IBM Demands Bonuses Back from Former Consultants | AccountingWEB

IBM Demands Bonuses Back from Former Consultants

IBM is demanding bonus money back from some consultants who left the company last year.

IBM has been sending the letters to consultants who joined IBM from PricewaterhouseCoopers after IBM bought PwC Consulting in 2002, Forbes reported. When the former PwC employees started working for IBM, they received lower salaries, but IBM later made up for it by paying bonuses that amounted to 2 percent of salary, the former consultants say.

The 2 percent payouts, ranging from several hundred dollars to several thousand, were made in February 2003, July 2003 and February 2004. An IBM spokesman said the payouts were actually advances and the consultants were warned that they would have to return the money if the left IBM before the end of 2004.

Says a spokesman, "The terms were communicated to and accepted by those receiving advances." IBM has turned some of the accounts over to a collection agency.

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