Fye Ceo Robert Higgins gets $1.1 mill...

Fye Ceo Robert Higgins gets $1.1 million bonus

There are 19 comments on the Business Journal story from Jul 9, 2012, titled Fye Ceo Robert Higgins gets $1.1 million bonus. In it, Business Journal reports that:

The base salary, cash bonus, stock awards and other compensation pushed Higgins's total compensation to $2.66 million, or nearly $1 million more than his total pay in fiscal 2010, according to a proxy statement filed with the U.S. Securities and Exchange Commission.

Join the discussion below, or Read more at Business Journal.

john

Crozet, VA

#1 Jul 19, 2012
Fye is firing long term employees......now I see why!.....Corporate greed at its best!
Sam

Smithfield, VA

#2 Jul 19, 2012
Here! Here! how true that is! They fire long time employees & WILL NOT offer sevrance pay so the Heathen old men can get richer of---f the REAL people that have worked for that GREEDY-i don't care about my empoyees-just make me Richer!. company. how American is that! GRRRREEEEDDY! Robert Higgins should give back but because he's the CEO he doesn't evern care of the people that have worked years for the company-JUST FOR HIM TO GET RICHER. Typical greedy corporate monger!
Sam

Smithfield, VA

#3 Jul 19, 2012
Here! Here! how true that is! They fire long time employees & WILL NOT offer sevrance pay so the Heathen old men can get richer off the REAL people that have worked for that GREEDY-"i don't care about my empoyees-just make me Richer!." company. How American is that! GRRRREEEEDDY! Robert Higgins should give back but because he's the CEO- he doesn't even care of the people that have worked years for the company. If he did, he'd offer them SOMETHING! But there is nothing...ONLY....
-JUST FOR HIM TO GET RICHER. Typical greedy corporate monger!
LOL had to resend & correct my errors! WHATEVER.. Transworld does not care about the people who do THEIR work for them-they only care about themselves. It's a typical, greedy company which is hopefully, going to go under...SOONER than later w/ their high prices & ridiculous items they carry!! It's sad when they terminate someone that has given all their life into the company YET they aren't compensated for the years they have worked...Word of mouth goes along way..
Walter

Chesapeake, VA

#4 Jul 19, 2012
How do they get away with this!! How can you fire people who do all the work in the stores so CEO's who sit on their butts all day can pay for their bonuses!!FYE does not care about it's employees ....call any store and ask an employee and see what they say!! They just need to close the doors and walk away with their millions....that seems to be the goal anyway!!
You can't even find anyone to help you in the stores, trying to run stores on a shoe string budget while they take millions for themselves.
Kat

Smithfield, VA

#5 Jul 19, 2012
Oh WOW I WONDERED why?!!! I didn't get a RAISE.... greedy! It went to you!! Wow...Enjoy that like you couldn't spare any.. Robert Higgins, you need to get back down to earth & RELATE to the people WHOM made you even richer! Oh, it's not a "mom & pop" shop.. so he doesn't give a hoot... TYPICAL Businessman..lol!
WHY

Chesapeake, VA

#6 Jul 19, 2012
THIS IS A BIG JOKE................YOU ALL LOOK OUT 4 YOUR OWN.....AND GIVE A DAMN ABOUT THE FEILD....YOUR DM'S ARE BIG JOKE. THEY HAVE NO C/S SKILLS AND NO ADD ON SKILLS.I WILL PUT THE WORD OUT NOT 2 SHOP IN ANY OF YOUR STORES
pin

Smithfield, VA

#7 Jul 19, 2012
Employees have been working hard to get the sale up & HE GETS A CASH BONUS! REALLY... THAT'S ABSURD! SPREAD YOUR WEALTH TO YOUR EMPLOYEES-There hasn't been raises in years & he gets awarded with that amount of CASH, plus the V.P. and operations, got some too. This company should be ashamed of themselves, oh wait, IT's Another ENRON!!!! Higher up gets paid and leave the REAL PEOPLE who do the grunt work-w/NOTHING.. IT'S THE REAL PEOPLE WHO ARE THE ONES THAT HELPED YOU GET THAT BONUS!
Jennifer

Chesapeake, VA

#8 Jul 19, 2012
My friend got fired after working for FYE for 20 years!!!....So these bonuses can be paid!
pin

Smithfield, VA

#9 Jul 19, 2012
Jennifer wrote:
My friend got fired after working for FYE for 20 years!!!....So these bonuses can be paid!
I know exactly who you are talking about! The district manager is worthless! He can't even talk to sales associates, no customer service on his end! He needs to lead by example! He's non-personable & unprofessional. He should be the TERMINATED W/ no benefits! Someone gave their life and nothing in return EXCEPT that 3 people in the company get mega-cash bonuses. Really...
WHY

