Wow This Just Makes Me Sick!!

[D on Z102]

Thursday, March 5, 2009
Cumulus Execs Get Bonuses
An SEC filing shows that four top CUMULUS executives received cash and stock bonuses for fiscal year 2008.


Chairman, President, and CEO LEW DICKEY received a $500,000 "discretionary cash bonus payment" as well as 160,000 time-vested shares and 160,000 performance-based shares vesting under the terms of his employment contract. EVP/Co-COO JOHN DICKEY received a $165,000 cash bonus and 70,000 time-vested shares; EVP/CFO/Treasurer MARTIN R. GAUSVIK received $50,000 and 15,000 time-vested shares; and EVP/Co-COO JON PINCH received a $100,000 bonus and 40,000 time-vested shares.

To call this a bonus makes me soooooo mad i cant even think straight. I just feel for all my friends that work or should i say worked for this company in savannah. and then i read they fire a morning show in atlanta and have the nerve to say something like "the economy played a part of it" SICK!!! To have to balls to give out 800,000 buck in bonus money are you kidding me? There are people that i know took pay cuts to save their jobs and this is how they get rewarded.

I just feel so bad for all those who were let go do to "budget cuts" who are having a hard time finding work period let alone in radio. To all my friends there in savannah and to the people who i dont even know my thoughts and prayers are with you all.

SHAME ON YOU CUMULUS SHAME ON YOU! You know what they say about karma and it will come.

Enjoy your bonus money that came at the expense of the sweat and tears of some many that worked so hard just to keep a roof over their heads and food on the table. hope it was worth it.

To everyone else stay strong.

Damien

 

[Silkie]

SHAME ON YOU CUMULUS SHAME ON YOU! You know what they say about karma and it will come.

Enjoy your bonus money that came at the expense of the sweat and tears of some many that worked so hard just to keep a roof over their heads and food on the table. hope it was worth it.

Unfortunately you are talking to people who run a corporation and couldn't care less. The people who work for them are nothing to them, regardless of how hard they work, or how dedicated to their professions they are. The listeners are nothing to them, no matter how devoted or loyal.

When it comes back to these people they will not equate it to screwing people, because right now their only concern is what they can get away with. The hurt that they have caused, unfortunately will come back to them though. And I say unfortunately because there is one righteous person out there who forgives them and understands. That forgiveness and understanding is what will eventually be at the bottom of their woes.

I have seen it too many times, and the person who is so kind actually legitimately feels bad for them when it comes. Go figger.

 

[kenglish]

In a bad economy, a smart person turns his skills to building yachts, distilling champagne and other fine spirits, and serving caviar. That is the man who will always have a job.

 

[kturnerga]

I'm waiting for Cumulus to either shed a bunch of stations, automate them and just have two salespeople/market, or to go bankrupt. Anyone want to guess which scenario will occur by year's end?

 

[Silkie]

I'm waiting for Cumulus to either shed a bunch of stations, automate them and just have two salespeople/market, or to go bankrupt. Anyone want to guess which scenario will occur by year's end?

The bigger they come the harder they fall.

 

[Witchlover]

I'm waiting for Cumulus to either shed a bunch of stations, automate them and just have two salespeople/market, or to go bankrupt. Anyone want to guess which scenario will occur by year's end?

Well, they cut loose Ray Steele on WBMQ in Savannah recently in favor of a syndicated replacement. To my knowledge, there is no local programming on that station. Looks like they're already going the automation route. CMT Country Nights recently replaced live talent on KIX 96. (Is it just me, or is Cody Allen trying to be annoying?)

I guess if the Big One hits, someone will just flip a switch and take the feed from WSAV, rather than have a live employee doing reports.

I remember listening to reports of the JFK assassination on 630 on my mom's car radio when I was barely six. ... ... ...

Sickening? Perhaps. ... Sad? Definitely

 

[smedge2006]

I don't think there'll be much kicking back by WBMQ listeners. They've been told by all their conservative syndicated hosts that localism is a BAD thing. Funny how the latest movement "cause" happens to align with the self-interest of chainsaw station ownership and the syndicated hosts themselves.

Link to a website that proudly proclaims itself as "anti-localism":

http://www.keeprushontheair.com/

 

[younglee981]

I'm waiting for Cumulus to either shed a bunch of stations, automate them and just have two salespeople/market, or to go bankrupt. Anyone want to guess which scenario will occur by year's end?

It has already happened here in Albany GA. They fired the whole on air staff PDs included. and down to like 3 sales reps. also all the stations are satellite automated.

 

[firecop947]

I worked for Cumulus in the Savannah and Albany markets as well. While I was there I was told by the Dickey boys that Cumulus will be the last radio company that I worked for, that I would be promoted and allowed to move-up through the ranks; BS! They treat all they're people as nothing more than numbers. I know a lot of great and talented people who have been shown the door in order for Cumulus to show a profit. What goes around comes around!

As far as Cody Allen, Cumulus had the dream of being a syndicator, and require that the country stations in the company drop live and put on Allen. They did the same thing with Amercian Country Countdown, forced us to run the show because Kix Brooks was doing the show from the Cumulus owned Nashville country station.

Bill Jones, who Cumulus works to death, is the only one in the company that should have got any bonus.

Good Luck to all. Like many who have given radio they're life, I am DONE with the business, unless it changes..

Kris