| exchange Administrator - United States |
Corporate culture was suit & tie, 80+ hours a week from all IT support
personnel, which stated out with bonuses. After 6 months and numerous
mergers and acquisitions (company never closing one deal nefore starting
another) coupled with the Monura bank scandal of 1998, their stock took
a steep dive, and did not recover to the point where they could sell
their financing at a competetive rate (too much debt load, and could not
match the points offered on financing from the other major houses - I.E.
G.E. Capital, etc..) Once the slide started, all IT raises and bonuses
were shelved on a permenant on-hold status, while the merger with AT&T
Capital continued (we bought them, but they took over) - less than one
year after leaving the then IT sweatshop - C.I.T. merged with them and
Newcourt Financial ceased to be... And we all know what happened to
TYCO (who merged with C.I.T.). The top execs at Newcourt personally
bankrupt many employees with their employee stock purchase plans (all
the while bailing on their own). while the IT experience was very good
from a technical standpoint (diverse applications and support training
opportunities), I am very displeased with the way the company turned
out...
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