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Nuances loses $25.8M last quarter--see link - anon

Posted: May 01, 2013

http://www.cnbc.com/id/100690643

With the way they run their company... - not surprising

[ In Reply To ..]
I know it's terrible, but that puts a big smile on my face this afternoon! Maybe they wouldn't lose money if their executive compensation wasn't $55 million per year ($37 million to Paul Ricci alone). You know what their likely response will be to that loss, though; they will try to take more money of the pockets of their MTs.

Executive salaries - Fed up

[ In Reply To ..]
Get yourself a CEO job, then you can make the same amount of money. What does a CEO's salary have to do with you? When you compare job descriptions you will find that they are not the same. Nuance is global with many entities, the MT sector would fill a thimble. They may lose money one quarter in one sector but are still very viable. You can go elsewhere if you don't like their business tactics, no one is forcing you to work for them, no one forced you to go to work there in the first place.

Good points all around! - nm

[ In Reply To ..]
nm

Executive salaries - Just wrong

[ In Reply To ..]
I am not saying that a CEO doesn't deserve to make more than an MT. Of course their job is more difficult than ours is. It is not right and not good business sense for a company to cut pay for their workers while increasing their CEO's salary by leaps and bounds. In 2008, Paul Ricci made about $7 million. His salary increased by more than 5 times that amount in 4 short years. Go ahead and pretend that it doesn't have anything to do with you. You are missing the overall picture of corporate greed here. By the way, I don't work for Nuance anymore. I left almost 6 months ago after my salary was cut almost in half when my company was acquired by them (it was never my choice to work for them in the first place). I got out of there as quickly as I could.

amen to that! Just wrong - workhorse

[ In Reply To ..]
You hit the nail on the head. Making obscene amounts of $ while they cut our wage.

No, not forced to work for them, but they sure lied their _ off to - get me

[ In Reply To ..]
hopefully you do realize that you sound like some one who never had to worry how they were going to put food on their table, perhaps a CEO yourself? Maybe, maybe not. Either way, you must have something better to do with your time than defend this company.

did you see their profits???? - workhorse

[ In Reply To ..]
Yes, a loss for that quarter but did you see what their profits have been? Greedy pigs cut our pay too!

Nuances loses - Nick

[ In Reply To ..]
You know what they say--payback's a, well, you know. Couldn't happen to nicer folks. Glad I'm not an investor!

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