Loki Aftermath Looks Bad 661
einer writes "Things look mighty bad for Loki employees. From this article it appears that some of them haven't seen a paycheck since late 2000. Perhaps the most telling part of the article is contained in a parenthetical near the bottom of the page: "A single employee is listed in creditor filings as being owed almost $350,000 in unpaid salary and in expenses the company incurred using the employee's credit card."" there's a lot of not-so-happy-stuff in this article.
Always get it in writing... (Score:3, Funny)
This has been said.. (Score:1, Funny)
Credit Card. (Score:0, Funny)
How trusting can you be? (Score:2, Funny)
Employees counting on Loki paychecks would experience a long dry spell; as of the end of May 2001, regular payroll payments had not resumed.
So these employees stopped receiving paychecks in December 2000, and some continued to work through May 2001? Talk about falling for the company vision!
I wish I had that kind of credit! (Score:4, Funny)
This same sort of thing happened at a company I used to work at where all of their projects were overdue, and they hadn't been financially prepared to be able to pay the programmers to finish. So the result was that each successive paycheck that was 'missed', fewer and fewer people came into work. Less and less got done -- they never did finish the products as far as I know. It was sorta sad in a way, and I hate for good companies (and good people) to be dragged down by money problems.
-Sou|cuttr
Re:Well (Score:1, Funny)
What more needs to be said? (Score:3, Funny)
"Founded by California intellectual property lawyer..."
Re:I've said it before, and I'll say it again (Score:5, Funny)
Re:Whoa, doesn't the US protect its citizens ? (Score:4, Funny)
And if you want a horror story, I got one word for ya: Ballmer.
Comment removed (Score:5, Funny)
Re:Depends... (Score:3, Funny)
That's one "fringe benefit" of programming for a living: While you crank out work for your employer, you also better yourself. Sometimes, the things you learn are worth much more than your paycheck.
Re:I wish I had that kind of credit! (Score:0, Funny)
You deserve a large frozen trout smacking.
Loki Gnomes (Score:3, Funny)
Step Two:
Step Three: Profit!
The most telling statement... (Score:2, Funny)
I think that says it all.
Re:Depends... (Score:2, Funny)
Yeah, as an employer I'm always impressed by a potential employee's willingness to take it up the ass for me. I don't want intelligent employees that know how to judge a situation for what it is and make the RIGHT decision. Nah, my company will be much better off if all my employees are fools.
.
Don't Forget To Visit Heck (Score:1, Funny)
Dilbert does, and this is why. You might get jabbed with a spork, but accounting will pay your expenses if you are pleasant but persistant. Visit Heck now, or live in Hell later. Also, when you are owed more money than the company's quarterly revenue it's a bad sign.
Comment removed (Score:5, Funny)
Comment removed (Score:5, Funny)