Thread regarding FTD layoffs

ELT bonuses better not get paid...

In public filings, it shows big retention and transaction bonuses to be paid to the clowns Jay & Scott and other ELT. That better not happen, since they are the ones that drove the company in the ground.

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Post ID: @Zkx5E7u

11 replies (most recent on top)

This mess started with Rob and buying the garbage company Provide Commerce. They were on the block for sale because they were bleeding money. Provide was about to go into default, but Rob wanted to acquire companies for his own personal ego. That is when the kingdom was handed over to the banks, and they have been driving these changes to reduce liabilities.

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Post ID: @Zkx5E7u-1wmt

Of COURSE they'll get their golden parachute. And everyone else will get the shaft.

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Post ID: @Zkx5E7u-1lnb

The issue is that these executives dont know how to turn this around! I get it - we had a big chunk of fats in the company and we need to go through this restructuring process but it should start from the top - they should forgo their perks in order to make it better!

Also if they knew this was coming, they should do this in a timely manner - not rushing everything.

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Post ID: @Zkx5E7u-cmo

i agree, started from Rob.

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Post ID: @Zkx5E7u-dxx

You really think Jay and Scott k--led this company? In my opinion it started long before them. Rob and Jon Walden.

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Post ID: @Zkx5E7u-ynm

You know these clowns had their bonuses locked-in before the decided on pay out of the absolute minimum to avoid lawsuits for everyone laid off.

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Post ID: @Zkx5E7u-qlv

True. The idiocy of the existing 'leadership' cannot be ignored. Particularly in the case of the CDO and CTO.

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Post ID: @Zkx5E7u-rmd

FTD didn't lose to any competitors. the EXCEs k--led it. 1-800 stock price went up didn't because they did anything special but FTD did lots of stupid.

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Post ID: @Zkx5E7u-otw

A company losing business to competitors made business decisions to help continue the business. The execs will do what the execs would do at any other company in America. Move on.

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Post ID: @Zkx5E7u-xea

Highly unlikely. 'Class' is not the word that comes to mind when trying to describe them...

Hopefully the Board of Directors will step up and deny these undeserved bonuses.

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Post ID: @Zkx5E7u-jqv

Ah yes, it's good to be king. If they had any class, they'd refuse them. Think that will happen?

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Post ID: @Zkx5E7u-liz

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