The Poo Poll; Ominous Sign KPMG Employee Scheme Will Fail

We reported in June that KPMG workers were being forced to vote on a scheme which the firm said would help save jobs. We justifiably likened that scheme to the financial plight of failed tennis player Mark Phillipoussis; the Poo isn’t the only Australian that blew all their cash when times were better – KPooMG seemingly did too!

We are still yet to hear from any KPMG spies on the fate of the scheme (please email us!), but we can reveal that an

you want to take the roof over my really really good looking head?
additional ‘option’ is rumoured to have been added; workers able to choose to take 4 weeks of additional annual leave at 50% pay. This option is rumoured to have been in addition to the other “options”.

We can also reveal that if the affairs of Mark Phillipoussis are an indication of whether the scheme will be approved by workers, it seems certain KPMG workers will give it the thumbs down. As reported in The Age (5/07):

Mark Phillipoussis suffereda set-back in his fight to pay off more than $1.3 million in debts when his Williamstown home failed to sell at auction. The … townhouse attracted only three bids yesterday and was passed in at $775,000 after being listed for sale at $950,000-plus… [the Poo] was forced to put it on the market after Pepper Homeloans launched legal action against him in May when he failed to meet the mortgage repayments.

Will the Poo Poll save jobs? Should Mark Phillipoussis ask for a job at KPMG to pay down his debt? Send the Firm Spy your news and views!

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