Wednesday, February 22, 2006

Bringing Down America

Is it any wonder working men and women are unhappy with corporate America, when the top brass take home massive stock options and bonuses, while the company is doing so poorly.

Our corporate master just took home 60,000 restricted shares of the Tribune company, 300,000 stock options, and a bonus of $250,000, while the stock price is at new lows. Advertising volume is down, circulation is down, yet for doing such a poor job, the CEO and Presidents of the Tribune are rewarded.

The employees of the Tribune Company have not taken a raise this year, and no one has communicated anything regarding an increase in wages and benefits. We really didn't expect anything this year, with all the bad news from Chicago last year, but after reading about the top brass being given so much for doing nothing, the employees also deserve compensation as well.

I would like to hear from my fellow Tribune employees on their opinions of this latest slap in the face to employees.


1 comment:

RB said...

Sounds a lot like the oil moguls to me. On a smaller scale, but the principle remains the same. The sad thing is that we peons can't afford to teach them a lesson by quitting and making them provide their own services! However, there might be a light at the end of the tunnel when their profits plunge to a degree of no return and they can no longer live in the lap of luxury on your blood, sweat and tears.

Keep the info flowing, Eddie and stay positive!