Board threatened to oust the executive leadership if dividend was cut.
Therefore, Layoffs and pay cuts to fund dividends, and allow these narcissistic nincompoops to continue their ugly dance at the top.
All the talk about caring for employees is plain CxO lies. Why won’t they commit to foregoing their equity grants in the Aug/Sep cycle. Surely that cost is significant too.
2 replies (most recent on top)
Optics
I posted a few days ago "It's the Dividend Stupid". Seagate is nothing but a shell company with one purpose. Pay a dividend to the criminals on Wall Street and in exchange Mosely and his gang of VP thieves can keep their "jobs" and get richer while subjecting the workers to more and more austerity. Its really that simple. Got it ?