Siemens AG (fka SI)

[mudslog]

This new CEO is going to look like a genius. First of all, he was the CFO. A buddy of mine works for Siemens and he said a few months ago that he was given a notice that his pay would be delayed one week so that when he left the company, he would receive two weeks pay instead of one. (his pay statement showed only one week of pay on August 2nd, though he worked two.) What that means is that the almost 400,000 employees have had their pay deferred until they quit. (one week). Multiply the average salary times the number of employees and you will find a massive gain on the balance sheet at the end of the fiscal year. (Sep 30th). I for one will be selling the moment the earnings come out (that look good) in October. You heard it here first folks.