Comments on Corporate Employees Without Borders
i worked there for 6 years, and right before i left, they cut 10% of the corporate work force, redid a few of their programs, and it got worse. booksellers had less and less of a say as time went on-i don't see that changing.
I know from experience: when a bookstore chain does something like this, it's over. Give 'em a year to bleed through their remaining credit and emergency practices, then it's goodbye.
I don't think it's necessarily a bad thing that book selling is primarily moving to the internet.
I love local bookshops in theory, but dislike them in practice. Yes, I love looking at staff picks, etc, but then they never seem to have the books I'm looking for.
Now, I buy my books used primarily through either Amazon Marketplace or Barnes and Noble Used/Out of Print Service. So even if my local used bookstore doesn't carry a copy of the book I want, I can find a used bookstore that does.
I do think it sucks that these major booksellers like B&N and Amazon get almost total say in what books are popular, but the other upside of the internet is that a dedicated writer can put together a publicity campaign online. It isn't easy to overcome the white noise of the internet, but that's not to say that it's impossible.
But I'd be really interested, Paul, in your point of view as to where bookselling is going versus where it should be going versus where it has the potential to go. If you've already written a post like that, let me know because I'd really love to read it.
How much did they increase the total pay and benefits of the CEO, CFO, and top 5 execs by when they cut the actual workers to do this?
Somebody do an EDGAR lookup.
Total Compensation
George L Jones, CEO, 1.6 Mil to 2.1 Mil
Edward Willhelm, CFO, 570k to 740k
Robert Gruen, Merchandising and marketing president, 756k to 978k
the biggest one is cedric j nazura, emerging, business technology, chief strat office, 605k to 1.8 mil.
That is total compensation numbers, the actual base salaries are sub 1 million for all.
Is that column E or column A and did you add in options, benefits, and forgiveable loans?
man, Border's used to be cool when it was all about the books...
Column E.
OK. thanks.
I'm surprised, some of it must be buried in the notes.
it was a fucking bitch to find especially reading the text version.
I also randomly said Column E becaues I assumed it is usually the standard column for total income, but they have columns to J on there.
interesting - not as overpriced as most CEO plus top 5 exec compensation usually is.
It seems downright cheap.
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