tag:blogger.com,1999:blog-4726844761468242273.post9051820089241765007..comments2023-10-07T05:29:20.923-07:00Comments on McClatchy Watch: Christmas presents for the corporate bigwigsUnknownnoreply@blogger.comBlogger30125tag:blogger.com,1999:blog-4726844761468242273.post-3358109368399423342009-12-22T06:38:12.889-08:002009-12-22T06:38:12.889-08:00Pruitt joined the company in the 1980s, prior to t...Pruitt joined the company in the 1980s, prior to the IPO.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-26376648587561594682009-12-21T15:05:12.306-08:002009-12-21T15:05:12.306-08:00Bull!
It's "pay for performance" jus...Bull!<br />It's "pay for performance" just like Enron or MCI. They got their stock rights which dilute the shareholders at the bottom after presiding over the loss of most of the shareholder value. Why should their grants not be tied to the stock price as of the date of their employment. This is like giving them an upside with no responsibility for mess they have caused.<br />There is no cash involved. But, make no mistake, the shareholders will pay for these gifts.<br />Shareholder suits on these matters rarely succeed. A competent counsel will paper the transaction in such a way that a suit is hard to win. I am fine with that but in this case the board should be held up to the ridicule they deserve for rewarding a management team for destroying the company.<br />The lefties were all over executives stock compensation a few years ago. They should be outraged at this one.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-39953818467067884652009-12-21T09:35:39.510-08:002009-12-21T09:35:39.510-08:004:50AM - Sounds like you should file a lawsuit giv...4:50AM - Sounds like you should file a lawsuit given all the corporate malfeasance you allude to in your post.<br /><br />I can't help wonder why all you speak to is overlooked by so many people.<br /><br />What specific breach do you speak of? Your own assessment or a legal breach?<br /><br />And, as a previous post points out, no cash has been given to the executives. Shareholders haven't paid for anything yet.<br /><br />These executives have to stay and the stock value go up in order to collect anything.<br /><br />AKA pay for performance.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-3058676619551987122009-12-21T04:50:11.383-08:002009-12-21T04:50:11.383-08:006:01's only defense of the wasteful gifts give...6:01's only defense of the wasteful gifts given to the MNI senior management team but paid for by the shareholders is a vulgar suggestion that a commenter could not have done better. <br />I think that's the point. Management does not profit from their position but from their performance. It's hard to see how this team can be judged to have performed well for the shareholders. They certainly have not been a good team for the employees.<br />People like our commenter at 6:01 would drop the conversation to a rude, personal level so that this breech in the fiduciary duty of the board will go unexamined. <br /><br />The company gets to decide how to compensate the management team but should be held up to public ridicule and, in egregious circumstances, to legal examination of their actions.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-29601665560926812212009-12-20T19:05:52.526-08:002009-12-20T19:05:52.526-08:00Mentally masturbated...ha ha ha ha ha...that is so...Mentally masturbated...ha ha ha ha ha...that is so funny ha ha ha.<br /><br />Someone has to be the butt boy defender of the MNI management team.<br /><br />Might as well be you.<br /><br />You seem to be the perfect defender...foul and none to bright.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-456860027629420172009-12-20T18:59:28.203-08:002009-12-20T18:59:28.203-08:00I did not offer my services but you are making pr...I did not offer my services but you are making profoundly ignorant assumptions about what experience I might or might not have. If you can't argue for why this team of losers and parasites deserves a big payoff courtesy of the shareholders, don't just attack those of us who are willing to argue whey they should not.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-41899251014902056572009-12-20T18:01:14.040-08:002009-12-20T18:01:14.040-08:005:51PM - Sure. Then they should hire you with your...5:51PM - Sure. Then they should hire you with your vast corporate level experience to deal with a situation you've only mentally masturbated about. Great.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-34448741292677879042009-12-20T17:51:46.909-08:002009-12-20T17:51:46.909-08:00I can't imagine whey the shareholders should r...I can't imagine whey the shareholders should reward this team for their performance or be too concerned about their retention. This just smacks of a sweetheart deal for Gary and his gang without much concern for the interests of the shareholders.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-51780029640375569562009-12-20T16:16:47.228-08:002009-12-20T16:16:47.228-08:00Aon 11:39 Bingo, we have a winner!Aon 11:39 Bingo, we have a winner!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-5240058452010517732009-12-20T13:25:35.314-08:002009-12-20T13:25:35.314-08:00Editor's pick: SacBee report shows California&...Editor's pick: SacBee report shows California's 'green' ink-cartridge recycling fails to cut pollution, or costs -<br /> http://shar.es/1vDOH <br />==<br />That report is worth some award or other! Which award are they passing around now?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-85691494593190875062009-12-20T13:19:19.584-08:002009-12-20T13:19:19.584-08:00Question: What to do with the oversupply of old m...Question: What to do with the oversupply of old media journalists?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-31702379296110714962009-12-20T12:27:02.088-08:002009-12-20T12:27:02.088-08:00There are smart, respected managers but they lead ...There are smart, respected managers but they lead healthy, fiscally-responsible companies.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-90219831048463748282009-12-20T12:16:31.815-08:002009-12-20T12:16:31.815-08:00Gary Screwit made a huge mistake early on when he ...Gary Screwit made a huge mistake early on when he bought Knight Ridder, and the rest is Pistory.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-34332206994253490082009-12-20T12:11:37.642-08:002009-12-20T12:11:37.642-08:00As long as the corrupt unions stay out of Wal-Mart...As long as the corrupt unions stay out of Wal-Mart, they will stay healthy. Only forcing slug-like, lazy, workers you can’t fire, on them would bring them down, like the auto industry.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-33051202455044830792009-12-20T12:05:53.492-08:002009-12-20T12:05:53.492-08:00Re: “WMT is no longer innovative”
Looks like no o...Re: “WMT is no longer innovative”<br /><br />Looks like no one told the Walmart shoppers that bit of bilge. If I wasn’t saving serious bucks, I wouldn’t be standing in line to save money either, dumb us!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-83921823200943043042009-12-20T11:39:49.417-08:002009-12-20T11:39:49.417-08:00Do I hear a whine in the lions den.
