IGT reviews

The company is flagging negative reviews and having them removed. Read this while you can, I'm sure it will be gone within a week if they get their way. The problem, of course, is that the reviews they're trying to remove are the honest ones that tend to be persuasive. Now to the cons... First, a significant percentage of the "rock star" people left. Some were laid off, some just left in search of better opportunities. Upper management has become worse over time, with the majority of Vice Presidents being nothing more than generi-stooges. These are the people who say the same things and do the same basic tasks no matter what company they're employed with, all the while twisting things around to their maximum personal benefit. Upper management is filled with vultures who swarm in to rip apart the meager remains of what was once a fantastic company. There was a time when the company really did share its profits with the employees. Anyone who was there more than 7 or 8 years remembers cash sharing, the slot auctions, the winter parties, the Wild Waters days, and the common half-days before long weekends. The company pushed hard, and there was occasionally a lot of overtime, but they earned it. There was a mutual respect, and it's the first time in my career when I felt loyal to a company. I owed them my very best because that's what they offered to me in return. Those days are over. The company is a sad shadow of what it once was. Upper management is filled with clueless executives who have no idea how to run a gaming company. This is why the smaller competitors like Konami and Aristocrat are stealing so much market share; they're on their way up while IGT is in free-fall. Executive management expect more overtime from their employees than the company has ever expected in the past, with their reasoning being "if you don't like it, go find another job. You owe us overtime because we employ you." As you can imagine, morale is in the toilet. People spend long hours sitting in their chairs, but there's not a lot of work getting done anymore and that competitive spirit that invigorated everyone is dead. There's no spark left, there's no real innovation, and it's saddening to see benefits evaporating while the company shifts the glory up the chain to the VP's and executives. I would not recommend this company to anyone I cared about. Some places can poison you; they can kill the passion you once had for your career. Take it from an industry veteran: For your own benefit and well-being, avoid places like this like the plague. Do not spend hours of your life toiling for something that doesn't care about you or your life. Life is short, keep the passion, find what you love. If you don't love it, set yourself free and dare to dream.

The CEO and her cronies have never cared about the well being of this company or its employees, their only interest has been to manipulate numbers on paper at the expense of innovation and employee benefits, for their own personal benefit. Employee non-compete agreement confusion At a recent all hands meeting to discuss the acquisition, err, merger with GTECH, the CEO admitted that she was not focused on innovation due to the nature of our small time wall street investors who were only concerned with quarter to quarter results. Investing in innovation was not on the agenda if it did not payoff in the next quarter. When asked if existing employee non-compete agreements would still be in place after the buyout, the CEO said current non-compete agreements would expire upon execution of the GTECH acquisition and that new non-compete agreements would need to be executed. Employees who later asked IGT legal and HR to confirm this, were told that the CEO never said this, it was heresay. They would not confirm that the non-compete agreements would expire as the CEO had publicly stated they would. Despite the confusion and concern, neither the CEO nor her management has issued a clarification. Retention Bonus The CEO gets a $3.2M retention bonus for seeing the GTECH merger through to completion or failure. This is in addition to the benefits she receives upon execution of 'Change of Control' as described in the 2014 IGT proxy statement. So, why should the CEO need a retention bonus considering the Change of Control benefits she will reap when the deal goes through ? Employees have been told that there will be no RSU grants this year (typically 10+% of salary), instead employees have been offered a 'Retention Bonus'. The bonus amount is strictly based on level, typically 3% of salary. How can this possibly be considered a retention bonus ? Annual Bonus Employees have been warned that there may not be an annual bonus this year due to poor performance. I'll bet the CEO gets a nice bonus regardless. Is GTECH sale in best interest of shareholders? Scientific Games (SG) recently held an all hands meeting at WMS where the CEO commented that they had been in acquisition talks with IGT. Allegedly they were considering a $6B offer to buy IGT but the IGT CEO was asking for a $50M bonus and retention of some of her cronies. Allegedly, SG didn't want the current IGT CEO or her management team and moved on. In a nutshell The CEO is a looter and a modern day carpetbagger in every sense of the word (look it up). She has taken advantage of an unfortunate situation and bled the company dry for her own personal benefit. She has never created or built anything in her career, yet, has damaged the careers and success of those who have. She has destroyed IGT and profited from it, all the while claiming success. The only consolation I can take from this is to know that she is universally despised both within and without IGT. I don't know what GTECH expects to do with the carcass that remains, perhaps there is enough left for a watery stew ? There is not much else.