| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Ackman’s “cost-cutting” at CP Rail; 50 million for the new CEO
Outgoing CPR CEO Fred Green would have had to work another ten years or more to get the kind of green Harrison Hunter scored in his first year at the venerable Canadian railway.
Hunter’s first year compensation is reported to come within a whisker of 50 million.
That of course will come out of the hides of the 4,500 CPR employees scheduled for redundancy in the next couple of years.
But what the hey, everybody knows you can let track maintenance slide for a few years. And squeeze a few more years out of those rail cars that were scheduled to be replaced. And whatever lawsuits result from the horrendous accidents that will inevitably result from all this cutting will take so long to drag through the courts that Bill and Hunter will be long gone by the time the shit hits the fan.
Long gone with their pockets bulging with cash… long gone with the applause of the Canadian business media still ringing in their ears.
2013-03-22 16:31:35
Source: http://theviewfromfallingdowns.blogspot.com/2013/03/ackmans-cost-cutting-at-cp-rail-50.html
Source:
