Someone asked me a question the other night that set me thinking. The question was, "Does anyone like FirstEnergy?" I couldn't think of one single person or entity that has anything nice to say about the company, and in fact, I started mentally ticking off all the persons or entities who dislike the company and are simply taking notes and biding their time to build the perfect storm.
Here's another group that doesn't like FE. Their own employees.
A recent article in the State Journal headlined, "UWUA locals unite against FirstEnergy management practices" tells a tale of union solidarity against what they characterize as "unbridled management greed."
I agree, and I know I'm far from alone in my opinion.
The unions issued a Resolution of Solidarity that highlights dirty management practices and complaints against the company that I have heard over and over again. Among them are these gems:
"FirstEnergy CEO Tony Alexander received over $18.3 million in total compensation during 2011, a staggering increase of 58% over his total pay of $11.6 million during 2010; and the six top executives of FirstEnergy received nearly $57 million in total compensation during 2011."
"Top bosses at FirstEnergy are living high on the hog while they cut the wages and benefits of the utility workers who generate and distribute and service the electricity."
The unions are joining forces "...to assist each other to make certain that we obtain justice and fair contracts for our members throughout the FirstEnergy empire."
Empire? Tony's little fiefdom?
The union members "will not be divided and conquered."
Personally, I'm a little surprised they missed that whole Cleveland Browns stadium thing -- how far could $102M over 17 years go toward salaries and benefits for the workers who actually do the jobs that keeps our lights on?
At FirstEnergy, it's all about squeezing as much profit out of customers and O&M as possible. For management's efforts, they "live high on the hog." However, for every dirty affair Tony Alexander and FirstEnergy management perpetrates, the company makes a new enemy.
The list of enemies is growing and the perfect storm continues to churn and gather strength. Karma's a real bitch.
Here's another group that doesn't like FE. Their own employees.
A recent article in the State Journal headlined, "UWUA locals unite against FirstEnergy management practices" tells a tale of union solidarity against what they characterize as "unbridled management greed."
I agree, and I know I'm far from alone in my opinion.
The unions issued a Resolution of Solidarity that highlights dirty management practices and complaints against the company that I have heard over and over again. Among them are these gems:
"FirstEnergy CEO Tony Alexander received over $18.3 million in total compensation during 2011, a staggering increase of 58% over his total pay of $11.6 million during 2010; and the six top executives of FirstEnergy received nearly $57 million in total compensation during 2011."
"Top bosses at FirstEnergy are living high on the hog while they cut the wages and benefits of the utility workers who generate and distribute and service the electricity."
The unions are joining forces "...to assist each other to make certain that we obtain justice and fair contracts for our members throughout the FirstEnergy empire."
Empire? Tony's little fiefdom?
The union members "will not be divided and conquered."
Personally, I'm a little surprised they missed that whole Cleveland Browns stadium thing -- how far could $102M over 17 years go toward salaries and benefits for the workers who actually do the jobs that keeps our lights on?
At FirstEnergy, it's all about squeezing as much profit out of customers and O&M as possible. For management's efforts, they "live high on the hog." However, for every dirty affair Tony Alexander and FirstEnergy management perpetrates, the company makes a new enemy.
The list of enemies is growing and the perfect storm continues to churn and gather strength. Karma's a real bitch.
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