Saturday, January 28, 2023 Jan 28, 2023
49° F Dallas, TX

THUMB AWARD Let Them Eat Promises

By D Magazine |

Thumbs down to LTV Corporation Chairman and CEO Raymond A. Hay for paying himself a $130,000 bonus over and above his $530,000 salary and for paying his top four executives $517,709 in bonuses in the same year that he managed LTV right into Chapter 11, In 1986, LTV lost a record $3.25 billion and did away with the principal pension plans of its steel operations. With these salaries, maybe the LTV brass can feed those disgruntled steel workers in their old age.