Alion "debt" Reviews | Glassdoor

Alion Employee Reviews about "debt"

Updated Jul 25, 2017

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3.7
75%
Recommend to a Friend
78%
Approve of CEO
Alion CEO Steve Schorer (no image)
Steve Schorer
45 Ratings
Pros
  • "Flexibility, good benefits, progressive management(in 17 reviews)

  • "Great coworkers, okay benefits, flexible hours, good work-life balance, some interesting work(in 14 reviews)

Cons
  • "Lack of Communication from Upper Management(in 23 reviews)

  • "Top level management should have been fired years ago as they have drowned the company in massive debt while earning annual(in 12 reviews)

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Reviews about "debt"

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  1. "Over leveraged causing the company to drag."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Neutral Outlook
    No opinion of CEO

    I worked at Alion full-time for more than 5 years

    Pros

    Varied scientific support and access to interesting resources.

    Cons

    Company carries too much debt.

    Advice to Management

    Jettison and sell some of the profitable divisions and focus on improving debt situation.

    Alion2017-07-25
  2. Helpful (8)

    "C-Level Managers are milking the company dry"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Project Lead in Arlington, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Alion full-time for more than 3 years

    Pros

    Alion is like dozens of little companies scattered across the US, but most have no idea what the others are doing. There are some interesting projects and people that I was associated with in the DC area which was the best part of the job.

    Cons

    Management in general is poor. Top level management should have been fired years ago as they have drowned the company in massive debt while earning annual $1M+ bonuses. Company shrunk in size population-wise by at least 20% as people jumped ship. Was an employee owned company, then they wanted to go IPO, then some venture capital firm gobbled them up. I expect much blood-letting at the top in the coming year.

    Alion2016-02-03
  3. Helpful (2)

    "Interesting work"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Program Manager in Washington, DC
    Doesn't Recommend
    Negative Outlook
    No opinion of CEO

    I worked at Alion full-time

    Pros

    Interesting work, great team members, floating legal holidays, great clients, flexibility, pay is adequate.

    Cons

    Debt, transitioning fROM employee owned, management is secretive

    Alion2015-08-12
  4. Helpful (4)

    "finances"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Anonymous Employee 
    Recommends
    Neutral Outlook

    I have been working at Alion full-time

    Pros

    a good work environment with good fellow employees

    Cons

    Company is over $500M in debt

    Advice to Management

    get the company financial situation under control

    Alion2015-07-22
  5. Helpful (6)

    "Program Manager"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Program Manager in McLean, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Alion full-time for more than 10 years

    Pros

    -Lots of great technical folks, especially the ones I work with. -Very interesting work for my business unit.

    Cons

    -No leadership at the corporate level but they are very good at dictating and tasking. -No direction from upper management on where they want the company to go. -Huge debt causes every decision to be made on cash flow. -Support functions believe that Operations should support them. -Each unit operates and behaves independently, often not the maximum benefit of the company.

    Alion2015-04-21
  6. Helpful (6)

    "Poorly Run Company with Too Much Debt"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Systems Engineer in Arlington, VA
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I have been working at Alion full-time for more than 3 years

    Pros

    Interesting work on government contracts. Get to support cutting edge technology.

    Cons

    Alion is in a death spiral. Read their financials. They have been refinancing unsecured debt with new high interest secured debt (giving up equity). Roughly 10%of revenue goes to pay off creditors. They routinely fail to pay key subcontractors -including small businesses with limited capital. Management is unethical and breaks teaming agreements and has to make short term decisions that negatively impact it's customers. Run from this company. And do not invest in it if you hope to get a return.

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    Advice to Management

    Act ethically. At least go down with class.

    Alion2015-02-20
  7. Helpful (2)

    "A company with some great people but..."

