Wednesday, February 25, 2009

Dicks du Jour

[LINK] Company lays off 3,000 workers (one third of workforce) (1,200 of the jobs were local) without providing severence pay. Now they can afford to restore executive salaries to their previous levels after cutting them by 10% last October.
Workers noted that former CEO Bertrand Cambou was paid a full year’s base salary (just over $751,000) plus a four-month consulting fee when he resigned suddenly at the end of January.

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