Quantcast
Don't Miss
Home / azpolicywonk / Freedom paid out $3.7M in bonuses to top executives (access required)

Freedom paid out $3.7M in bonuses to top executives (access required)

Most Freedom Communications employees probably have never heard of the company’s MBO bonus program, but the higher-ups know all about it. The program paid out more than $3.7 million to Freedom’s top executives during the past year, not to mention other expenses such as partner distributions, automobile reimbursements, club memberships and, for at least one executive, ...

29 comments

  1. Great to see a company squanders its resources by laying off talent while rewarding incompetence. How can Flanders given a bonus for bankrupting the company? That is the only thing he did the whole time he was a Freedom!

  2. Is there not bankruptsy laws against yjis kind of miss use.

  3. Wow. I would have thought a website that allegedly does quality reporting would have vetted this information. Heck, it’s public record! But no. Instead the numbers are highly inflated in at least a dozen cases. Simple math is all it takes, but apparently the so-called reporter lacks those skills.
    It’s a shame that many on this list who have worked their backsides off for so many years have to be dragged through the mud with shoddy reporting and the commenters who have no life at all.
    Such a pity.

  4. Can you do a little more digging on this issue? I guarantee you that there are more than 45 people in the company who received MBOs last year.

  5. OMG I can’t work anymore considering I had my 5% taken away and now I have to look at this. I think I am going to hurl!

  6. When you look into the Freedom Communications SOFA you’ll see a PAYMENT during the bankruptcy of more than $165,000 to the Anahiem Ducks Arena for a luxury sky box.

  7. Fascinating to note that the (former) finance chief who was shifted to a far lesser role took $199,000

  8. All this information is available–free of charge –on a public website

    Go to http://www.loganandco.com

  9. @Tired of the BS

    Tired, you are either an executive or you don’t work for Freedom. And your little dig about the other commenters? You posted a comment and thus became a commenter yourself. Using your logic, you also have no life at all. See how that all comes together? That being clarified, I’ll make my comment now. As a long time employee of Freedom, I, too, have worked my backside off for Freedom for many years and what MBO bonus did I, or many other non-executive workers, receive? Well, let’s see if someone can cull together that information on a similar list and we can compare the figures to see what’s more unfair: The hypocrisy and disregard that are the bonuses paid to these muddied executives or the loss of salary for the hundreds of others who were laid off or the current employees who’ve experienced mandatory furloughs and a 5% pay cut in the last six months, all for the betterment of the company’s bottom line.

  10. Sweet. You added more names, and you still have a half dozen spelled wrong. This is amazing.
    Oh, and let’s not forget that several of the numbers are still fouled up. While I have the ability to correct, I won’t. That would be too easy.
    It would be more appropriate for the writer, who is hiding with no byline, to confess his/her inability to put together an accurate report and disappear into a dark abyss. Oh, and the editor’s should go, too, if there even IS an editor.
    While I cannot condone all of these bonuses, some of these people in the field busted their backsides under trying circumstances. To crucify every executive is grossly unfair.
    I will refrain from calling garbage like this ‘journalism.’ It isn’t even opinion, and it’s darn sure not analysis. It’s trash work by a cowardly writer and website.
    Challenge those who should be challenged. But leave the rest alone. There are many good people on this list who don’t deserve the grief.

  11. Are there any requirements for how these MBO bonuses are handed out? Do executives have to reach certain goals to get the bonuses? If so, what are the goals?

  12. Mr. Tired of the BS, then what is the link to the public record?

  13. Freedom was a good company to work for and this has been a tough year so I am glad this folks were taken care of, I am sure they worked harder this year than any other of their career.

    Looks like a case of “gotcha journalism” to me, after 20 years with Freedom I have never been fired with more grace.

  14. Tired of the BS – HELLO?? WHEN YOU GO TO BANKRUPTCY COURT, YOU MUST HAVE FULL DISCLOSURE!! YOU WANT SOMEONE TO BLAME? BLAME FREEDOM’S CEO AND HIS UPPER MANAGERS FOR CAUSING THIS TO HAPPEN!

  15. @Tired of the BS
    To Tired of BS,

    Many of the people on this list did not ”work their backsides off” as you state.
    Many on this list were and still are part of the reason why of this wonderful company fell apart. They deserved no reward.
    Sales people of Freedom were not paid commissions or bonus’s if they did not make their goals, so please tell me why senior management made bonus’s when the company did not make goal? How is that OK? The people who did work their backsides off, in many cases were laid off during the same time top executives were making their bonuses. How is this OK? How is outsourcing to India a good decision?
    Top executives made and still are making poor decisions that are hurting this company. These top executives are so out of touch with the realities of working in this company and have no idea of the damages they have cause with their decisions.
    They deserve no rewards and many should be fired for a total lack of knowledge of the market place.

