Today 4 hours ago see link below....4 traders.com but no NYC newspapers interested...ho hum....
is SAIC going to have an Enron ending and when are we the tax payers of NYC going to get our money back and also wake-up???????????? Wake-up New Yorkers!!!!
Nothing in the newspapers....why? To protect the public from Bloomberg resign for the massive mishandling of all these tech contracts as well as the pensions and he is restructuring now? We can be thankful he did not hire Jon Corzine!
"Since 2000, the Company has developed and implemented an automated timekeeping and workforce management system ("CityTime") for certain agencies of the City of New York. "
"Subsequently, on June 2, 2011, the Company disclosed that an internal investigation could not validate all the time recorded to the CityTime program by its program manager. " Note, and I reported this a bunch of times. SAIC did not even have its own timetracking system during a large portion of the Citytime engagement and their own executives stated in 2006 there billing was a mess.
In the meantime back at the farm, NYC asked for their 600million dollars of money back! Why is it when the dollars get large it takes 6 months since Mayor Bloomberg asked for the money back that we still don't have the money, or is to take the political pressure of to ask and then not get the money. Note, SAIC in its last financial report had plenty money to estimate the loss from legal fees and administrative costs to the tune of 232K on their Q3 8k, none of that allocated to the City of New York.
p.s. Folks! Mike Bloomberg allowed our NY Pensions to be so abused and poorly handled besides raided along with Bill Thompson so my question is why, oh why are we allowing Mike Bloomberg to restructure pensions now?
My answer is because his pals like Steve Rattner are down raiding them! Mike still keeps Steve Rattner on his private payroll not NYC gov like many of his pals even though Steve pleaded the 5th 63 times!!!!!!!
