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EarthLink CEO got bonus rise amid layoffs
by lilhurricane 07:11PM Monday Apr 19 2004
April 19, 2004

ATLANTA -- EarthLink Inc. gave its CEO a 76 percent increase in his annual bonus last year, during which time the nation's third-largest Internet service provider was cutting 1,300 jobs, a regulatory filing shows.

The Atlanta-based company paid chief executive Garry Betty a $346,790 bonus in 2003, compared to a bonus of $196,590 in 2002. His bonus in 2001 was $186,498.

In January 2003, EarthLink said it was cutting about 25 percent of its work force because of increased competition. At the time, EarthLink had 5,100 employees.

This past January, EarthLink announced it was cutting another 1,300 jobs, which then represented 40 percent of its remaining work force. The company said 2,000 employees would remain after the latest round of cuts.

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Doctor Olds
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Sorry sack of sh**

Yes, that's what he is for taking the money when he's running the company into the ground. The only reason they showed a bit of profit was from firing over 1300 Americans so he can live a lavish lifestyle. I say Fire him and hire a 70,000 dollar a year worker to bring the company around.