Corporate Executive Board (CEB) Further Layoffs

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) February 9, 2009 -- The Corporate Executive Board is facing some very tough times. Even with this said, the corporation has been forecasting the current layoffs for quite some time. Many employees report less-than-admirable termination conditions on the Vault.com.

CEB or EXBD is using the local laws in its favor. Many employees report that the company is denying payouts of incentives and compensation until early Summer. Instead of paying-out earned compensation, the corporation is delaying as long as possible under Virginia employment laws. Great for the company, bad for those they laid-off.

We speculate that the delay in compensating employees is due to a major cash shortage within the coporation. Unlike many other companies who are reducing executive pay and variable expenses to keep people on the job, CEB is continuing to pay its current CEO and executive staff their very high six-figure salaries, while most of the laid-off employees scrape by with $300-340 a week in unemployment in an area that is third or fourth most expensive in the United States.

If you want to see pure corporate greed and money being wasted, go to CEB's corporate building located at 1919 North Lynn Street in Arlington, Virginia.
It's speculated that 200-400 employees were terminated last month, more lay-offs are forecasted for April as well.

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