Dear people:...Do I hear a whine in the lions den. <br /><br />Dear people: No one forced to you to work for a biased, leftist, irrelevant newspaper. You told us it was about changing the world and not about dollars. Why now is it about dollars. You changed the world for the worst. You have that hopey/changey thing you wanted. Did a tree fall in the forest. ENJOY!!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-6058451975921849922009-12-20T11:28:59.949-08:002009-12-20T11:28:59.949-08:0011:10AM - There is no cash paid unless the compani...11:10AM - There is no cash paid unless the companies stock price improves for the SARs. <br /><br />The restricted stock grants won't be cash until 2012 and will be based on the stock price at the time.<br /><br />So, there is no cash to "...put back into the corporation and spare the layoff[s]..."<br /><br />They only get paid cash if (1) they're around in 2012 and (2) if the companies stock price increases (in the case of the SARs).Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-43678820110284313532009-12-20T11:10:04.725-08:002009-12-20T11:10:04.725-08:00Why don't they put that money back into the co...Why don't they put that money back into the corporation and spare the layoff of how many people that this money would pay the salary of?<br />What have they sacrificed over the last two years? <br />Give them the same choice the employees have - sacrifice or quit!Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-58624233490644547742009-12-20T10:33:12.614-08:002009-12-20T10:33:12.614-08:0010:24AM - I am not so sure....
Post from WMT Yah...10:24AM - I am not so sure.... <br /><br />Post from WMT Yahoo message board:<br /><br />"WMT was once innovative<br /><br />Now its become a parasite that just devours the American consumer in its quest to eliminate the retailing industry. American should of learned from the Banking system, when they get too big they become a CANCER thats destroys what it once envied. WMT is no longer innovative in its approach to business, there business model has closed there eyes."Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-29021443725864909632009-12-20T10:24:37.500-08:002009-12-20T10:24:37.500-08:00It certainly looks like Wall*Mart snagged off all ...It certainly looks like Wall*Mart snagged off all the competent business people.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-75357016225706984572009-12-20T10:14:06.419-08:002009-12-20T10:14:06.419-08:00Why is it that people who have never been near the...Why is it that people who have never been near the top of an organization have all the "right" answers and "spot on" criticisms but never get to the top?<br /><br />Seems odd that in almost every business/organization in the US, the "smart" people never get to the top, only the incompetents.<br /><br />I can't chalk it up to simply being a McClatchy/Pruitt thing since it dominates almost every publicly-traded companies' Yahoo message board and related blogs like this...<br /><br />I don't understand.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-40675995713151410512009-12-20T09:51:58.963-08:002009-12-20T09:51:58.963-08:009:23 - Good question. Why hasn’t Gary Pruitt been ...9:23 - Good question. Why hasn’t Gary Pruitt been fired?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-12588245528219328302009-12-20T09:23:57.254-08:002009-12-20T09:23:57.254-08:00How about culling out some of the corporate losers...How about culling out some of the corporate losers getting these "bonuses." Isn't gross incompetance grounds for firing?Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-87203848116078408822009-12-20T08:54:05.229-08:002009-12-20T08:54:05.229-08:00‘Some’ media experts say the print media is experi...‘Some’ media experts say the print media is experiencing a needed “newspaper cull,” which probably meant winnowing out the inferior newspapers, but who knew the extent of the needed culling? <br />The KC Star should be “Cull One” <br />MOO StanAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-4726844761468242273.post-45867077386863256752009-12-20T08:33:44.810-08:002009-12-20T08:33:44.810-08:00“A rising tide lifts all boats”
So, this ‘Hopey-C...“A rising tide lifts all boats”<br /><br />So, this ‘Hopey-Changy’ thing will lift the USS McClatchy (Titanic) any day now?<br /><br />BwhahahahaAnonymousnoreply@blogger.com