Dear Allen,
>>>Still perhaps a little harsh with respect to Hill<<<
I am outraged by all this support for a man who walked away with $5M in addition to his salary, benefits, and other compensation for less than three years work. Especially when hundreds of employees, many of them (I assume) were there before Hill, were laid off.
I am also assumming that $5M must seem like small change to most of the people that defend Hill. But, that aside, there has to be some relationship between what a man is compensated for and his output. Just what did he do and when did he do it?
1. Did he have some engineering background to help in the design of the Zip or the Jaz?
2. Did he know something about the technology and foresaw the market develop with respect to the Internet and the developments of Windows 95 that necessitated high capacity removable disk storage?
3. What did he do besides taking orders from Kim Edwards and help get rid of Iomega employees that were there before Kim Edwards? Just what did he do that was clearly his own doing and that did not come from Kim Edwards?
4. Could anyone clearly tell me that Kim Edwards could not have done the job and that Iomega would be a different company today without the contributions of Tim Hill?
I am not upset that a person like Tim Hill could through incredible luck, and being at the right place at the right time, receive compensation for which he does not fully deserve. I am upset that knowing employees would be laid off, Tim Hill sold out his company.
He could have sold just enough shares to pay for his options, any taxes due, send his kids to Ivy league schools (if that is the case), and bought himself and his wife (his and hers) Mercedes. He chose instead to sell all his shares in the company. Under the circumstances, how could he still come to work, collect a pay check, and face the employees that are being laid off.
I am upset because people come to his defense and not feel anything for the hundreds of families, who were loyal to the company, and now face hardship.
Tim Hill does not need your support. He is wealthy enough where he does not need to work another day in his life. Please, please do not tell me that $5M is not that much money.
>>>Still perhaps a little harsh with respect to Hill>>
Mary
|
