I hate to say it, but this is simple supply and demand. Boscov's cannot afford to lose the senior execs when going through a bankruptcy filing. These are the most important individuals in the company and need to be retained in to emerge stronger from the filing. The store level employee. Come on. You hate to see it happen, but these are minimum wage jobs and there are plenty of people willing to take them. Supply and demand.
QUOTE (sjdream @ Aug 29 2008, 11:01 PM)
Irregardless of whose fault it is that Boscov's is sinking and sinking fast (and yes, greed is a major part!); it is offensive that these top executives receive "success pay". Success in what?? They've left the stores hanging, not sure of when or if any merchandise is coming in. Advertising goods that are not in the stores, haven't been for months and probably never will again. The workers have been told to "pull together", "ride it out," "we'll get through this"--yeah right! Meantime, there's no raises, not even the usual measly .15 that's so graciously handed out each year. These employees have all been put on hold, and when and if there is ever any money for raises, they won't be retroactive. So employees are being asked to work their tails off, accept their hours being cut, open those charges, and oh, by the way, you can't have a raise that you've been waiting for for a year. But we'll make sure we all line our pockets with a "success" bonus!
