So who's already started somewhere else and is still waiting for their package? I know a few!!
Double-dippers
- Thread starter Anonymous
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They are so overwhelmed with their new hires I don't think they are going to be after us for starting new jobs. Can you imagine keeping track of over 1,000 reps? Just make sure to do your proper closeout with samples, expenses, etc and you should be OK. If they come after me, I will contact an employment attorney since it wasn't a proper 60-day notice, but actually forced unemployment.
The only thing I'm worried about is, how do we finish our last expenses? There is nobody to even ask anymore.
The only thing I'm worried about is, how do we finish our last expenses? There is nobody to even ask anymore.
George Peck was the only person in the history of pharma to successfully triple dip!
There is a vendor tracking double dippers, if caught one losses severance, stock, vacation, personal and personal time off. Think twice folks.
This just in!!!! Actavis has lifted the ban on starting new jobs! You can now start whenever you want and not have to worry about losing any of your severance, stock, or bonus!! Actavis did the right thing for once!!!!
For once, at long last: The truth about the scum that was GP. He WAS triple-dipping at WC.
In addition to being insane and delusional and sexist. And a bad dresser. And slow on the uptake.
How exactly did you get that message? They disabled our email accounts.
My district manager. Verified from other districts.
If they put it in writing, great. Otherwise I don't trust that company worth squat.
100% stock grant, severance and bonus will be taxed @ 48% in most cases and it's considered earned income, if you have a duel family income, you will likely be elevated to a higher tax bracket for 2014 and will need to shell out more taxes. Provided we find another job this year, Consult your tax person before you go on a spending spree.
Paying off all debt and buying a car, I'm already screwed with tax bracket. Fortunate to say that, most aren't.
Our severance and bonus are regular income. Why are you saying it will be taxed at 48%? Explain 100% stock grant. What is your source of info? Thanks for sharing since we are hearing zip from the company.
Stock is capped at capital gains, 20%. Check your cash-out in October.
Stop lying! Nobody cares about "double dipping" in this situation. Youve been fired for crying out loud. Move on!
Wrong wrong wrong! Bonus is almost always withheld (not taxed) at 40% not 48%, so expect the same here, and likely the same for the meager stocks that most reps have, if any. Your severance is just regular income, so the withholding % will be the same as your paycheck was.
Also, keep in mind that there is not a drug rep in this industry who is in the 48% tax bracket, none. If you consider all of the deductions, like the home owner deduction etc, even millionaires dont even come close. Therefore, even if some of your money is withheld at 40%, you will be getting much of that back as a tax refund next year.
Dont worry about going into a higher bracket, as most of you will not find jobs that pay anything comparable to what you were making, so no need to worry about excess income. Its going to be a long tough road.
Obviously you have no idea "LONG TOUGH ROAD".....Already found a even better job than WC, and pay/bonus is slightly better (and not in pharma). Almost my entire team has easily transitioned into better/similar paying jobs that are actually better career moves. While they were "forced" by the aquisition, it is ALL good from where I'm sitting. Sorry loser.
