Thin end of the wedge
To answer Mr 'WTF' up there - it's not about the deal on the table (I agree, 8% company contribution is great... even if not as great as the deal offered previously to switch...) it's about pulling the rug from under their loyal employees - these are, after all, by definition the people who joined the company when Lou Gerstner was at the helm, i.e. the ones who helped turn it's fortunes around.
How would you be feeling if, outside of your control or influence, your company executives turned around and said:
"Hey, David, you know that deal you signed up to when you joined the company and we promised to honor? Well, forget it, we've decided we need to make it look like we're making more profit so that the share price goes up and we can line our own pockets with stock options. But, don't worry, dear valued employee that you are, here's a nice yellow banana. Oh? You don't like bananas? Well - I know some mexicans that love 'em"
Biting the hand that feeds IT
