AT&T: Hands Off My Earned Leave!

You heard me Ma Bell.  You too Mellon Bank

BACKGROUND

This is going to be brief, but here’s the gist of it:

  • the company I worked for went into Bankruptcy
  • from the beginning we were assured that wages and accrued Paid Time Off (PTO) would be paid
    • THIS WAS CRITICAL because if 15,000 people started using up the PTO they had accrued, the entire company would have fallen apart before it could have been pieced-out and sold-off
    • it was also policy to pay out PTO if you left the company; there was no “use it or lose it”
  • now the Committee of Unsecured Creditors has objected to the PTO payout, calling them “golden handshakes” and bonuses
  • … nothing could be further from the truth — those who accrued the most hours are those who worked the hardest for the company, and for the creditors during this bancruptcy period — people who put off vacations and time off to BILL HOURS to clients which is the sole source of revenue for the company.  It’s painfully ironic that those who worked hardest are positioned to lose the most…
  • for the record, I wasn’t one of those working the hardest — I used 101% of my annual PTO last calendar year; and I still had over 90 hours in the bank when I left…

Many of my colleagues are writing to the judge to explain their position and situation — that’s all well and good, but there seems to be a very real chance that the judge could find legal reasons to support the objection.  Changing that one man’s mind seems like a slim chance to me…

It’s getting a little late in the process, but it just occurred to me that maybe we can find support in the employees of the Committee members, or in their customers.  Do you want to work for, or give your consumer dollars to, a company that demonstrates such disrespect forhard working employees and their families?  Especially in the middle of a recession?

CALL TO ACTION

  1. If you work for AT&T, tell management that you are aware of this situation and you think it’s a shame.  Feel free to email your corporate lawyers at James.Grudus@att.com (full address below).Mellon employees and customers:  same thing, and Mellon’s lawyer is at david.m.kerr@bnymellon.com

  2. If you agree that this is wrong and want to spread the word:
    LINK TO THIS POST; blog about it, email the link, etc.
    TWEET it — I don’t get fully get twitter, but have at it.
    Visit SaveMyPTO.com for more viewpoints and updates
    If you are a lawyer or legal buff, the case dockets are at BearingPointInfo.com
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4 Comments

Filed under angry, cathartic, corporate rebellion, cuz I'm on a roll, damn lies, debunking, desperate, if you aren't outraged you aren't paying attention, money money money money, property rights, rant, sad

4 responses to “AT&T: Hands Off My Earned Leave!

  1. Below is the full list of the “Committee”, with addresses and emails:

    AT&T
    One AT&T Way, Room 3A218
    Bedminster, NJ 07921
    Att: James W. Grudus, Esq.
    908-234-3318
    (fax) 832-213-0157
    (e-mail) James.Grudus@att.com

    The Bank of New York Mellon
    101 Barclay Street
    New York, NY 10286
    Att: David M. Kerr
    212-815-5650
    (fax) 732-667-9322
    (e-mail) david.m.kerr@bnymellon.com

    Federal Management Systems, Inc.
    462 K Street, NW
    Washington, DC 20001
    Att: Aubrey A. Stephenson
    202-842-3003

    Friedman Fleischer & Lowe
    Capital Partners II, L.P.
    c/o Friedman Fleischer & Lowe, LLC
    One Maritime Plaza, Suite 2200
    San Francisco, CA 94111
    Att: Christopher A. Masto
    415-402-2132
    (fax) 415-402-2111
    (e-mail) contact@FFLPartners.com

    Law Debenture Trust Company of New York
    400 Madison Ave.
    New York, NY
    Att: Robert Bice
    646-747-1254
    (fax) 212-750-1361

    Plainfield Special Situations
    Master Fund Ltd.
    c/o Plainfield Asset Management LLC
    55 Railroad Avenue
    Greenwich, CT 06830
    Att: Robert Friend
    203-302-1763
    (fax) 203-302-1779
    (e-mail) bob.friend@pfam.com

    York Capital Management
    767 Fifth Ave., 17th Floor
    New York, NY 10153
    Att: Charles Hale
    212-300-1300
    (fax) 212-300-1301
    (e-mail) chale@yorkcapital.com

  2. jim

    Glad to see you were one of the employees who understood the difference between working hard and working unsustainably.

    I had never thought about it, but when I don’t take PTO, I am “lending” to my employer. Just like the unsecured creditors lent money and are not getting paid back.

    Lots of people are having “the game changed” midway: AIG, GM, employees, public pensioners, etc. Fortunately we have a legal system with lots of precedent. If the judge is worth his salt, s/he will ingore the letters and just do what the law says.

  3. jim; that’s a good way to look at it — ‘banking’ PTO is very much like lending to your employer. we were just naive enough to think that we’d somehow be prioritized when it came time to collect. not a mistake I’ll make again.

    not sure which letters you were implying the judge should ignore — the “letters” tend to be from employees, the formal legal “objections” are from the creditors looking to withhold the PTO. I’m hoping you’re on “our” side on this…

    thanks for the comment.

  4. Extremely nice article, really educational stuff. Never ever thought I would discover the facts I need right here. I’ve been scouring throughout the internet for a while now and had been starting to get discouraged. Fortunately, I came across your website and got precisely what I was hunting for.

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