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Executive Bonuses Yes. Rank-And-File Raises, No.

12-26-2012

It was only six months ago that Radio One CEO Alfred Liggins wrote an e-mail to his troops that, despite the good start to the year, belt-tightening was still needed. He said the company needed to "aggressively" manage expenses to adhere to an agreement it had with a bank so there would be no employee raises. Employees did receive an additional three days of paid time off. In an 8K document filed with the SEC yesterday, Radio One announced it would be handing out half a million dollars in bonus money to two executives.

Here's a portion of the Liggins e-mail from June of this year. "I would like to start by sincerely thanking all of you for your hard work and continued commitment to the company. As you are aware, we had a successful Q1 and the outlook on Q2 is positive as well. It goes without saying that our success is dependent upon our employees, so congratulations and thank you. While I am very pleased with our current performance, it is my position and that of our Board of Directors that we must continue to aggressively manage our expenses and grow our revenue in order to adhere to the terms of our bank agreement."

 




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- WxTizRePhBUYxxdDNV
(1/24/2013 8:59:25 AM)
Are you kidding me? The two whom received bonuses sit in an office that over looks Georgia Ave and the rest of the Silver Spring Area. Do you really think they were paid less than $200K, with paid parking, all expenses covered? Managers make almost 125k to 200k at Radio One. So can you really think an executive at Radio One is making less than 200K? That bonus is almost a double salary bump!

I have a bridge in Brooklyn to sell you, ice in Alaska too, Mr. Eskimo.

- Salesperson
(1/1/2013 2:13:45 AM)
well both employee were not Black
of if Alfred gave them Bonus
I have never me a person wirh so much
self hate
ACl hates black ppl SMH

- Dont Worry
(1/1/2013 2:11:40 AM)

- Dont Worry

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