The bankruptcy news and notes are now being made public, it appears the captain of the ship who continually over the last two years could not avoid icebergs, made sure his bonus treasure never was not in his personal quarters.
He is up to about 5 million in bonuses and salary while asking other employees to sacrifice non stop.
Typical CEO actions during private equity ownerships in this country.
It just doesn’t matter what your performance is their is always a big pile of greenbacks for the chosen.
Oh wait I forgot he gave up his WHOLE salary for a WHOLE MONTH in April.
4 replies (most recent on top)
Yes , there will be severance pay
Confirmed
GVR loves no one but himself.
Maybe the big boy will lobby for the severance packages to be paid in full, he could say I got MINE now everybody else should get theirs, I wouldn’t hold my breath waiting for it to happen though.
Any word on the employee severance packages? will they be eliminated due to the bankruptcy? Thanks