June 29, 2009

To all Employees in the United States and Former Employees at PwC, Deloitte and other Acquiring Entities:

I am writing to update you about BearingPoint’s severance and paid time off (PTO) programs for employees and MDs who leave, or who recently left, the business.

As you will recall, last month a group of our creditors asked the Court to reverse its prior approval of the company’s continued payment of severance and PTO.  We objected to any reduction in the amount of employee claims for both severance and PTO, as we continue to believe that these payments are fair, proper and in the best interests of all parties.  This continues to be our position.

Today, there was a hearing held to approve our use of cash collateral and finalize our ability to pay severance and PTO.  The Court recommended that the parties continue to negotiate the various issues outstanding in the case, including PTO and others, and indicated that a formal ruling would be issued shortly in the absence of a negotiated resolution.  The Court’s prior guidance regarding severance and PTO remains in effect, meaning that we continue to be able to pay severance in regular payroll fashion when an employee leaves the business.  We may not, however, pay PTO at this time.

Ed

There is still time to write to the judge.

Here are a few very good links, which may help you all write your letters.

Address:
The Honorable Judge Robert E. Gerber
United States Bankruptcy Court
One Bowling Green
New York, NY 10004-1408

http://www.arts.state.tx.us/toolkit/advocacy/writing.asp
http://freedom2believe.org/index.php/csi/entries/sample_letter_for_advocacy_regarding_sri_lanka/
http://www.justicewomen.com/tips_write.html
http://www..prisonerswithchildren.org/pubs/ipm/ltj.htm
http://www.cfids.org/advocacy/cfids-activists-smpl-ltrs.asp
http://www.studentadvocacycenter.org/sampleletters/
http://www.nyla.org/index.php?page_id=158
http://www.nyla.org/index.php?page_id=980

“The Last Consultant”

Who am I…??

I am frustrated and disappointed and uneasy about taking a day off from work.   I am upset that I have given my seconds, minutes, and hours to a company that does not truly recognize work life balance.  I am without my 140 hours of vacation time which I worked so hard to earn–-this means I  was essentially working for free. I am the victim of a Bait and Catch, only Bernie Madoff was capable of such an audacious feat.  I am living in an economy that is on the brink of crumbling… could it BE these same creditors who caused this disaster now want a BAIL OUT using my PTO!!  I am fiscally responsible and value every dollar the I have earned and I believe that it belongs to me!!!   I am a person that believes honesty and integrity are the foundation of any business whether it maybe big, small, new, old, present or past.   I am a fighter and I will not be a spectator while others decide my worth!!

“The Last Real Consultant“