Profile picture
, 3 tweets, 1 min read
My Authors
Read all threads
UPDATE: Ashford Inc, which operates luxury hotels like the Ritz-Carlton, has now applied for 64.4 MILLION in PPP loans, which were intended to go to struggling small businesses.

The largest subsidiary paid its CEO $3.1 million in 2019
3 publicly traded companies reported receiving $10 million PPP loans today

FreightCar America (paid its CEO $2.1M in 2019)

IDT Corp (Paid its CEO $1.6 million in 2019)

Harte Hanks (2019 CEO compensation not yet available)
I was looking at the two Ashford Inc subsidiaries.

The parent company also received another 3.3 million in PPP loans (bringing the total to $67.7M) and it's CEO, Monty J. Bennett, was paid $5,668,730 in 2019
Missing some Tweet in this thread? You can try to force a refresh.

Enjoying this thread?

Keep Current with Judd Legum

Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

More from @JuddLegum see all

Profile picture
Judd Legum
@JuddLegum
UPDATE: @Kroger just disclosed CEO Rodney McMullen received $21 MILLION in compensation in 2019

The details of his compensation package may explain why McMullen is so eager to end the "hero bonus," cutting wages by $2/hour in the middle of a pandemic

popular.info/p/update-kroge…
@kroger 2. @Kroger likes to talk about how its compensation is performance based but McMullen was paid over $20 million despite failing to achieve two long-term goals related to employee and customer satisfaction

popular.info/p/update-kroge…
3. Kroger has eliminated the metrics related to employees and customers

Next year, McMullen's bonus will be determined, in large part, by how much FREE CASH FLOW he creates

By cutting worker wages, McMullen increases the chances of maximizing his bonus

popular.info/p/update-kroge…
Read 9 tweets
Profile picture
Judd Legum
@JuddLegum
1. @kroger CEO Rodney McMullen is paid $12 million per year

Sales at his stores are booming

Multiple Kroger workers have died of COVID-19

But, as the pandemic rages, McMullen plans to rescind its $2/hour "hero bonus" for hourly employees in six days

popular.info/p/anti-hero
@kroger 2. @Kroger hasn't released details of McMullen's 2020 compensation, but it's tied to metrics

Previously, one of McMullen's key metrics was "Reduction in Operating Cost as a % of Sales"

So by ending "hero pay" McMullen may be increasing his salary

popular.info/p/anti-hero
3. @Kroger confirmed to me that McMullen and other executives continue to WORK FROM HOME

So the company understands things have not returned to normal

"We have found that they can effectively serve and support our store teams while working remotely"

popular.info/p/anti-hero
Read 5 tweets
Profile picture
Judd Legum
@JuddLegum
1. On February 28, just 71 days ago, Donald Trump held a rally in Charleston, South Carolina

Since then there have been 1,323,068 confirmed cases of COVID-19 in the U.S.

78,639 Americans have died.

Let's review what Trump said on February 28.

Because he'd like you to forget.
2. "Now the Democrats are politicizing the coronavirus, you know that right? Coronavirus, they’re politicizing it. We did one of the great jobs. You say, 'How’s President Trump doing?' They go, 'Oh, not good, not good.' They have no clue. They don’t have any clue."
3. Trump's point was that he was doing an amazing job dealing with the coronavirus and the Democrats, who were arguing Trump should be doing more, were "politicizing" the issue because they weren't recognizing how amazing he was doing.
Read 13 tweets

Embed code for your website

×
Follow Us on Twitter!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3.00/month or $30.00/year) and get exclusive features!

Become Premium

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!