This is one of the rare cases in the layoff discussions where the exec salaries do seem quite excessive.
Hasbro had been averaging profits of around ~$250M for the last several years.
Paying ~5 people >10% of your profits is INSANE. Continuing to reward them handsomely as your profits drop from ~$250M to -$500M is REALLY INSANE.
Fire them. The new hires should be making 1/5th that or less.
And, yes, you can get someone competent to run Hasbro for $1M.
It's not a fusion reactor...
It's costing the investors who they work for that much money.
It might not be impacting the balance sheet.
> Paying ~5 people >10% of your profits is INSANE.
Wouldn't profits be determined after wages are paid?
This is one of the rare cases in the layoff discussions where the exec salaries do seem quite excessive.
Hasbro had been averaging profits of around ~$250M for the last several years.
Paying ~5 people >10% of your profits is INSANE. Continuing to reward them handsomely as your profits drop from ~$250M to -$500M is REALLY INSANE.
Fire them. The new hires should be making 1/5th that or less.
And, yes, you can get someone competent to run Hasbro for $1M.
It's not a fusion reactor...