Management faced by out of control costs shold consider across the board pay cuts for top management. That would signal the Street that management is serious about turning the company around, and would also be comforting to the rank and file employees who see their 401K's diminish in value and will be facing tighter budgets and cutbacks in inefficient operations.
Phy, Good to hear from you, as most all of the Buds except me moved to the other board. I agree the it's unlikely that management will take a cut, but IMO it would be the right thing to do. If Begley has enough pride on the line, and doesn't want to be remembered as the guy who was given the opportunity to manage a new company and failed, then he will do whatever is necessary to turn the company around. We'll see. Snug