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The Manitowoc Company, Inc. Message Board

  • fredtbaltimore fredtbaltimore Apr 4, 2013 3:41 PM Flag

    Loss of Food Service President

    Kachmer was a bright spot in food serivce. Really knew what he was doing. Glennie ain't gonna keep many people like Kachmer around since he is such a loser/dorkwimp. Why can't we get a good leader and strategic thinker instead of just a glorified accountant.

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    • I wonder what really happened here?
      If someone quits (resigns) or is terminated, they don't get paid to the end of the year, nor will their "Vesting" be extended an additional year.
      If they signed some type of "employment agreement" there better be some wordage in that agreement that covers what their pay or benifits will be when leaving the company. If there isn't any wordage, then the wrong person is leaving.
      Something is strange here.
      It's almost like a "Pay-off" to keep his mouth shut.

    • How else would a company Officer sell almost $2M of stock all at once? Some lame excuse such as needing the money for his kids' college fund?

    • Hey come on now, let's give Glen the "Benefit of the Doubt". He's probably bored sitting around collecting his $10,000,000.00 in pay & Benefits and doing nothing except flying all over the country on the Company's private jet. Come on, that must be very strenuous carrying his golf bag to & from the jet. Golf bags are heavy,, especially if they have clubs in them.
      I wonder if he'll get a pay increase because he's taking on another job ? Kinda like Barry Alvarez did. I think a person that takes on two jobs deserves a pat on the back and additional pay. God only knows he can hardly make it on what he's getting paid now.. He's so poor he can't even afford to buy his own shares of MTW,,,,,,,,,,,,,,,,,,,tears!!!!!

    • Listen, the guy wants to be a CEO. Get your facts straight. He's gone as far as he can with MTW.

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