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CoronitaParticipantWhen I left Motorola for Nokia, I did it on zero notice during the most time-intensive peak of an urgent high-visibility program at Motorola. Oh, and I was the only engineer who understood the phone's display design. My bosses were screwed and they knew it. They offered me a 30% raise on-the-spot to stay at Motorola, yet only a few months before they had only offered me a 3% annual salary increase. I turned down the 30% because I knew Moto was going down the toilet.
Ouch. Talk about burning bridges.
Some friendly advice. I wouldn't do this in San Diego or Bay Area. Despite the sheer number of companies in the Bay Area, everyone kind knows someone that ultimately worked with you. I can't count on the numerous times I was in a post-hiring meeting, when a candidate looked great, and talked great…BUT invariably someone "knew" that person at a previous company and had issues with performance/attitude/discipline/etc. This is especially the case if you plan on being in roles of higher visibility.
In San Diego, it's much worse. I invariably burned a bridge with one company, only to have it bite me when I was trying to work with folks from that company elsewhere.
As far as my big promotions and raise increases (20+%), they have always been accomplished when I moved between companies. (about 5 times over 10 years). Never been laid off (yet). Usually because, I've always moved before trouble started. And the easiest way to find a job for me was to talk to the people that I use to work with or use to manage. Funny how things work. Those that you manage you invariably work for in the future, and vice versa.
CoronitaParticipantWhen I left Motorola for Nokia, I did it on zero notice during the most time-intensive peak of an urgent high-visibility program at Motorola. Oh, and I was the only engineer who understood the phone's display design. My bosses were screwed and they knew it. They offered me a 30% raise on-the-spot to stay at Motorola, yet only a few months before they had only offered me a 3% annual salary increase. I turned down the 30% because I knew Moto was going down the toilet.
Ouch. Talk about burning bridges.
Some friendly advice. I wouldn't do this in San Diego or Bay Area. Despite the sheer number of companies in the Bay Area, everyone kind knows someone that ultimately worked with you. I can't count on the numerous times I was in a post-hiring meeting, when a candidate looked great, and talked great…BUT invariably someone "knew" that person at a previous company and had issues with performance/attitude/discipline/etc. This is especially the case if you plan on being in roles of higher visibility.
In San Diego, it's much worse. I invariably burned a bridge with one company, only to have it bite me when I was trying to work with folks from that company elsewhere.
As far as my big promotions and raise increases (20+%), they have always been accomplished when I moved between companies. (about 5 times over 10 years). Never been laid off (yet). Usually because, I've always moved before trouble started. And the easiest way to find a job for me was to talk to the people that I use to work with or use to manage. Funny how things work. Those that you manage you invariably work for in the future, and vice versa.
CoronitaParticipantWhen I left Motorola for Nokia, I did it on zero notice during the most time-intensive peak of an urgent high-visibility program at Motorola. Oh, and I was the only engineer who understood the phone's display design. My bosses were screwed and they knew it. They offered me a 30% raise on-the-spot to stay at Motorola, yet only a few months before they had only offered me a 3% annual salary increase. I turned down the 30% because I knew Moto was going down the toilet.
Ouch. Talk about burning bridges.
Some friendly advice. I wouldn't do this in San Diego or Bay Area. Despite the sheer number of companies in the Bay Area, everyone kind knows someone that ultimately worked with you. I can't count on the numerous times I was in a post-hiring meeting, when a candidate looked great, and talked great…BUT invariably someone "knew" that person at a previous company and had issues with performance/attitude/discipline/etc. This is especially the case if you plan on being in roles of higher visibility.
In San Diego, it's much worse. I invariably burned a bridge with one company, only to have it bite me when I was trying to work with folks from that company elsewhere.
As far as my big promotions and raise increases (20+%), they have always been accomplished when I moved between companies. (about 5 times over 10 years). Never been laid off (yet). Usually because, I've always moved before trouble started. And the easiest way to find a job for me was to talk to the people that I use to work with or use to manage. Funny how things work. Those that you manage you invariably work for in the future, and vice versa.
