We, laid off Borders employees, demand that the company's executives not be paid bonuses after 6,000 people lost their jobs!
Weeks after Borders, Inc filed for bankruptcy protection and announced that 225 stores would close and more than 6,000 employees would lose their jobs, the company's President and CEO is asking for $8.3 million in executive bonuses (including nearly $1.7 million for himself)!
Borders is in more than $1 billion debt, and employee raises have been frozen for years, yet last year the CEO got an 87 percent salary increase.
This kind of executive compensation flies in the face of all financial logic and morality. 6,000 people have lost their jobs and these guys think they deserve millions in bonuses for making it happen!
Join our campaign to demand that the request for executive bonuses be immediately withdrawn, or significantly amended so as to tie much lower bonuses to successfully paying off the company's debts, helping it survive and thus protecting the thousands of workers that remain.
Borders Bonus Watch started this petition with a single signature, and won with 2,186 supporters. Start a petition to change something you care about.