burningprophets

Borders: Interview with CEO George Jones

"We’ve stated that we will trim $120 million in annual expenses as part of a new base operating model for our company, realizing $60 million of that yet this year. It’s a permanent savings—100% of it." ~George Jones

i guess that means that the suspension of the company match on my 401(k) is "permanent". funny, we were all told it would be "reviewed on a quarterly basis". in fact, they posted a notice about the "continuation of the suspension" after the second quarter.

well, at least i don't have to wait till next week to find out what the outcome of the next "review" will be--now i know it's all just blowing smoke...