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Current Employee - Systems Administrator 
    Doesn't Recommend
    Neutral Outlook
    Disapproves of CEO

    I have been working at Alion full-time for more than 8 years

    Pros

    Health care plan and work environment decent

    Cons

    Reduced benefits, etc due to overwhelming debt. Bonus plan favors top level management

    Advice to Management

    TBD

    Alion2014-07-31
  8. Helpful (7)

    "Great people, great technology, but abysmal leadership"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
    Former Employee - Anonymous Employee 
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Alion full-time

    Pros

    At Alion you'll find some of the best and brightest individual contributors who are word class in their technical disciplines. The people you'll work with on a day to day basis are top notch co-workers and doing your job is not hard. Base pay is above average for the industry and benefits (excluding the ESOP) are on par with others in the govcon/defense sector.

    Cons

    Once you get past the ops managers, the quality of leadership and management declines significantly. Since 2002, the company has failed to make money and has grown solely through acquisitions. This has left the company highly leveraged and the negative impact on cash flow from servicing the debt load is a forcing function in all decision making. Yet, despite the fact that the company struggles and is hamstrung by poor decision making at the top, no changes to the C-level have take place. While lower levels bear the burden of reduced Federal budgets, senior executives continue to take home large compensation packages and special benefits. Despite being "employee-owned", individuals have little say or insight into how the company runs. And an ineffective board of directors exercises little authority to make changes at the highest level.

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    Advice to Management

    Until things change at the top, the company will continue to struggle to attract and retain high potential future leaders.

    Alion2014-05-21
  9. Helpful (6)

    "Good coworkers and work experience, poor management"

    StarStarStarStarStar
    • Work/Life Balance
    • Culture & Values
    • Career Opportunities
    • Compensation and Benefits
    • Senior Management
     
    Doesn't Recommend
    Negative Outlook
    Disapproves of CEO

    I worked at Alion

    Pros

    My location had great coworkers, and the work was interesting. Had the chance to expand my technical capabilities. Benefits were decent. Salary and raises were good.

    Cons

    - Poor financial condition. Hasn't reported a profit since 2002. Average loss of $28M from 2003 to date. Large acquisitions that didn't pan out have led to high debt with high interest rates. May not be able to refinance bonds that are coming due. - Upper management receives large bonuses despite poor performance. - All 401k matching is in company stock. The stock was at a high of $43 in March 07, and just dropped from $16 in March 2013 to $8 in Sept 2013. Company matching can't be accessed until 5 years after leaving the company, at which time it can be withdrawn over the following 5 years. - Benefits are being reduced. - Poor communication of the company's condition and plan to try to recover.

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    Advice to Management

    Focus on growing organically and not the size of the company. Analyze why certain acquisitions didn't work out (e.g., Anteon). Realize that workers can't simply be replaced - many customers are awarding tasks to individuals, not the company name. Don't just file the exit interviews, actually read what the people are saying. Communicate what is going on. People are aware of the financial problems, but no one seems to address them.

    Show More
    Alion2013-12-05
  10. Helpful (6)

    "Alion continues slide to abyss while enriching executives"

    StarStarStarStarStar
    • Senior Management
    Former Employee - Anonymous Employee 
    Negative Outlook
    Disapproves of CEO

    I worked at Alion full-time

    Pros

    At Alion I worked with great people on great projects for great customers. Good flexibility and benefits and overall great local working environment.

    Cons

    Alion management is killing the company and enriching themselves at employee expense. Case in point is the most recent FY13 10Q report issued 5/14/13, which contains the following statement: "We believe the Company will be unable to generate sufficient cash flow from operations to retire its debt as it comes due. We can offer no assurance that Alion will be able to obtain new financing at sufficient levels and on acceptable terms, if at all." Yet, while the stock dropped another 10% since March 2012, upper management long term incentive bonuses for the 1st 6 months of FY13 increased 68% to $1.5M vs $890K for the same time period in FY12. This bonus amount exceeded the $1M worth of stock purchased by employees, which means their hard earned cash went right into the pocket of the upper management. So, not enough cash flow to pay off the debt, but plenty of money to pay upper executive bonuses using employee contributions while the stock value continues to decrease along with employee wealth. Also, the May 2013 S&P assessment ranks Alion corporate debt as CCC, which makes junk bonds look good. Alion is not long for this earth, so I strongly suggest current employees stop buying company stock until management develops a plan to turn the stock price around.

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    Alion2013-05-15
Found 12 reviews