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2006-06-18 Home Front Economy

Naval officers to bid for service buyouts

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Posted by Anonymoose 2006-06-18 16:12|| || Front Page|| [5 views since 2007-05-07] Top

#1 A perverse version of Name that Tune.

Posted by RWV 2006-06-18 17:54|| 2006-06-18 17:54|| Front Page Top

#2 "In actuality much of what happened, in the Navys experience anyway, during the drawdown is we ended up having the wrong people leave the service, perhaps, she said.

Meaning they had a lot more junior officers take the buyout than they expected. Frankly, it was a good deal and a good time to leave.

Posted by Pappy 2006-06-18 21:25|| 2006-06-18 21:25|| Front Page Top

#3 I suggest there's no "perhaps" about it.

It's not a perfect parallel, I'm sure, but the oil industry played the voluntary golden parachute game from the late 80's through the mid-90's, and they're still paying for it.

The ones who were the most valuable took the deals and left - they knew they could find excellent employment opportunities. What the oil companies retained was staff that was very heavy with dead wood.

Within two years, the brilliant architects of the scheme were starting to call up their previous employees to offer them consulting contracts - at 3-4 times the salary package they had previously paid them.

Wouldn't it make more sense to target those who are, by peer review, failing to perform up to standard - and offer them a fair deal? Start there, anyway.

Posted by Slatle Chomotle5631 2006-06-18 21:40|| 2006-06-18 21:40|| Front Page Top

#4 Part of the problem is that there are not enough billets for ensigns in the restructured Navy.

Posted by RWV 2006-06-18 22:14|| 2006-06-18 22:14|| Front Page Top

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