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Article #9228

Re: Beware of Receiver Corporation

#9228
From: 01dynamypants
Date: Mon, 05 Aug 2002 21:57
51 lines
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On Mon, 5 Aug 2002 16:40:15 -0500, a loud, wet, greasy cloud erupted
from the shorts of  "Dan J.S." <me@hyperx.com> . Smiling at the crowd
this rather unsavory individual proudly proclaimed:

>
><felicia@13579earthlink.net> wrote in message
>news:3d4ee61c.1124658@news.earthlink.net...
>> 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.
>
>They make 9 million annually? That is not bad! if this is clean profit, then
>9 mill is very good. Most fortune 500 companies are not even close to that.
>FORD just lost like 1.5 Billion dollars! Even a dollar profit these days is
>considered good.
>
>However, if 9 million is their revenue, then yeah  - they suck!
>

not necessarily, Ford lost 1.5 billion from *projected* revenue for
the 2nd quarter.  That's a far cry from not making any money.  They
still made a butt load of money, just not as much as they had hoped.
I project I'll make 100 million next year.  I'll probably "lose" about
99.9 million.  ;-)

9 million in annual revenues needs to be defined.  Net? Gross?  What
are their operating costs?  Before my company went defunct (due to a
large number of deadbeat dot.com clients unable to pay their
invoices), we had 150 employees and grossed over 20 million annually
with about half being  net profit.  And we did *that* on less than a
third of they employees they have.

If nothing else, I would contact the States Attorney General and
inquire about this "business".  See if there has been any recent
complaints/judgements/charges filed against the company.  Also
they should be able to tell exactly what this company does.  If the
company can't tell you what they do/sell, they're hiding something and
you have every right to be  wary.

Sounds like they were just a couple of steps away from making you
pay out some sum of money...that's probably where a significant
portion of the 9 mil comes from.





Remove my pants to email
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From: 01dynamypants@cox.net
Newsgroups: misc.consumers,chi.jobs,chi.general
Subject: Re: Beware of Receiver Corporation
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