Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Tenaris ADR Rep 2 Ord Shs T.TS.B


Primary Symbol: TS

Tenaris S.A. is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products. It operates in geographical areas, such as North America, South America, Europe, Middle East and Africa, and Asia Pacific. Its products and services include OCTG, Premium Connections, Rig Direct, Offshore Line Pipe, Onshore Line Pipe, Hydrocarbon Processing, Power Generation, Sucker Rods, Coiled Tubing, Industrial and Mechanical, and Automotive.


NYSE:TS - Post by User

Post by Mediawatcheron Apr 07, 2020 9:54am
262 Views
Post# 30886210

Leadership???

Leadership???Hi All,

Yesterday Torstar announced it was eliminating 85 positions across the company.  Terminating these employees and not furloughing them was a gutless move as they could do it without having to face these devastated individuals.  The kind of classless behaviour many have come to expect from this regime.


The story was covered in The Star.  Boynton was quoted as follows:

“We waited to see what steps the government would be taking and whether we’d be eligible. And that’s one of the reasons we’re cutting 3 per cent of our workforce. Some media companies are cutting 40 or 50 per cent,” said Boynton. The Torstar board and executive leadership team will be taking a 20 per cent pay cut, and the company is putting a hold on the bonus program. 

So Boynton will have his base salary reduced to a modest $600,000 and the useless Board of Directors will "suffer" a 20% reduction in their ridiculous fees as an austerity measure.  Honderich will "earn" $220,000 to preside over the cluster fornication. 

The pandemic will shield them from facing shareholders at the AGM.  They should be outraged by this complete and utter lack of leadership.  You can be sure Boynton will find a way to line his pockets after this crisis passes and Honderich will be there to enable it.
MW

 

<< Previous
Bullboard Posts
Next >>