“When companies fail to perform, should they give millions of dollars to their senior executives?”
-- Rep. Henry Waxman, D-Calif., chair of the House Committee on Oversight and Investigations, holding a hearing today on executive pay practices at big lenders. [NYT]
Cleveland has 11 lawsuits against banks due to the mortgage subprime mess. Since Bush and his lousy administration are asleep at the switch, CEO's ought to be made accountable. Countrywide Mortgage gave their CEO $15 million to bail.
ReplyDelete...and the CEO, now gone, from Home Depot, with a miserable performance got a great departure sweet kiss of dough.
Wake up...$8 million in income...and are we able to take video's too?
No, they shouldn't. Just get out ASAP...Gannett is a slim-pool of festering executives. It is harmful to your health. Every well-known executive; administration, news, advertising, mentioned here has a nasty, bad, harmful reputation. I see no change of character...until they are sold.
ReplyDeleteThe only silver-lining is that you could be working for the Journal Register Company where the blog comments are even worse.
Be happy in your work!!!!
True, I've heard the only thing worse than working for Gannett is working for Journal Register. Miserable newsrooms and miserable products.
ReplyDeleteTo the Board of Directors: Even if half of these comments come out of rage, fear, regret, and remorse...there are serious comments being made about the future of this company.
ReplyDeleteAs a former Gannettoid advertising management person, and former financial advisor, most don't really care about Dubow's salary and incentives. And for that matter, how many hits this website got from the Cherry Hill matter.
At $29 a share and maybe going lower, your options are closing.
But the untold misery upon the lives of others, family fortunes being lost, careers scuttled, and outright abuse of employees...
I don't know how you sleep at night.