Truth - The answer is yes to your bonus question. During Christmas season 2011, employees were being laid off, others reassigned, wages were frozen and the company had lost 1.3 million for the year. But the CEO took a $80,000 bonus on top of the $21,000 monthly salary and had a nice Holiday. I believe a nice ski trip was also planned during this time.
Hi "honest", you have an uncanny awareness of Vann's history. Unfortunately, your perception of the situation has uncanny dilusionary parallels to that of its previous CEO/board member. Half of life is just showing up which is hard to do when you are away at school getting a masters degree (free ride courtesy of and paid for by Vann's) or building a mansion in Park City Utah (with, in part, Vann's product) during the greatest recession we have seen in modern times. It's an unfortunate end to the legacy Pete Vann worked so hard to achieve.
A perfect example of being in too many unrelated businesses, and not being good at any of them. The saddest part is that Vann's employees are paying for the mismanagement. Vann's was a good company and greedy people ran it down. I still have a question, did they get a bonus for failing?
Hey Honest, The employees that are losing their jobs and entire esop retirements care. Many loyal customers also care.
Vanns should be remembered as the thriving, local employer that it once was. But the fact that a greedy dimwit ran it into the ground cannot go without mentioning-- it was the sole reason the company failed. Manlove should be ashamed. I'm sure Pete Vann is.
As a Vann's employee and an avid reader of the Independent, I find this article to be misleading. Vann's has been a big part of the community for 51 years and instead of focusing on poor business decisions that may or may not have been made, I think the focus should be on the fact that we are losing another locally owned business that impacted our state in many positive ways. Vann's had over 150 employees and most of them were part of the organization for over 20 years. The loss of the business is sad for our community and the employees. Who cares if Vann's owned two homes up Rock Creek? Maybe they were purchased when the economy and the business were thriving....
Vann's was one of the first consumer electronics websites and was recognized in Consumer Reports in December 2009 as #1 Consumer Electronics e-Commerce site in the US. Those are the things that Vann's should be remembered for....Have some compassion.
most of the problems with Vann's downturn can be pointed to Manlove. it is not just the economy. seems Pete got out at either the right or completely wrong time, leaving the son-in-law in charge.
Agriculture Secretary Tom Vilsack announced on June 18 the selection of Julia Altemus as one of the committee members to evaluate Collaborative Forest Landscape Restoration proposals:
Fox can be seen now on 23.2
Haven't had FOX TV since June and this is July 14. SO much for no break in service.
This company is scamming americans and should be shut down.
A couple of friend of mine in Cali were trying to talk me into opening a hookah lounge here, but wasn't sure how well it would do. I'll deff be stopping in
Disney may call them "fingers and toes" that have the public has no interest in, but locals on the ground would beg to disagree.. Any heavy logging or development on the piece immediately above our place on West Dennis would change the water carrying capacity if our watershed and in dry years
drop the water below what is called for in my family' s water right. Most of the pieces WPT wants to trade for are heavily used for hunting, hiking, horseback riding and other recreation. There are other watersheds impacted including at least one stream with an anadromous fishery. In the end there will be a net loss of access for the public. if this trade goes through. There is signiifcant grass roots opposition-opposition which includes loggers, hunters, horsemen, environmentalists , the person next door.and county commissioners in Benewah, Latah, clearwater & now Idaho Co. Acquiring WPT land is desirable but not at this price.
Home Resource's current operations are a mess and now they are trashing out Russell Street at the location they aren't even in. Can you guys clean up your garbage and please Mr Wishcamper, take care of the weeds. Your properties are starting to look like the City Streets.
We can use the money to fight the fires to pre-empt the fires. All I know is that when the economy turns around then we will have a market for wood products. Another hurricane season will do the trick, that is if we have insurance companies. We have to do it in an environmentally friendly manner and put people back to work.
Al V: Are you seriously reading and listening to what you saying? Who is going to employ (ie PAY) people to do the work? The timber mills who aren't buying logs and can't even sell the lumber already sitting in their lumber yards? Nope. Well, could it be you, I and all the other US Taxpayers? Yep! Yippie!
So let's see Al...Under your plan, the US Taxpayers pay people to cut down trees on public lands even though there is no demand for wood products. Then because the timber mills currently aren't even buying logs (because there is no market for lumber and paper products) the US Taxpayers will have to pay timber mills to take these trees and make them into wood and paper products that nobody currently wants or needs.
And we're doing this...why? Ooooohhhhh...so that those previously unemployed people who couldn't afford to buy wood products get money from the US government (funded by the US taxpayers) to buy wood products? To build more homes we don't need? Or to continue the same type of over-consumption and over-development that got us into this mess in the first place? Seriously Al....
That is easy. By employing the people to do the work. The trees need to be cleared out so new trees can replace them. Otherwise they might burn and cause CO. As it is now, the mills have to make a profit. With stimulus money htat still might hapen. Right now, there is not a market for wood products because too many people are unemployed. This way there will be more employed to purchase wood products. There is a certain amount of synergy in all of this stimulus.
Todd Morgan states, "Likewise, if logging in national forest had been “fast tracked” as Ochenski suggests, then the time for a harvesting or fuels project to go from planning to implementation would have decreased, rather than increased form a year or less during the Clinton administration to two to three years under Bush." Todd, HFRA "fast tracked" the public involvement, ie, the owners of the timber were largely side-lined. However there is no time tracking of the timber corporations that bought the public timber at fire sale prices. The Middle East Fork timber sale was rushed to contract in order to avoid delays that, according to the FS and timber industry would have jeapordized lives and homes. Now the timber industry has had contracts in hand for about 3 years (3 fire seasons) and less than 1/3 of the timber cutting has been implemented. If we take the rhetoric of the FS and timber industry as true then they are clearly not very concerned about the homes and lives they trotted out as an emotional ploy to boost the bum's rush to gain private profit from public timber.
Timbertiger, your comment about Jack Cohen's work not accounting for fires that do not reach the HIZ or CPZ because of logging the backcountry puts you standing alone, about as far from science as the WUI boundary stands from the zone where effective home protection might occur. I don't know any science, even FS science, that shows you can stop fires with logging anywhere.
Much of the problem lies with the FS propaganda used to gain public support for the publicly subsidized raids on our public forests . The FS uses unwitting homeowners who have been hoodwinked through fear tactics as the front people to emotionally plead for fire protection by logging areas that are mostly irrelevant to home protection.
Now that there is a 3 year delay due to timber industry profit motives, where are the homeowners in the MEF area who were put up, by the FS, to speaking out about how scared they were about any delay of logging that might have ensued from legal review of the project. They are (not so) strangely silent and certainly have not been given a FS arranged press conference to talk about delay as they were given before the contracts were awarded.
Al: Considering the fact that we're in the middle of the steepest decline in lumber consumption ever and there is simply no demand for wood and paper products and the local mills aren't even purchasing logs right now because they can't sell their products just how is cutting down trees on public lands going to "stimulate the eocnomy [sic]"? Thanks.
I think Tester should focus on the federal trees. Stimulate the eocnomy by harvesting the beetle kill in an environmentally friendly way and plant more trees to replace the dead and dying. Let the private trees go to private interests. The interface is their responsiblity.
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