According to Morningstar, Tim Mahoney's compensation for 2016 was over 9.5M dollars while we, the workers endured layoffs, furloughs , no merit increases, and reduced MIP for band 4 . Do you appreciated ?
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So on 16.77% EBITDA @ $6 million in sales that is $1,006,200
If I can do it, you can do it. Don't let Corporate America & Wall Street hold you down.
Make it happen-
Does this really surprise anyone? CEOs always land in their feet.
Thanks, 16.77% EBIDTA on 2016 sales of over 6 million. Our Sister company merged with another company ( press release) creating nearly 100 million in sales.
No doubt that you bought a business. But as a long time engineer that just took his VRIF, I have a darn good idea what your lump pension is and can guess what part of your 401k is. If that purchased a business that spins off nearly a million $/yr for just one employee, then your business entails an intaglio press and very special paper.
Still call BS.
And BTW, good luck to you in any event
call bs if you want, but we already made it public via a press release 1-27-17 and my name is on the Secretary of States website which makes it pretty official.
So, if you were, say, $50K/year salary, you're now $900K/yr?
I call BS
I'm giving ole Hon & Timmy a run for their money. I was with the company for 18 years and was part of the September 2016 RIF. Took my lump sum pension & part of my 401k and purchased a company which was founded 25 years ago. Our products are the standard for many companies nation wide.
As a reward for working for Hon 18 years, I am paying myself 18 times my Hon salary! lol!
Make it happen guys-
How do these ppl live with themselves? I would rather be able to sleep well than screw good ppl and their families to be greedy.
Tim didn't personally make any sacrifices in this tough and uncertain business environment. Sold his humanity for cheap, in my opinion. I wouldn't trade places with him.
Do you spell check?