Can you imagine how many jobs would be saved if the CEO and VPs took pay cuts like a lot of upper management are taking at other companies at this difficult time. You cannot say people are your greatest asset when you offer them positions in the reorganization and then lay them off a month later. That is a terrible way to treat employees and word travels quick.
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Why do we need a VP of employee enGAGment?
It's simple... they forgot who makes the money for this company. It is certainly not the 45+ VPs, it's the hardworking people in the field.
CEO, CFO and the board all need to be cleaned out.
Company has been reduced in size and value during the last 5 years but the amount of VPs has increased significantly.
CFO is worthless on his own merits, CEO and board are not to blame for his incompetence. THey need to blow the whole thing up
CEO agree, worthless. CFO is hamstrung by dopey CEO and irresponsible BoD.
CEO and CFO were not good picks the day they were hired. They are just going to milk the company as long as they can and retire. With their record they would never be hired by a diligent company again. Total failure.
The CEO did say in a recorded townhall meeting that they would take a paycut. Not sure if that meant dividend and stock or base pay too. Well since the market and dividend got cut, may be thats what he meant and not the base cut.
Anyone else see the video? Its posted on the Project Ascend website.
Wonder where the follow through is on this?
Any thoughts?