in my experience (europe), companies budget EVERYTHING they THINK they are going to need. Budgeting something doesn't mean you're going to actually use the money for the exact purpose you are planning. For me a budget is like a forecast, to estimate profits, or the possibility of doing this or that. Budgets change constantly : for eaxample here they talk of a budget with 27 shows. I imagine that at some pint they would have changed it to 50 shows (more income, more spendings). So it's only normal that they change the budget when they know that Murray is going to work, and so get paid.
The point is to show that they were planning to pay Murray, from May 1st, total amount 1.5 millions, etc.. it doesn't say anything about Murray's status (employee/independant contractor/something else). Murray could have beebn fired even if he was budgeted.
That's my understanding, is it different in the US ?
In the US you will find countless commercials of tough business people doing their estimate earnings pie. :smilerolleyes:
Typically the hired guns are experts in underestimating cost to maximize estimated and anticipated earnings and profits.
Particularly the US economy has GREAT experts available for cooking the books.
The one who presents the most drastic cost cutting measures to the boss that will reflect maximum earnings is gonna run the show.
It's stuff like that that leads to mass firings at GE - cost cutting. When the economy picks up, people get hired. Unfortunately cook bookers tend to forget that re-training new personal is not exactly a cost cutting measure. If you want to know about real cook booking though - gotta go see Wall Street. Or post a status update on facebook.
The expression of "too big too fail" refers to banks 'budgeting' and requiring a government bailout. These budget experts were so good at budgeting that they nearly drove an entire economy into the ground and that is REALLY swapping over in Europe right now.
This whole 'employment drama' around Murray is the ultimate expression of 'the American Dream'. Hire, fire. Oh wait, did we hire him??
So called "at will employment" is the norm. I had colleagues that have worked for 20 years in the same company and have never once signed a piece of paper that is called "contract". On the day they start their job, many sign the 'company handbook' that explains their 'at will' employment.
You'd be surprised how fast HR will strike a fired employee from the books. I have had countless patients standing in front of me who were employed and had of course their deductions for their health insurance. So...let's say after a month of working they came to us and handed us their information. But of course I can't find the lucky folks anywhere in the 'system'. Why? Oh, well, the largest employer of the region 'forgot' to forward their new employees information to the healthcare company - but the employer course didn't forget to deduct the deductions from their employees...
If you have a few millions employees and deduct these costs that you are supposed to pay to the insurance company.... Wild, Wild West, baby.
If you are hiring independent contractors contractors sign, well, contracts.
I think AEG was pretty good at preselecting so many dancers from the European Union and the Commonwealth. Isn't that handy? If the majority are from the European Union they don't have to worry so much about visa and the like.
See the thing is - when you get fresh off the boat from Europe you have this Hollywood view of technological perfection, utter efficiency and professionalism. You would think that someone like AEG would treat their precious cargo (or "hot commodity" as Philipps said during the Murray trial) with gloves.
Then you discover paper checks that people send to their landlord, fax machines and people apparently working 'for free'. Remember the bodyguards saying that they didn't receive their salaries on time?
Budgeting is not done to cautiously reflect into the future - a budget is done to impress. If you think I'm kidding - I'm not.
So, I understood what Tygger meant. For a bunch of CEOs and Vice presidents to even include someone in their budget - I'd like to see how they get out of that number.
ABC7 Court News ?@ABC7Courts 7m
On April 30, 2009, Panish showed a document with $300,000 budgeted for management medical.
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ABC7 Court News ?@ABC7Courts 8m
Panish showed the jury the budget from 5/16/09 for 27 shows:
Management Medical --300,000; 450,000; 750,000
Total: $1.5MM to pay Dr. Murray
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ABC7 Court News ?@ABC7Courts 10m
Hollander: I talked to Mr. Wooley about the inclusion of Dr. Murray in the budget. I talked to Mr. Trell as to the conditions he'd be paid
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ABC7 Court News ?@ABC7Courts 11m
Memo: MJ wishes to have permanent physician available on call thru pre-tour/operational period. There are 2 months at $150K newly budgeted.
Pretour? Newly budgeted? 2 months? He's in the budget? The email about "who's paying his salary" - pretty rough tone for a company that supposedly had not paid him a dime?
I am really not a mouthpiece of any sibling of the family.
AEG unfortunately is an expression of a huge problem in the US. This kind of cr*p happens every day. I do have to say though that it is not just "the big companies".
I recall many biotech companies that took great care of their employees - they were generous with health benefits and some even insured same sex partners where no law required them to do so.
Same thing goes for Union negotiated benefits.
And then compare that to AEG. Stuff like this really depends on company policy and the people who run them. I had a horrible experience at a family owned (!!) company - while other friends were quite happy working for a computer company with their own day care center. Most companies used to have an HR department with attorneys on call. That changed to an HR department apparently consisting of attorneys only - at least that's what I thought hearing about AEG. They don't produce anything, they seem to outsource and hire outside contractors only. It seems that for the most part AEG got away with this business model - in this case Michael actually died.
Okay, I went way beyond budget considerations here. Stuff is being done differently. The grass is always greener on the other side.
The corporate world in the US plays by one rule set - the non-profit world by yet another. Quite a learning process for me. I went to university in Europe and had my first 'real' job in the US, in a major city of all places. Talk about a reality check.
Things are also 'done differently' in what they refer to as "Small Town America".
Los Angeles has the reputation of a weird universe.