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Forums » FairPoint CEO's Base Pay Jumps 30%
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Comments on news posted 2009-05-05 08:43:53: According to the Portland Press Herald, Fairpoint CEO Eugene Johnson saw a 30% increase in base salary, while six other top managers saw raises averaging 23%. ..

page: 1 · 2
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ropeguru
Premium
join:2001-01-25
Bridgeport, WV
clubs:
·VOIPo

 And this is a surprise??

Given the greediness of most all executives these days, even when the company is going to crap, this should surprise no one.

I still say Verizon did this knowing that Fairpoint would die then Verizon can step back in and take everything back for pretty much nothing.


pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
Ugh

I smell more bailouts.


hayabusa3303
Over 200 mph
Premium
join:2005-06-29
clubs:
better idea

Quit giving Ceo pay increases and just tell them THEY get to keep there job other year.


Not a CEO

@suddenlink.net
Not Surprised

Its nice to be at the top. It seems this is the place to be in any company. Do nothing, bankrupt your organization, and get paid millions!


n2jtx

join:2001-01-13
Glen Head, NY
·Optimum Online

reply to hayabusa3303
Re: better idea

said by hayabusa3303 See Profile :

Quit giving Ceo pay increases and just tell them THEY get to keep there job other year.
Better yet, don't give them a pay raise and tell them to hit the road. Then replace them with someone competent.
--
I support the right to keep and arm bears.


pnh102
Reptiles Are Cuddly And Pretty
Premium
join:2002-05-02
Mount Airy, MD
·Comcast

said by n2jtx See Profile :

Better yet, don't give them a pay raise and tell them to hit the road. Then replace them with someone competent.
Blame the shareholders who allow for this type of thing to occur.
--
Blagojevich / Madoff 2012!


DataRiker
Premium
join:2002-05-19
Metairie, LA
clubs:
wrong

This screams everything that is wrong with America


trustee

@comcast.net
reward for great first 1/4

reward for great first quarter - listen to upcoming announcement


trustee

@comcast.net
reward for great first 1/4

Dolgan
Premium
join:2005-10-01
Sun Prairie, WI
reply to ropeguru
Re: And this is a surprise??

You're a fool to believe that Verizon even remotely wants the territory back. Another small ILEC [ie Century Tel/Frontier] would be the most likely canidate to pick up Fairpoint if it fails.


SteveCon
IBEW 2222 Boston, MA
Premium
join:2004-09-02
Burlington, MA
·Verizon FIOS

reply to ropeguru
Like the previous poster stated: Verizon wants no part of this territory. It is far too expensive to deploy new fiber technology or even maintain the existing copper plant in such a sparsely populated area. I bet Verizon would unload western and possibly central MA if it could.

patcat88

join:2002-04-05
Jamaica, NY

reply to pnh102
Re: better idea

said by pnh102 See Profile :

said by n2jtx See Profile :

Better yet, don't give them a pay raise and tell them to hit the road. Then replace them with someone competent.
Blame the shareholders who allow for this type of thing to occur.
Yep, its the old boys club. Even if you own stock, your vote is meaningless »finance.yahoo.com/q/mh?s=FRP, and any single person investors always proxy their vote away anyways.

me1212

join:2008-11-20
Pleasant Hill, MO
·VOIPo

reply to n2jtx
said by n2jtx See Profile :

said by hayabusa3303 See Profile :

Quit giving Ceo pay increases and just tell them THEY get to keep there job other year.
Better yet, don't give them a pay raise and tell them to hit the road. Then replace them with someone competent.
^This


TKJunkMail
Enjoy the sun
Premium
join:2002-03-03
Avalon, NJ
·Sprint Mobile Broa..
·Comcast

reply to patcat88
said by patcat88 See Profile :

Even if you own stock, your vote is meaningless »finance.yahoo.com/q/mh?s=FRP, and any single person investors always proxy their vote away anyways.
I don't. I always vote for what I think is best for me. But I admit I am in the minority.
--
My BLOG .. .. Internet News .. .. My Web Page

GenBlood

join:2005-04-14
Nashua, NH
This is TOTALLY .. MESSED UP !!!


This is why the US is becoming a third world
country .... just like Africa ... Only a few
rich people an the rest poor ..

FairPoint losses millions and they give the people
in charge " BONUSES and big salaries "

Kearnstd
Elf Wizard
Premium
join:2002-01-22
Mullica Hill, NJ

reply to hayabusa3303
Re: better idea

with the current economy you could likely hire execs who are better at their jobs and willing to work for less.

which the investors would like as it means more money not going into over inflated salaries.
--
[65 Arcanist]Filan(High Elf) Zone: Broadband Reports


Time
Premium
join:2003-07-05
·Dish Network
·Cox HSI
·Embarq

reply to GenBlood
Re: This is TOTALLY .. MESSED UP !!!

said by GenBlood See Profile :

This is why the US is becoming a third world
country .... just like Africa ... Only a few
rich people an the rest poor ..

FairPoint losses millions and they give the people
in charge " BONUSES and big salaries "
Typically, individuals in third world countries don't have solid homes and a vehicle parked outside. What you consider to be "poor", is what an individual in a third world country would consider to be wealthy.


ptrowski
Got Helix?
Premium
join:2005-03-14
Putnam, CT
clubs:
·VOIPo
·Metrocast Communic..
·AT&T DSL Service
·ViaTalk

reply to SteveCon
Re: And this is a surprise??

said by SteveCon See Profile :

Like the previous poster stated: Verizon wants no part of this territory. It is far too expensive to deploy new fiber technology or even maintain the existing copper plant in such a sparsely populated area. I bet Verizon would unload western and possibly central MA if it could.
Not sure about central Mass. I have quite a few friends that are moving to the Shirley area because it is somewhat "affordable". I would imagine that will be built up next with some substantial developments.
--
"So, Lone Starr, now you see that evil will always triumph because good is dumb."

Have you been touched by his noodly appendage? »www.venganza.org

bac522

join:2003-08-04
Manchester, NH

reply to SteveCon
WRONG!!!! Verizon actually didn't want to give up southern NH, but Fairpoint said no deal with out southern NH being part of the sale.

I love you people who don't know squat, don't sit in executive meetings, probably don't even own stock yet seem to know though some mysterious osmosis that you know what Verizon does and doesn't want.


vv1r3d

@centurytel.net

wow...

In response to the Air Force guy..... THIS IS 3rd WORLD... to what we used to be, think about what America has done, and what we have lost. My family has been here for over 200 years, and lived in Missouri for over 175 of them. America was once thriving, with ideas everywhere... now our goverment is scared of the "new" and "now" and paranoid that the people might want a change. America has invented: The light bulb, Automobile as we know it today, Computer, Internet, Cotton Gin, Peanut Butter, you name it... we even invented Fortune Cookies (look it up). That is where it ends, we then let someone else improve it because once someone makes money they get lazy.

I could go on all day, but I think I will let someone else have some of this page.
Forums » FairPoint CEO's Base Pay Jumps 30%page: 1 · 2


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