they gave increases to those who had been there for 2 or 3 years to pay them the same as the new hires. The "longer tenured" employees got "zip, nada" - just a bunch of "attaboys". Of course, while welcoming the increases, those with 2 or 3 years still felt screwed because new hires were getting the same pay with no experience. Eventually demand for new hires slowed as did the entry level compensation.

As for senior people, most were either married with children, owned a home or other factors which made leaving a tough decision for them and management took full advantage of this.