$30 Million on the line Monday

“Businesses often forget about the culture, and ultimately, they suffer for it because you can’t deliver good service from unhappy employees.”–Tony Hsieh

This coming Monday the Board will be meeting again. This time they will be deciding if they are going to give ATD the remaining $12 million in bonuses and the extra 5% in profit sharing that he proposed. This comes just weeks after the Board voted to give the 9 shareholders a $300 million dividend payment. As you know ATD had proposed $56 million in bonuses and a 20% contribution of eligible wages to profit sharing participants. At the November 25th meeting the Board voted to give $44 million and a 15% contribution with the additional amount tabled until the December 16th meeting.

It is safe to say that ATD wants this for us because of the hard work, dedication and focus on business this year especially with the distractions caused by the Board in the last half of 2013. We are well aware that if we receive what ATD wants it is because of his generosity and philosophy of sharing. If we do not receive the extra bonuses and extra 5% it is ONLY because the Board does not believe that we deserve what our BOSS knows we deserve.

Every single one of us is very grateful to ATD for what we received on December 3, 2013 and we are grateful that he has fought for the stakeholders in this fight.  It is now up to our Board of directors to either give ATD what he has asked for or vote it down.  If indeed they vote it down our Board of directors will once again show that their goal, their only goal, is to increase the wealth of the shareholders at the expense of the hard working and dedicated associates that have built this company and nurture it every day of the week.  This is short sighted and in the end will be killing the goose that lays the golden egg.  Happy associates make for happy customers that makes for a profitable business, you don’t need an MBA to figure that out.

Comments

  1. Cindy whelan says:

    Though I am always grateful of any bonus I receive, it has become part of salaried associates pay structure. The fact that ATD is fighting for what he feels we deserve, should make us all feel grateful, not for the monetary aspect, but for the simple fact we are in possession of such a generous and giving CEO. He believes in the investment of the people will ensure a happy work force, which benefits the customers, creating a solid and loyal customer base. Without our customers, we are without jobs. Our beloved CEO continues to fight for us, let’s return the favor, shall we?

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