Harley CEO gives himself hefty bonus
Saturday, March 19, 2011
I don't hate the bikes but the company and some of HD riders always make me frown. Harley Davidson Inc. CEO, Keith Wandell is paying himself a $6.4 million bonus for Harley’s worst sales year since 1999, a year in which it was also disclosed that The HD accepted a secret $2.3 billion bailout in 2008. Harley reported a $146.5 million profit in 2010, compared with a $55.1 million loss in 2009. In 2010, new union contracts saw a total of 2,300 job cuts in Pennsylvania and Wisconsin plus reduced wages and benefits for the remaining union employees, for a total cost saving that will eventually add up to $50 million annually. So I guess Keith did a great job to save the company?
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