NOT get his
promised $30,000 raise, they were all told to pack their bags and hit the
No severance package, their retirement pensions were gone
and they were only given one week's pay.
I asked Frank if they were going to file a lawsuit. No
he said, they couldn't fight the big machine and really didn't want to.
One of the tragedies of this unfortunate event is that Frank
had been offered several good jobs during the 'transition' period.
So what is Frank to do? He's thinking about getting an
insurance license and working for a company offering Medicare supplemental
We'll keep an eye on Frank and let you know how he is doing!
More on this topic? See what is happening to
teachers! Click HERE
Relevant Baby Boomer Bash document:
Your stories about downsizing and getting the 'boot' for any reason are
welcome! We'll collect them, consolidate and publish. No real
names or people are used so fear not. We'll protect your privacy and
[ Home ] [ Up ] [ Self Employed ] [ Passive Income ] [ China Connection ] [ Foreclosures ] [ Down Sized ]
[ Down Sized Two ]