“Book ‘Em, Dano” 0
Dan Casey awards his seventh annual Dano awards for distinguished accomplishments in stupid. Here’s one (emphasis in the original); follow the link for more.
Now in bankruptcy, ANR earlier this month asked a federal court in Richmond to allow it to pay up to $14 million in executive bonuses. At the same time, it proposed eliminating workers’ 401K match, short-term disability benefits, curtailing paid vacation and more.
Here’s how the company justified it: “Successfully navigating Alpha’s restructuring process has been and continues to be the primary focus of our senior management team and maintaining that strong leadership throughout this process is viewed as essential in the eyes of both the board and Alpha’s constituencies.”
For that, they also win the Dano in Corporate Gobbledygook.
