RE: GOSSIP LO521

Stever Robbins (stever@verstek.com)
Wed, 22 Mar 1995 19:47:15 +0500

Replying to LO393

> I disagree. The grapevine - exactly because of its methods - is most
> assuredly NOT a good thing, even when apparently positive or benign. By
> its very nature, it is exclusionary and distorting.

Unfortunately, at least for public companies, there is no legal way to
provide full disclosure of major events to employees in any above-board
way.

I have been in a few companies that have gone public, and each time, the
atmosphere changed, since certain "material" information [on hirings,
layoffs, project strategy changes, mergers, etc.] could only be discussed
by directors of the company, and others who were prohibited from dealing
in the firm's stock.

Of course, I still don't think it's right, but...

On the whole disclosure topic... How many out there have freely shared
your salary, bonus, and benefits information with your co-workers? With
your underlings? With peers who make less than you do, yet do essentially
the same (or comparable) jobs?

- Stever

---------------------------------------------------------------
Stever Robbins stever@mit.edu stever@verstek.com
Accept no substitutes! http://www.nlp.com/NLP/stever.html
"You're only young once, but you can be immature forever."