JCHateSteve
Herald of the Meteor
- Joined
- Sep 5, 2008
- Messages
- 16,820
- Likes
- 42,732
I like Waynesville, went to school there for a bit for lumber grading.View attachment 557335
Church St. Depot in Waynesville,NC.. Spending time with family in North Cackalacky before heading down to Atlanta to catch the Braves game tommorow. If you're near Asheville or in the surrounding area,I highly recommend it. They have a little bit of everything.
I like Waynesville, went to school there for a bit for lumber grading.
The mill has just shut down. And before the announcement was made to the employees, the top execs declared dividends and cashed out. They’re doing just fine. The workers got one week’s severance per year of employment. (There were many layoffs in the early Covid period.)Really? Yeah,I was born and raised in a little town nearby called Canton and have called Kingsport ,Tn home since I was 12 years old. (Almost 30 years) It's a nice trip down memory lane to my old neck of the woods any time I get to come back.
Four members of the company’s leadership team, however, were able to offload more than 58,000 shares of company stock on March 2 ahead of the layoffs and before the price dip, per Wall Street Zen, a market research firm. All four of them got $11.30 per share.
Michael King, president and CEO, sold 45,113 shares for $509,776. Douglas Owenby, COO, sold 3,969 shares for $44,849. Racki, who delivered the announcement to workers, sold 4,093 shares for $46,251 and Chandra Mitchell, chief legal officer, sold 5,613 shares for $63,427.
All told, the transactions represent more than $664,000 in stock sales by top execs just four days before laying off more than a thousand workers.
I know Canton, we used to drive over there and eat at some restaurant. I can't remember the name of it, it's been a minute, but it was so good.Really? Yeah,I was born and raised in a little town nearby called Canton and have called Kingsport ,Tn home since I was 12 years old. (Almost 30 years) It's a nice trip down memory lane to my old neck of the woods any time I get to come back.
The mill has just shut down. And before the announcement was made to the employees, the top execs declared dividends and cashed out. They’re doing just fine. The workers got one week’s severance per year of employment. (There were many layoffs in the early Covid period.)
Canton mill executives sold shares just before telling workers about closing • Asheville Watchdog
View attachment 557335
Church St. Depot in Waynesville,NC.. Spending time with family in North Cackalacky before heading down to Atlanta to catch the Braves game tommorow. If you're near Asheville or in the surrounding area,I highly recommend it. They have a little bit of everything.
