Get the latest tech news
IBM Scraps Rewards Program For Staff Inventions, Wipes Away Cash Points
Thomas Claburn reports via The Register: IBM has canceled a program that rewarded inventors at Big Blue for patents or publications, leaving some angry that they are missing out on potential bonuses. By cancelling the scheme, a source told The Register, IBM has eliminated a financial liability by v...
Thomas Claburn reports via The Register: IBM has canceled a program that rewarded inventors at Big Blue for patents or publications, leaving some angry that they are missing out on potential bonuses. By cancelling the scheme, a source told The Register, IBM has eliminated a financial liability by voiding the accrued, unredeemed credits issued to program participants which could have been converted into potential cash awards. We're told that IBM's invention review process could take months, meaning that employees just didn't have time between the announcement and the program sunset to pursue the next plateau and cash out.
Or read this on Slashdot
