Find below the answers provided on January 7 by Jeanne Schreuder to the questions we had sent in an information request before the third collective bargaining meeting. We have have added two short comments at the bottom.
Hi Philippe,
Thank you for reaching out to me. I have provided responses to your 5 requests below.
This question appears to rest on a factual error. The contract between Lionbridge and Microsoft does not determine the terms and conditions of employment for the employees in this bargaining unit. Lionbridge determines those terms and conditions of employment. Lionbridge’s contract with Microsoft is not relevant to the wages, terms and conditions of employment for bargaining unit employees, and is highly competitively confidential. We respectfully decline to provide it.
The requested information will be provided by Wednesday, January 14, 2015
The requested information will be provided by Wednesday, January 14, 2015
The requested information will be provided by Wednesday, January 14, 2015
5. The union requests the following information:
- the total annual compensation of Lionbridge's CEO
The requested information will be provided by Wednesday, January 14, 2015
- the median of the annual total compensation of Lionbridge's employees
This request seeks information pertaining to employees who are not part of the bargaining unit represented by the union . As such, the law recognizes that this information is presumptively relevant. Please identify the relevance of the requested information. Please note that your response must identify the relevance with particularity; a generalized assertion that it is needed for bargaining is insufficient. When you identify the particular relevance of this requested information, please identify how information pertaining to the compensation of non-bargaining unit employees, without any regard for their skills, experience, training, location, education, jobs, or the other myriad factors that enter into compensation, is relevant to the compensation of employees in this bargaining unit.
- the ratio to the compensation of the CEO to the median compensation of employees
Because this information response is derivative of the request before, Lionbridge cannot response.
Thank you for sending the updated draft proposal.
Jeanne
Since the questions about our CEO's compensation seemed so irritating we did a little research and here are our approximate calculations as there are various ways to compute the CEO's compensation.
Lionbridge CE) Rory Cowan's 2013 compensation according to Business Week or Forbes
Salary: $713.076
Options: 1.129.935
Total depends what is included
Total annual cash: 1.545.365 or including long term options: $3.025.365
by comparison in 2013, at $22 per hour my compensation was:
$ 45.399 (with $874 of overtime)
at $17 per hour, without overtime and on a basis of 160 hours per month the total annual compensation (before any deduction) is $32.640
so the ratio is:
a salary of $713.000 is 15 times a salary of $ 45.000 and 21 times a salary of $32.640
a compensation of $1.545.365 is 34 times a salary of $45.000 and 47 times a salary of $32.640
a compensation of $3.025.365 is 67 times a salary of $45.000 and 92 times a salary of $32.640.
And as for their answer to our first question concerning the contract with Microsoft we think it is highly disputable but we'll not go into the details now.
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