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Old 05-31-2001, 11:10 AM   #4
Memnoch
Ironworks Moderator
 

Join Date: February 28, 2001
Location: Boston/Sydney
Posts: 11,771
Thanks guys, external events have forced my hand in getting a DSL. My ISP, a company called OneTel, has just gone bankrupt, apparently they only have enough cash to pay employees their entitlements for 1 week and that's it. This is after the 2 founders of the company paid themselves $7.5m bonuses EACH on top of their $500k salaries last November. The very next day OneTel recorded a $290m loss (or something around that). Now they've gone belly up and bad luck on the mum and dad investors, and for the workers.

What do you think the chances are of these 2 guys giving their bonuses back so that their staff can be paid? ZERO!!!

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