Monday, February 16, 2009
Parsing PR's BS...
Last fall, in the midst of the Spirit reduced workweeks, a rumor ripped through the grapevine that an SEC filing indicated that, while we were on 60% wages, Spirit Execs had granted themselves another big stock bonus. The local media investigated the story and reported that the SEC filing was only an adjustment to previous stock grants, allowing the Execs to sell some of the stock they were required to hold long-term, in order to meet IRS tax obligations on their stock grants.
I'm fascinated, however, by the part of the news story that states...
Spirit spokeswoman Debbie Gann says ... it's unconscionable for employees to infer executives are getting additional compensation when employees are being asked to cut back. She says the claims are absolutely false.
...and I wonder if she'll make an equally outraged "absolutely false" response to the current bonus complaint, should some employee infer executives are getting additional compensation after employees were asked to cut back.
-- Bill, who's implying something's unconscionable...
Comments:
for your consideration:
"There is a reason why the online world, where humans are virtual, is prone to flame wars and creepy trolls. It is easier to despise someone you have never met."
"There is a reason why the online world, where humans are virtual, is prone to flame wars and creepy trolls. It is easier to despise someone you have never met."
# posted by 
: 11:53 AM
: 11:53 AM
Perhaps your "fascination" should include the context. Then it might be understood not "misunderestimated" as the former President used to say.
# posted by : 11:57 AM
: 11:57 AM
"more," please feel free to add whatever "context" you think is required for folks to understand the difference between Execs taking additional compensation during the time the rest of us had to cut back as opposed to taking additional compensation after we suffered the cutbacks.
One thing is for certain:
Debbie Gann earned her bonus "upgrade".
I am not so sure about the rest of the execs. But then again, leadership by example is so last millenium...
-DWF
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Debbie Gann earned her bonus "upgrade".
I am not so sure about the rest of the execs. But then again, leadership by example is so last millenium...
-DWF