  16. This is not an anonymous blog. The writer is Matt Bunk. The link to check this work can be found at: http://www.loganandco.com/client_detail_docket.asp?DebtorId=361
    If anyone sees anything that’s not correct, feel free to email me at matt.bunk@azcapitoltimes.com

  17. @Tired of the BS
    1. The writer isn’t hiding with no byline. You are.
    2. Possible that the writer misspelled some names. Names can be tricky. Knowing, however, that a plural ‘s’ doesn’t come with an apostrophe is grade school grammar. (It’s “editors” not “editor’s.”)
    3. Whether the people on this list are good or hardworking is hardly the point. The people who took pay cuts and unpaid furloughs (or even got fired) are good, hardworking people. It’s about the math. Money in the executives’ pockets came directly out of the pockets of the people on the lower rungs. (Oh – by the way – that use of an apostrophe on the plural noun I just did there? That’s because it’s a possessive plural. Look it up.)
    4. The writer did not crucify anyone. This is good, straight reporting with no opinion or commentary. It is your opinion that some of the people on the list might not deserve the bonus. Do you know everyone on the list and who did or did not deserve what? By reporting fully on what is in the public record, people have the opportunity to make that judgment for themselves rather than relying on your, or the reporter’s, opinion of who should be challenged.
    5. As someone directly affected by the pay cuts, I see how much the person in our location received. It’s gutwrenching. I’ll be switching to the cheapest health insurance option and dropping dental altoghether this year because of the pay cut. With a family, if we have any big-ticket medical issues this year, that may end up biting me in the a**, but we can’t afford the mid-range plan any more.
    Oh – and merry christmas.

  18. Oh – and I forgot to mention our lost 401k contribution, and the increased workload that has accompanied the lower pay.

  19. I worked for The Freedom Family for more than a few years. It is GREAT not to be anymore.

    Is this article accurate? I would be inclined to say it is.

    Is this artical surprizing? Maybe a little but it shouldn’t be.

    I left just after my unpaid furlough but before the 5% pay cut. I feel badly for the friends that I left behind but as the GM told some long time but concerned workers once; “The doors aren’t locked, you don’t have to work here”. I’m sure those words made them feel like they were the company’s most valuable asset. You betcha!

    One cannot help but wonder how these top people sleep at night.

  20. wow, to think of all the times that I had to write off my overtime so that we could make budget. Now I see all the broadcast executives that received these bonuses, and I can see where my overtime income went. Thank you Freedom Corporate, it was a pleasure to let you steal from me. Thank you Scott Flanders, and Doreen Wade. It is nice to see that you are able to make a living, and bonuses by stealing from an underpaid employee, bravo.

  21. “…some of these people in the field busted their backsides under trying circumstances.” Yeah, busted their backsides trying to get as much money into their own pockets before bankruptcy was filed.

  22. Ok my comment was intended as “tongue in cheek”, I watched as Freedom let good people go (hell I thought I was pretty good) and hired people at the corporate level that could not find their butts with both hands.
    So don’t get me wrong 5% pay cuts and unpaid furloughs while the bosses took bonuses is not right, but I am sure it makes sense to those folks on the west coast.

    I miss the folks but I don’t miss the number crunchers. We all helped kill the local broadcast/print business when forgot to be good local corporate citizens and went for the dollars.

  23. I would have left… if it weren’t for the fact that every other company I’ve worked for hadn’t done the same thing. The longer you work for a company the less you get paid. Doesn’t matter the field either. I’ve changed carriers and left jobs because of pay cuts working retail, management, manual labor, and computer graphics. Only difference is I actually like to do Graphics and its nice that the people where I work are too stubborn to talk to someone with an Indian accent. I’ll probably work here till my jobs gone. If anyone is starting a union sign me up, at this rate what do I have to loose.

  24. As a former worker for Freedom Broadcasting, former because my entire place of employment was shutdown, this article makes me absolutely sick to my stomach. Whether these numbers are inflated a bit, or not, at least 80% are much much higher than my yearly salary. Absolutely pathetic. And as far as people “working their behinds off” — what a bunch of BS. My hope is one day their way of conducting business will come back to bite each of them in the behind. Needless to say my (and all my co-workers) layoff was a blessing–to not have to work for that company any longer.

  25. So this is why I could not get my Freedom Pension sent to me in a lump sum. It makes me sick. This is something that has been going on for years. One MBO could have saved my job for 2-3 years. As far as Scott Flanders you need to keep your comments to yourself. You got your bonus and fled to another high paying job. While I sit home trying to receive unemployment of $270 a week before taxes. What goes around comes around.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

 

Scroll To Top