An Open Letter to My Former Employer

1 Oct 2007 /

No hard feelings, but I’m looking at the company president’s new employment agreement on EDGAR . . . the stock’s down 50 percent, the bond rating’s been lowered to junk, you laid off 400 people end of July and announced plans to lay off 1,000 more, and yet shareholders will still be paying for a really fabulous set of benefits for this lout: luxury automobiles, first-class air travel, $35,000 a year for financial planning services, and not one, but two, country club memberships.

The rest of the peasants — er, employees — have to pay for their own cars, green fees, financial planners, etc., which is even tougher when you’ve been laid off thanks to my man’s (lack of) stewardship at the mortgage bank.

Let them eat cake!

I challenge you post a link to the employment agreement on the company web site and see if he isn’t guillotined within the fortnight.

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