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Zep Inc. Common Stock Message Board

  • simplyfail simplyfail Dec 16, 2012 9:12 PM Flag


    To all employees and stockholders, let's put things into perspective about Zep.

    John Morgan has been CEO since 2007. Here are some interesting facts about our last 6 years:

    Initial stock offering price 11/1/07 $15.60 Stock closing price 12/14/12 $12.89

    Inherited corporate debt 11/1/07 $75 million Current corporate debt 12/14/12 North of $200 million

    CEO salary, bonus and options 2007 - 2011 $13,188,000.00-not including 2012

    12/3/2012: SAP goes online. Zep Reps sell, the company only has to manufacture, inventory, ship and invoice. When this doesn't happen, Reps DO NOT receive their compensation in a timely and proper manner. In other words, reps are screwed. What is really not funny is that not only was management not prepared for this scenario but they COULD NOT really CARE LESS about Rep's lives.

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