Craig Dubow the
former CEO of Gannett the owner of at
least 80 newspapers around the country received a 32 million dollar severance
when he retired with health concerns. What did this guy do to deserve that kind
of compensation? Stock prices fell from
72 dollars to 10, revenues dropped 1.7 billion dollars, and he laid off 20,000
employees. When times get tough guys like him say we have to cut cut cut. He
lays off people, makes people work longer hours for less pay. When they say shared sacrifice they mean everyone
but them. It reminds me of the company I worked for. They put us into bankruptcy, and then they
treat themselves to a retention bonus, when they come out of bankruptcy another
bonus, then when the company is sold they get a huge buy out. These people
wonder why the regular people are starting to be so upset.
No comments:
Post a Comment