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Tuesday, May 12, 2009

CEO dialogue, Part 2

Finally, our CEO Dialogue is over this morning!

Yes... he came in a bit late today, may be its very jam from his area!

Anyway, he made some announcement during our dialogue session, the 2 bad news are:

1. No yearly increment!
2. No yearly bonus!

But, 2 or 3 so called good news are:

  • ESOS Scheme is back again and has been finalized on a price of RM2.96 per share, but will be locked our allotted shares for 2 years to avoid the staff in selling their shares at anytime any price... e.g. there are staff will sell their shares when they earn RM0.10 or even few cents. But there are also some smartest staff keep their shares for few years and selling their shares at RM4.00 or even higher!

    Lesson given by CEO: Don't 'goreng' shares, it will make you die faster! Staff is strictly not allowed to ‘goreng’ shares!

  • Mid term bonus will be given if our Group sales managed to hit the targeted amount of RM1 billion by 31 July 2009! Than all the division and / or department staff will be entitled for a mid term bonus by 31 August 2009. (Pray hard please!)

    Lesson given by CEO: Beside Sales & Marketing staff, all the Setia staff are entitled for this mid-term bonus.

  • Medium Cost Apartment at RM130,000.00++ c/w 3 bedrooms @ 800 sqft with 2 car parks allotted. Beside 100% loan package is available. Meaning to say that staff who haven't own a property are encouraged to buy their new home from the company. Else you may invest on it and sell it after VP / CF.

    Lesson given by CEO: Staff is encouraged to invest on properties for extra income.

The whole dialogue session takes for 1 hour, we are not daring to speak out during the time but sitting there nicely until he said thank you! We dismissed from the sales lobby and get back to work after the dialogue session.

BTW, our ‘tai kor’ big bosses, Dato’ Voon, Mr CJ Khor, Mr Tan HL, the most bergaya ‘tai kar jeh’, Cik Yati (newly promoted with a new company car – Mercedes Benz C Class given) also attending today’s dialogue session.

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