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Article #9226

Beware of Receiver Corporation

#9226
From: felicia
Date: Mon, 05 Aug 2002 21:04
27 lines
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I just came back from a Receiver Corporation interview. Beware, they
weren't hiring for specific jobs. They invite you into a room full of
other interviewees (7-10 people), and ask you to fill out personal
information and other references. They make $9 million annually, with
400-500 people. This works out to $22,500/year in revenue. This is
horribly low. Most Fortune 500's hover in the $250,000+ range.

I walked out, thinking it was a scam, especially when the sales guy
started telling us they're also a freight company and a candy company.
Plus, he waffled between "yes, we sell stocks and options" and "no we
don't, we write software". He also didn't know whether or not Receiver
Corp was a member company of the exchanges (the financial industry is
a regulated one). I asked for the name of the software products they
sell, and they said I can't tell you!

Their website is practically useless (no contact info, no product or
services listing, no jobs listing, etc. You can't determine what their
real business is, other than "asset management." Their asset
management, at least as described by their sales guy, is not
consistent with the industry definition (help manage mutual funds).

The one thing that shocked me is that if you had questions, he told us
to write them down and pass it into the Legal Dept. Legal dept?? For a
company of 400-500, you should have a Human Resources Dept to handle
401k, and other benefits questions.

So, I ran, not walked, away from this office.
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From: felicia@13579earthlink.net
Newsgroups: misc.consumers,chi.jobs,chi.general
Subject: Beware of Receiver Corporation
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