OT: Bankruptcy Trustee Gives Dave Brandon a Lump of Coal

Submitted by Tasker Bliss on
From Reuters: A bonus plan for top executives at Toys 'R' Us "defies logic," according to the government's bankruptcy watchdog, who blasted the proposal that the retailer has argued will help boost earnings during its critical holiday shopping season. The plan would pay up to $32 million to 17 executives. "It defies logic and wisdom, not to mention the Bankruptcy Code, that a bankrupt company would now propose further multi-million dollar bonuses for the senior leadership of a company that began the year with employee layoffs and concludes it in the midst of the holiday season in bankruptcy," the office said in papers filed on Tuesday. "Apparently, this Christmas, Toys 'R' Us intends to deliver not only 'children their biggest smiles of the year' but the insiders, too," the office added, in a mocking reference to comments by Chief Executive David Brandon in court papers supporting his company's Chapter 11 petition.
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Robbie Moore

November 30th, 2017 at 3:20 PM ^

officers eat last. From his time in the Army. Became a bit of a personal mantra.

Now, because Dave Brandon is incapable of understanding my fathers mantra, he must be spoken to in language he can understand... from the book of Al Swearengen: "Here's my counteroffer to your offer: go fuck yourself!"

Joined: 12/01/2008

MGoPoints: 46092

Mojo Hall

November 30th, 2017 at 2:15 PM ^

Better yet, bring him to the Christmas party with a big ribbon on his head, and I want to look him straight in the eye and I want to tell him what a cheap, lying, no-good, rotten, four-flushing, low-life, snake-licking, dirt-eating, inbred, overstuffed, ignorant, blood-sucking, dog-kissing, brainless, dickless, hopeless, heartless, fat-ass, bug-eyed, stiff-legged, spotty-lipped, worm-headed sack of monkey shit he is! Hallelujah!

Joined: 11/04/2015

MGoPoints: 886

FauxMo

November 30th, 2017 at 1:55 PM ^

Hey, come on guys. It's not nice to make light of the situation of a guy that won't be able to give his family a Christmas now. This is just mean... 

Joined: 06/17/2010

MGoPoints: 137585

truferblue22

November 30th, 2017 at 2:00 PM ^

Thanks for posting this. I made a comment about these bonuses that Mr. Brandon was trying to get at Thanksgiving and my uncle defended the move -- I'm glad to have some quotes to fire back at him. 

Joined: 06/30/2008

MGoPoints: 13358

Bigly yuge

November 30th, 2017 at 2:38 PM ^

Dave Brandon has mastered the art of being as inept as possible while still getting paid. Dave Brandon would drive the most successful business in the world into the ground.

Joined: 09/23/2017

MGoPoints: 3166

ItsGreatToBe

November 30th, 2017 at 2:46 PM ^

...had a Dave Brandon WOW Experience.

 

It was sort of like, "WOW. He actually thought he could get this through without anyone noticing" (all the Kraft Noodles in the room are saying, "hold my beer.") 

Joined: 11/10/2009

MGoPoints: 2727

NateVolk

November 30th, 2017 at 2:47 PM ^

The excuse you always hear from apologists on these bonuses for bankrupt and bailed out companies is "contractural obligation".  Heard that a lot in 2008-2009.

Horrible, horrible public policy. When your company can't pay the bills and you are sacking people left and right who rely on that paycheck to eat and maintain shelter, it should be illegal. There should be a law against even seeking bonuses of this size in such circumstances.

Talk about totally out of touch and cold.

Joined: 07/19/2010

MGoPoints: 6863

SFBlue

November 30th, 2017 at 4:08 PM ^

This is what he tried to do at Michigan. Pay himself exorbitantly and run the department in the red. It wasn't merely that Brandon imposed corporate culture at Michigan. It's that he imposed ineffective, bloated, tonedeaf corporate culture.

Joined: 11/02/2009

MGoPoints: 15699