CoronitaParticipantI don’t trust any of the media. They aren’t very good at predictions, but they definitely are good at pile on the prevalent news. That is, they are great at taking an issue and blowing it completely out of proportion.
When the economy is great and wall street is great, big headlines say how great the economy is. When oil prices are high, they blow it out of proportion that “oil is going to go insane”…Now with the credit crunch, they headlines are all “credit crisis” blah blah blah.
Media, for all purposes, is just to catch eyeballs. That’s why they won’t ever report something against the current trend or reader sentiment. For that, I’m contrarian against the media. Whenever the media is reporting something, I going to be doing the opposite..Because by the time the media reports it, it already happened.
frankly, I’m still pretty bullish about technology…Because working in tech area, I’m seeing companies spending more on tech, simply because they haven’t done so for so long…
Doom-dayers will probably think this is absurd. But, like I said, our own company has been upgrading/updating like mad…And talking with other peers in the industry, they seem to be saying the same thing. The only exception are my peers in the defense industry, which are reporting contract stalls/and tightening budgets, namely because some of the companies are waiting on a big defense contract. If it doesn’t happen, peers are reporting there will be layoffs.
CoronitaParticipantI don’t trust any of the media. They aren’t very good at predictions, but they definitely are good at pile on the prevalent news. That is, they are great at taking an issue and blowing it completely out of proportion.
When the economy is great and wall street is great, big headlines say how great the economy is. When oil prices are high, they blow it out of proportion that “oil is going to go insane”…Now with the credit crunch, they headlines are all “credit crisis” blah blah blah.
Media, for all purposes, is just to catch eyeballs. That’s why they won’t ever report something against the current trend or reader sentiment. For that, I’m contrarian against the media. Whenever the media is reporting something, I going to be doing the opposite..Because by the time the media reports it, it already happened.
frankly, I’m still pretty bullish about technology…Because working in tech area, I’m seeing companies spending more on tech, simply because they haven’t done so for so long…
Doom-dayers will probably think this is absurd. But, like I said, our own company has been upgrading/updating like mad…And talking with other peers in the industry, they seem to be saying the same thing. The only exception are my peers in the defense industry, which are reporting contract stalls/and tightening budgets, namely because some of the companies are waiting on a big defense contract. If it doesn’t happen, peers are reporting there will be layoffs.
CoronitaParticipantI don’t trust any of the media. They aren’t very good at predictions, but they definitely are good at pile on the prevalent news. That is, they are great at taking an issue and blowing it completely out of proportion.
When the economy is great and wall street is great, big headlines say how great the economy is. When oil prices are high, they blow it out of proportion that “oil is going to go insane”…Now with the credit crunch, they headlines are all “credit crisis” blah blah blah.
Media, for all purposes, is just to catch eyeballs. That’s why they won’t ever report something against the current trend or reader sentiment. For that, I’m contrarian against the media. Whenever the media is reporting something, I going to be doing the opposite..Because by the time the media reports it, it already happened.
frankly, I’m still pretty bullish about technology…Because working in tech area, I’m seeing companies spending more on tech, simply because they haven’t done so for so long…
Doom-dayers will probably think this is absurd. But, like I said, our own company has been upgrading/updating like mad…And talking with other peers in the industry, they seem to be saying the same thing. The only exception are my peers in the defense industry, which are reporting contract stalls/and tightening budgets, namely because some of the companies are waiting on a big defense contract. If it doesn’t happen, peers are reporting there will be layoffs.
CoronitaParticipantJust got my raise and bonus, and wanted to poll worker bees to see what are folks seeing this year in terms of raises/bonus.
Mine came in at 4% raise+ 22% bonus for the year (software engineering).
Wife got hers (different company 2% raise + 10% bonus for 6 months).
Is this about what folks are seeing here lately?
CoronitaParticipantJust got my raise and bonus, and wanted to poll worker bees to see what are folks seeing this year in terms of raises/bonus.
Mine came in at 4% raise+ 22% bonus for the year (software engineering).
Wife got hers (different company 2% raise + 10% bonus for 6 months).
Is this about what folks are seeing here lately?
