Hello There, Guest! (LoginRegister)

Post Reply 
Tribe Prez gets $75K bonus - Great Optics, not...
Author Message
Bookmark and Share
Purplehazed Offline
Heisman
*

Posts: 7,247
Joined: Mar 2013
Reputation: 147
I Root For: James Madison Dukes
Location: Virginia
Post: #1
Tribe Prez gets $75K bonus - Great Optics, not...
Apparently, the Tribe Prez recently received a $75,000 bonus.
Great optics, huge salary, house provided, gets a $75K bonus while the school cries poor (recently cut sports).

This kind of crap hits a cord with me... I know of a regional company that laid off 140 people several months ago. At the time, the C Suite curbed all bonuses and reversed the to date bonus accrual (June 30 Year End) for all employees (sorry about the accrual comment, I am a CPA).

Months later, only the officers are secretly getting a bonus and on top of that, the officers are lobbying to open the closed year ended June 30 so the C Suite can bury the bonus in a year that is considered a throw away because of Covid19.

Do as I say, not as I do...

What W&M does is not my business, if I were a Tribe donor scraping to support my alma mater I'd want blood.
12-05-2020 09:55 AM
Find all posts by this user Quote this message in a reply
Advertisement


DoubleDogDare Offline
All American
*

Posts: 3,803
Joined: May 2013
Reputation: 123
I Root For: James Madison
Location:
Post: #2
RE: Tribe Prez gets $75K bonus - Great Optics, not...
Just finished a project with a company. 3 execs were patting themselves on the backs because they decided to go "unpaid" for Apr, May and Jun. At the same time they furloughed about 1/3 of the workforce and the remaining 2/3 took 15-25% pay cuts. Good for them, cutting their $300K+ salaries down to $0 for three months to save as many workers as they could!

Well, yeah, except they actually just deferred their compensation and received all three months of missed pay in Nov and they have no plans to back pay any of the employees that took the cuts. There are probably 2 folks in finance who know/understand what happened and the rest of the employees probably think their bosses are the nicest people ever.
12-05-2020 03:14 PM
Find all posts by this user Quote this message in a reply
Purplehazed Offline
Heisman
*

Posts: 7,247
Joined: Mar 2013
Reputation: 147
I Root For: James Madison Dukes
Location: Virginia
Post: #3
RE: Tribe Prez gets $75K bonus - Great Optics, not...
I believe those that are paid the most in the good times should be paid the least in the bad times.
12-05-2020 05:00 PM
Find all posts by this user Quote this message in a reply
Post Reply 




User(s) browsing this thread: 1 Guest(s)


Copyright © 2002-2024 Collegiate Sports Nation Bulletin Board System (CSNbbs), All Rights Reserved.
CSNbbs is an independent fan site and is in no way affiliated to the NCAA or any of the schools and conferences it represents.
This site monetizes links. FTC Disclosure.
We allow third-party companies to serve ads and/or collect certain anonymous information when you visit our web site. These companies may use non-personally identifiable information (e.g., click stream information, browser type, time and date, subject of advertisements clicked or scrolled over) during your visits to this and other Web sites in order to provide advertisements about goods and services likely to be of greater interest to you. These companies typically use a cookie or third party web beacon to collect this information. To learn more about this behavioral advertising practice or to opt-out of this type of advertising, you can visit http://www.networkadvertising.org.
Powered By MyBB, © 2002-2024 MyBB Group.