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Message Boards Settings Watson Wyatt Worldwide, Inc. - Quote Info
How does this stock go up 5%     14-Sep-09 04:48 pm    
In light of there 8-K issued where they all but said they were not going to make financial projections for 2010, how does this stock go up today 5%. This thing should be back in the mid 30s.

Here is the disclosure from the 8-K

"Accordingly, on September 4, 2009, the Committee determined that, upon and subject to consummation of the proposed merger between Watson Wyatt Worldwide, Inc. and Towers, Perrin, Forster & Crosby to form a new, publicly listed company called Towers Watson & Co. (the “Merger”), the fiscal 2008 SBI Program awards shall not vest, with the effect that nothing will be earned or paid under those awards and the fiscal 2009 SBI Program will be paid out at 100% of target. In reaching these determinations, the Committee assessed performance to date and projections of performance. As a result of these evaluations, the Committee concluded that it is not likely that the Company will achieve the fiscal year 2008 to 2010 minimum performance metrics. With respect to the fiscal 2009 to 2011 performance period, the Committee determined that it is appropriate to settle the awards at target in order to treat participants fairly, retain key talent, and take account of the fact that the level at which performance metrics may be met will be uncertain, as the performance period would be only halfway completed as of December 31, 2009."
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metzalot

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How does this stock go up 5%
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Watson Wyatt Worldwide, Inc. (WW)

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On Dec 24: 46.90 Up 0.19 (0.41%)
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