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Google Paul Ricci 2015 and look at the - first quarter conference call. Expenses

Posted: May 27, 2015

to be cut. Right up there, global labor optimization and workforce reductions. "We've initiated a more formal program targeted to deliver $125 million in expense reductions by the end of FY '16. This initiative includes reduction to services and products from third parties, real estate site consolidation, streamlining management layers and global labor optimization, including workforce reductions. The program is already delivering measurable results."

"Measurable results"? - How does he sleep at night?

[ In Reply To ..]
How about a reduction in your salary Paul, along with the rest of us??

End game - T.T.

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My husband has a hypothesis about companies like Nuance. He thinks that the CEO's come in, increase profits while decreasing costs in a manner which strip-mines the company and leaves it utterly depleted. The CEO then collects his or her bonus for a job well done and moves on to another company, leaving the original one to wither and die. Just a thought.

And they leave a pile of human rubble behind - While they laugh all the way to the bank.

[ In Reply To ..]
Not to mention the patients that suffer, the healthcare providers that thought they were providing a service to help their patients, etc., etc.

I agree that is the game in these corporations - and billion dollar CEOs.

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1

sniveling little excuse for a man - NM

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X

Proud? - anon

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As a mother of grown businessmen, I wonder what Paul's mother must think of her son. Do you think she's proud? I would be mortified and heartbroken if my sons treated their employes even remotely close to the way this "man" (used extremely loosely) does. What a horrible, corrupt and immoral human being he is.

When I read what he wrote I think of the movie Christmas Vacation - MT

[ In Reply To ..]
Remember the scene where instead of a big bonus for Christmas, Griswold gets jelly of the month club. His crazy cousin then kidnaps the CEO and that guy is brought to the Griswold house I think on Christmas eve. The guy sees how the family is suffering and then gives him a better bonus so they can have a pool and fly the whole family in. Griswold faints.
Conversely, Nuance and its CEO is the horror story quite the opposite of Christmas vacation. In this scenario they don't even give jelly and of course no pool, no flying in, and no Christmas dinner. Life is stranger than fiction.

Immoral - Meh

[ In Reply To ..]
Immoral, unethical, but not illegal. That's why there's laws, to prevent callous people from doing whatever only benefits them and harms everyone else. What Paul does is actually ethically as "criminal" as if he committed a robbery, maybe even worse, since he doesn't need all that money, as opposed to a robber who may actually need money. Too bad there's no law prevent him from treating employees like dirt and moving all the jobs overseas, only because it would benefit his own bottom line.

Vulture capitalism. Welcome to your country ruled by corporations. - Just lovely.

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Oh, but hey, the millionaires and billionaires just got yet another tax cut thanks to a Republican controlled Congress. After all, this is a "free market!"

Corporations are people, my friend! - yeah, right.

[ In Reply To ..]
xxx

The usual class envy excuse. - NM

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NM

The usual class envy excuse - for what?

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Am I to believe you work for Nuance and you are proud our CEO makes the billions and we make the minimum and you think that is right and when we complain it's an excuse? Do go on.

Please explain.

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