He knows he has to pay out severance to every one he lays off...so he calls on ex Cabela's execs to contribute out of their own pocket to the severance fund. Very slick! So if you don't get a good payout blame the Cabela's management team.
He shifts the focus away from himself and makes the ex-Cabela's team look like the bad guys. Too funny.
The ex Cabela's E team are going to be REALLY hard to raise on their cell phone until this blows over.
All I can say is yea right!!!!!!!!!
I agree with the poster that it was BP choice to buy Cabelas so they take on all of the stuff that goes along with it.
Maybe JM should have thought of all this when he promised to keep a significant presence in Sidney and negotiated this sorry deal.
Mr. I have been at Cabela's 30 years is suffering from high blood pressure and was told by his doctors (ahem) he could not come out and play any more with the adults.
So no layoffs eh?
I don't blame them. I wouldn't pay out either. It's Bass Pro that is supposed to pay the severance.
But I agree Jim and Mary should throw some coin into the fund. They can't spend the hundreds of millions they have.
Where is Mr. DC, who was so sure there wouldn't be any layoffs.
There's no way they are going to crack open their wallet for this fund. NO WAY!
I wouldn't hold my breath.
If the exec is gone...so is their money
I agree with the strategy from Mr. Morris. He is calling out all the executive spend years telling that how much they care about Sidney and their employees. Now is time to put your word in action and prove that they were not cheats.......