CoronitaParticipantJust got my raise and bonus, and wanted to poll worker bees to see what are folks seeing this year in terms of raises/bonus.
Mine came in at 4% raise+ 22% bonus for the year (software engineering).
Wife got hers (different company 2% raise + 10% bonus for 6 months).
Is this about what folks are seeing here lately?
CoronitaParticipantI live in CV and think the traffic on 56 is great…
I commute east in the morning, and west at the end of the day, which is against traffic (typically, 56 west is bad in the morning, and 56 east is bad in the afternoon).
It takes me about 15 minutes to reach the end of 56 in the morning, and ditto to reach the 5/56 interchange in the evening around 6pm… There’s no problem coasting at 85+mph, minus the CHP’s. Unfortunately, there has been quite a lot of them lately,so be careful. There’s usually one parked right under the Carmel Valley Road overpass westboard in the evening.
CoronitaParticipantI live in CV and think the traffic on 56 is great…
I commute east in the morning, and west at the end of the day, which is against traffic (typically, 56 west is bad in the morning, and 56 east is bad in the afternoon).
It takes me about 15 minutes to reach the end of 56 in the morning, and ditto to reach the 5/56 interchange in the evening around 6pm… There’s no problem coasting at 85+mph, minus the CHP’s. Unfortunately, there has been quite a lot of them lately,so be careful. There’s usually one parked right under the Carmel Valley Road overpass westboard in the evening.
CoronitaParticipantI live in CV and think the traffic on 56 is great…
I commute east in the morning, and west at the end of the day, which is against traffic (typically, 56 west is bad in the morning, and 56 east is bad in the afternoon).
It takes me about 15 minutes to reach the end of 56 in the morning, and ditto to reach the 5/56 interchange in the evening around 6pm… There’s no problem coasting at 85+mph, minus the CHP’s. Unfortunately, there has been quite a lot of them lately,so be careful. There’s usually one parked right under the Carmel Valley Road overpass westboard in the evening.
August 14, 2007 at 6:55 AM in reply to: Oh my… Countrywide just set new rates (effective tomorrow)… #74840CoronitaParticipantSorry, but there is no rational excuse to purchase real estate right now. If you do you are a dumbass, bottom line. You never want to purchase an asset of that scale that is about to plunge in value. Sure, new or luxury cars are a terrible investment in terms of devaluation as well. But let's be realistic with the scale here. While buying a new $50,000 Beamer is surely wasteful, but nothing like a $500,000 house.
You missed my point. For most people, purchasesare "never" rationale.
On the flip side, I would consider a person (like an ex-coworker), who rented for the past 10+ years an equal "dumbass",
1) for throwing money away to a landlord for 10 years
2) for throwing the rest of his money away on crap because he didn't have the discipline to save…This is the problem that a lot of people will have…They don't budget for a home, then they piss away everything anyway.
Now, I wouldn't be "buying" any real estate as an investment right now. But someone that "wants" a home and "can afford" one and doesn't mind a "correction" in the forseeable future, what's the big deal?
August 14, 2007 at 6:55 AM in reply to: Oh my… Countrywide just set new rates (effective tomorrow)… #74959CoronitaParticipantSorry, but there is no rational excuse to purchase real estate right now. If you do you are a dumbass, bottom line. You never want to purchase an asset of that scale that is about to plunge in value. Sure, new or luxury cars are a terrible investment in terms of devaluation as well. But let's be realistic with the scale here. While buying a new $50,000 Beamer is surely wasteful, but nothing like a $500,000 house.
You missed my point. For most people, purchasesare "never" rationale.
On the flip side, I would consider a person (like an ex-coworker), who rented for the past 10+ years an equal "dumbass",
1) for throwing money away to a landlord for 10 years
2) for throwing the rest of his money away on crap because he didn't have the discipline to save…This is the problem that a lot of people will have…They don't budget for a home, then they piss away everything anyway.
Now, I wouldn't be "buying" any real estate as an investment right now. But someone that "wants" a home and "can afford" one and doesn't mind a "correction" in the forseeable future, what's the big deal?
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