Posted: December 27, 2012 at 1:03 am
Radio One Gives Huge Bonuses…to WHO?
Around the same time Barry Mayo, the former President of the Radio One radio division left the company this past March, CEO Alfred Liggins announced that employees should not expect any raises even though the company saw a 6.4 revenue increase in the first quarter. He stated the corporation has a bank debt to settle as the reason for no employee raises. Nevertheless, The Radio One board of directors compensation committee awarded 250K bonuses to CFO Peter Thompson and Chief Administrative Officer Linda Vilardo each. No word on bonuses for Cathy Hughes, Alfred Liggins (or Jay Stevens?) but we will certainly keep you posted as soon as we hear. BTW: This must be working wonders for staff morale.