Chesapeake, VA

#10 Jul 19, 2012
pin wrote:
<quoted text> I know exactly who you are talking about! The district manager is worthless! He can't even talk to sales associates, no customer service on his end! He needs to lead by example! He's non-personable & unprofessional. He should be the TERMINATED W/ no benefits! Someone gave their life and nothing in return EXCEPT that 3 people in the company get mega-cash bonuses. Really...
They will not go far in life....YES they got a BIG BONUS..BUT it not's over......GOD HAS A PLAN...
john

Crozet, VA

#11 Jul 21, 2012
Don't shop at FYE ....they suck!
Carlos

Virginia Beach, VA

#12 Jul 21, 2012
Transworld Entertainment/FYE is the worse company to work for and their stores are the worse to shop in. District and Regional managers treat employees like they are idiots when in fact they are the biggest idiots walking the planet. FYE is sinking. AND SINKING FAST. They have resorted to scamming unsuspecting customers and firing 20 year veterans so that their CEO can earn multi-million dollar bonuses. DISGUSTING. Bob Higgins, the CEO, is one of the FAT CATS who is responsible for the recession that this country is facing. He is sucking up more money than he has life to live. Transworld Entertainment + FYE + Bob Higgins = Corporate Greed.
Deb

Virginia Beach, VA

#13 Jul 21, 2012
Carlos wrote:
Transworld Entertainment/FYE is the worse company to work for and their stores are the worse to shop in. District and Regional managers treat employees like they are idiots when in fact they are the biggest idiots walking the planet. FYE is sinking. AND SINKING FAST. They have resorted to scamming unsuspecting customers and firing 20 year veterans so that their CEO can earn multi-million dollar bonuses. DISGUSTING. Bob Higgins, the CEO, is one of the FAT CATS who is responsible for the recession that this country is facing. He is sucking up more money than he has life to live. Transworld Entertainment + FYE + Bob Higgins = Corporate Greed.
Hi Carlos, funny you should mention scams. I worked for FYE for 8 months. I was a cashier and know first hand about the "scam". Managers force cashiers to lie to customers to get them to buy extras called 'drivers' which are discount cards, magazine subscriptions and anything else that the company can charge your credit card for monthly. Most customers have no idea that they are being scammed or what they are signing up for. I was forced to lie if I wanted to keep my job or be scheduled weekly hours. I felt bad for customers especially when they would come back into the store asking questions about unauthorized charges are their bank statements. All I can say is FYE is desperate and crooked. So many under-handed things are going on in FYE stores just too much to type here.
Todd

Virginia Beach, VA

#14 Jul 21, 2012
FYE is shady. Several of my friends who had been full time employees for over 10 years were fired from their full time positions and their benefits were stripped away only to be offered part-time positions with no benefits. If they refused the offer they would still not be eligible for unemployment benefits because they were offered and refused employment even if that employment was part-time. FYE humiliated these poor loyal employees. Stripped them of their tenure and benefits without blinking. These people had families and lives. They were adults. They were not sixteen living at home with parents. So sad how FYE treats people that work for them. Really makes that company look bad.
Carlos
#15 Aug 16, 2012
Social Media is gonna destroy FYE....they are a bunch of crooks!
Mel

Chesapeake, VA

#16 Jan 4, 2013
Close the doors it's over!!....fYE SUCKS!!
Leroy

Oshkosh, WI

#17 Jan 5, 2013
john wrote:
Fye is firing long term employees......now I see why!.....Corporate greed at its best!
Wow
GusProuty

Schenectady, NY

#18 Feb 20, 2013
These posts speak the truth. I am glad to know my 60k a year as a GM in his flagship store, contributed to his bonus. Its too bad, for many years he was a great leader, this is not what he was about all the time. Things got away from him, mainly competition. He put some questionable people around him, and cant hold on to executives. I was let go for knocking down a chair and saying "f*ck" in a closed backroom. I have heard some confirmed stories of what has gone on in the TWE boardroom. Without being specific, it sounds more like a WWE title match than me knocking over a chair behind closed doors. I moved over the country and grandopened the whole Hudson Valley area for you. I asked you for severance and you didn't even have the courtesy to respond. You deserve the heat you are receiving for this.
Indeed

Ansonia, CT

#19 Mar 10, 2013
It's honestly completely insane to see this company still operating. They have no respect for their employees. The company has no idea how to recover to a growth cycle... they have a few good VPs in place now... but the old blood (Mr. Higgins and his relations) working in the company will continue to allow this type of treatment to their employees. Time to close the doors and just walk away... it'll be better for everyone in the long run. Glad you got a $1,000,000 bonus Bob... while you're pushing all of your quality people out the door and searching to replace them with inexperienced managers you can pay 10k less a year...

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