I'm recovering a topic that's now hidden under all the anger, betrayal, angst and disapointment that comes after management messes with the rank and file.
While they were planning your pay cuts, management was celebrating at a football game. That's right, they flew themselves, some clients and some prospects to the San Francisco Bay Area to take in the sights and enjoy a CATERED picnic before the Stanford V Colorado football game. They had game tickets, wine, beer, food. Staying around Stanford isn't cheap, either. While I don't know this for certain, it wouldn't be a stretch if they put people up in San Francisco (only 40 minutes away from Stanford).
Yep, they were spending the money they were taking out of your pocket before they told you they were taking money from you pocket!
Folks, they did the same thing 3 years ago. The cut 10% of the Stanford Bookstore's staff, they demoted many others. Whomever was left had to wait on the Senior managers who had just hurt their friends and colleagues. This is who they are. They're deplorable.