Thread regarding Avaya layoffs

Avaya Executives

Please read a filing made on 3-30 called Statement of Financial affairs, it is a long confusing document but as a newly person I have the time. This will make your day. On 5-31-2016 when it was known that we were is deep trouble and they were looking for buyers for Avaya the Executives gave themselves nice retention bonuses as follows:

Dave Vellequette- $1,500,000

Fariborz Ebrahami $ 250,000

Gary Barnett $525,000

James Chirico $2,500,000

Jerry Glembocki $250,000

Kevin Kennedy $ 6,900,000

Lauren Philonenko $250,000

Marc Randall $400,000

Mike Runda $ 400,000

Morag Lucey $250,000

Pierre Paul-Allard $400,000

This my friends is well over $13 million dollars. If you also look there are more lump sum payouts, payment for time off, huge credit card reimbursements,( I thought travel was basically forbidden) and more. Then on 3-1-2017 docket filing #192 asks for another 4 million because they are working so hard getting us out of bankruptcy, talking to customers who knows what else.

Then go on to read the few letters from pensioners asking the Judge to please consider their pensions, which are now stopped,( the supplemental part), and no lump sum payouts.

I am not sure how you feel but does this seem like a money grab before the ship sinks? Like that rich guy on the movie Titanic who stuffed cash into his pockets while the ship was sinking and people were suffering? What are your thoughts?

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true; i realize,

after locating the dockets ; looks the main current leadership activity (at least based on the dockets ) seems to be their 'bonus

last in row being 366; from march 10th

i knew ... i know since years it was for them all about pumping money from avaya

(full time job)

but here .. even in the chapter 11 times ; they are showing what they are ..

you can enter into this with this link :

/>

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Judge suggested the Avaya's laywers to settle the differences with US Trustee. I hope the US Trustree sticks to their gun and told the Execs - no more freebies for you!

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A company ran by dual-citizens should explain it ALL to you folks...

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Really with the money these guys have been draining out of the company it is becoming criminal.

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Really if this is a publicly traded company under scrutiny, these execs would have been investigated for fraud. They've conveniently robbed employees' retirement contribution and rewarded themselves with these bogus "performance plan". They have been doing it for years and only now it wil be exposed with the disclosure in court. They should go to prison instead of getting million more!

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Did Chirico say traditionally Q2 has always been the most challenged quarter for his beloved company so dropping 50% revenues is exceptional?

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Well at least the judge is asking for more info on how did they come up with the target for the performance bonus. Avaya has until April 11 to provide the additional info for him to have a second look at the bonus plan. At least he will have a serious look at this bogus scheme.

Funny that Avaya communication doesn't mention anything about the bonus plan to their employees.

KK is quiet, as he knows his day is numbered . He is only usi his mouthpiece for the internal communication which amounts to zero information and all fluffs.

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I read that document last week. The amount of money they spent to reward themselves for destroying a company is incredible. It's amazing to me that this kind of thing can happen without oversight or scrutiny. These crooks knew exactly what was going to happen, so they made sure they were covered. I can honestly say that I have never seen such worthless "leadership" in my entire career. Buy hey, we all got a hearty congratulations from Chirico for an outstanding Q2. Don't you feel gratified?

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It's like The golden goose has no more eggs to lay ad its whoom has been ripped out

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