KGIC Inc LGLTF

RE:RE:RE:RE:$8 million Raised

[britishcinnamon]

True for frontline employees maybe.

For the corporate members and board members who add no value to the operations, I would rather see a layoff. That is perhaps the one thing that most longs on this bb and the LOY haters can agree on. At least Ryu is only functioning as a part-time consultant at this point for the current CEO and not as a LOY board member. 

I know that Ryu and 2 other board members as well as the previous CFO were all let go. Hopefully, cutting their salaries can improve LOY's bottom line. LOY can burn off a few more leaches stuck to its underbelly.

The teachers should be paid more. The frontline operation should be the most important part of LOY's business.

It's like my current apartment building. It was named best residence to live in many years in a row. Then it merged with some private company and they stopped caring about the tenants. It became "How can we squeeze more rent money out of tenants?" instead of "how can we run the building more efficiently?" The workers in my building hate their jobs and work poorly now with the merger. It kind of feels like what LOY went through in 2014 when revenue was at all-time highs.