For those of you who have been worried about how executives at Carthage-based Fortune 500 company Leggett & Platt are going to pay their bills, the answers are made quite clear in a couple of documents filed today with the Securities and Exchange Commission.
In the compensation summary sheet, we discover that CEO David Haffner will receive an annual salary of $900,000, which will swell to near $2 million if he receives his 80 percent cash incentive. Other officials will also strike it rich, according to the filing.
I am sure with these kind of incentives available, Leggett executives will do their best to keep their employees working at all facilities.
considering most of the employees at Talbot havent had a raise of more than 15 cents in 5 years I hope he spends it well !
ReplyDeleteGood job, Randy. Keep up the good work!
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How about the sinking ship division of "Hanes Geo"? Looks like lay-offs are right around the corner to pay for those generous executive bonuses.
ReplyDeleteWho cares? They are a private business and can pay whatever they want. Until they use taxpayer money to fund the company, it isn't an issue. You could write worthless articles all day long about any business in the area and what they pay their executives. What is the point? Why the woody for Leggett?
ReplyDeleteI am sure the Leggett offficials appreciate how solicitous you are of their salaries and perks. Personally, I prefer to side with the people who don't have contracts calling for them to receive millions if they lose their jobs. I would prefer to see a world where executives would be rewarded for finding a way to keep their employees working. The people who are struggling to pay their bills and don't have a safety net if they happen to lose their jobs deserve to know what their bosses are making. So do the people who are investing their money in Leggett & Platt stock. It is a publicly traded company. If you don't want to know what Leggett officials make, please feel free to skip the posts when I make them in the future.
ReplyDeleteI worked for leggett & platt and they are non caring business owners. Got rid of 20+ yr employees and said that he could get people from off of the street and get the same production out as old employees. Well the joke was on him, didn't happen. Aslo plant manager said he could care less about the employees, told them that if they voted the union out that he wouldn't cut their pay. Everyone believed him and out the union went and down went their pay. So glad that me and my husband are out of there.
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